$ERFB..DD Updated Company Restructure, Acquistion of Accordant Communications, LLC and Company expansion. Utilities and 5G Wireless #Infrastucture
Jan 19, 2017 ERF Wireless to Acquire Accordant Communications "Today is a re-founding moment for Accordant. I see incredible opportunity for our customers and look forward to supporting this new and combined business," said Dan Himes, President of Accordant. "We bring to ERF an additional $4-6 million in gross annual revenues, with a projected sales pipeline for 2017 of $25 million," said Himes. Accordant's customer base includes major U.S. telecoms and power utilities. http://www.marketwired.com/press-release/erf-wireless-acquire-accordant-communications-all-restricted-common-stock-transaction-otc-erfb-2189559.htm
Feb 13, 2017 Debt Reduction ERF Wireless Reduces Corporate Debt More Than Seventy Percent Over Past Two Years ERF Wireless Board Resolves to Accept No New Source of Convertible Debt LEAGUE CITY, TX--(Marketwired - Feb 13, 2017) - ERF WIRELESS, INC. (OTC PINK: ERFB) on Monday announced that over the past two years it has successfully been able to eliminate more than six million dollars of its corporate debt, representing more than seventy percent of its total debt. This debt reduction has come as a result of asset sales, exchange of convertible debt and Bonds for Preferred B stock, and negotiated settlements. More recently, as a part of our workout efforts associated with our contract with Asset Econometrics, we are taking steps to reduce our remaining debt and to prepare the company for future growth. Additionally, on February 9th, 2017, as a part of the overall long term company planning, the Board of Directors approved a resolution to direct management to not accept any future convertible debt debenture contracts or any other form of "TOXIC FUNDING." http://www.marketwired.com/press-release/erf-wireless-reduces-corporate-debt-more-than-seventy-percent-over-past-two-years-otc-pink-erfb-2195283.htm
March 9,2017 Acquisition completed ERF WIRELESS, INC. (OTC PINK: ERFB) and privately held Accordant Communications, LLC. (www.acc-com.com) today announced, that ERF Wireless ("ERF") has now completed the acquisition of 100% of the equity interests in Accordant Communications ("Accordant") directly from its current equity owners in exchange for fourteen million shares of restricted common stock of ERF valued at $1.00 per share as announced previously on January 17, 2017. Accordant has become, for the present time, a wholly-owned subsidiary of ERF as of the closing.... http://www.marketwired.com/press-release/erf-wireless-completes-acquisition-all-equity-interests-accordant-communications-ahead-otc-pink-erfb-2202026.htm
Vice President, Accordant Communications Steven Sarno Oversees the operations of Accordant's Utility and Wireless Division and is based in West Palm Beach Florida. We Provide construction and maintenance service for transmission, distribution, substation projects as well as emergency restoration of utility infrastructure. Accordant's Wireless Operations are based in Sanford, FL where they provide upgrade and modernization services to wireless carriers including T Mobile, AT&T (through it Turf Contractor MasTec) and Sprint. https://www.linkedin.com/in/steven-sarno-a640a01b/
Major Changes within the company ERF Wireless Inc. ERFB
March 13, 2017 New Board of Directors ERFB) today announced major changes to its board of directors. Three (3) new directors including Steven M. Sarno, Dr. John B. Barnett, and Joey Milan were appointed to the board on an interim basis on March 12, 2017 pursuant to a written consent by a majority of shareholder votes as allowed under the Bylaws of the Corporation and Nevada law. Simultaneously, the incumbent Dr. H. Dean Cubley has resigned as chairman and director; and Dr. Bartus Batson has likewise resigned from the board; both citing personal reasons. The new directors bring diverse backgrounds in business to ERF. Sarno, an officer of newly acquired Accordant Communications, brings a strong background in the wireless, power and infrastructure construction industries. Milan and Dr. Barnett bring years of experience in a variety of industries. The new directors intend to implement the new ERF initiatives recommended by Asset Econometrics, a turnaround and restructuring firm previously engaged by ERF, including beginning a search for new management to lead ERF into the future. http://www.marketwired.com/press-release/erf-wireless-inc-announces-major-changes-to-board-of-directors-otc-pink-erfb-2202480.htm
March 20, 2017 Company Expanding Texas, Flordia ERF WIRELESS, INC. (OTC PINK: ERFB) and Accordant Communications, LLC. ("Accordant"), (www.acc-com.com) today announced that ERF Wireless ("ERF") is expanding and has now established local subsidiary offices in Addison, Texas to further support the Texas market and its partner base after its recent acquisition of all the equity Interests of Accordant, a Leading Broadband Network Development and Utility Construction company. Accordant currently has a number of network deployments in Texas. Accordant expects to add up to 50 new jobs in the Texas market over the next 24 months and another 100 jobs in the Florida market http://www.marketwired.com/press-release/erf-wireless-announces-major-markets-and-jobs-expansion-otc-pink-erfb-2203931.htm
May 24,2017 New CEO ERFB today announced that Dr. H. Dean Cubley has been removed by the board of directors as CEO, President and from any other offices he held. In addition, Clareen O'Quinn has been removed as corporate secretary and from any other offices she held. No reason was given for the removals. Dr. John B. Barnett, M.D. was named interim CEO, President, and Secretary until replacements are made. https://www.otcmarkets.com/stock/ERFB/news
May 26, 2017 Financials update ERFB) today announced that the company has completed the updating of its financial statements and OTC disclosures in order to become a current alternative reporting company with OTC Markets. Application to list as an OTC alternative reporting company will be submitted to OTC Markets in the coming days as ERF takes steps to move forward after choosing to become a non-reporting issuer last fall. http://www.pressreleasepoint.com/erf-wireless-takes-steps-update-financials-otc-markets
2017-06-08 Dallas,TX, United States., May 26, 2017 -- ERF WIRELESS, INC. (“ERF”) (OTC PINK: ERFB) Dr. John Barnettt, CEO, today announced that the company has hired special counsel to look into possible wrongful issuances of shares by prior management. The company will keep the company updated as to any new developments. http://www.pr4us.com/pr-4297-erf-wireless-launches-share-issuance-investigatio.html
ERF Wireless LLC NV SOS Updated Company - Status Active Business License Exp: 6/30/2018 AS/ unch President - JOHN B BARNETT..Status: Active Secretary - JOHN B BARNETT..Status: Active Treasurer - JOHN B BARNETT..Status: Active Director - JOHN B BARNETT..Status: Active President - H DEAN CUBLEY..Status: Historical https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=VCx3Hx1daKIW4xeI0ohXgQ%253d%253d&nt7=0
New contact info Contact: Dr. John Barnett ERF Wireless 4139 Centurion Way Dallas,TX (725)696-3282 drjohnbarnettmd@gmail.com Wade Westheimer Asset Econometrics Inc. (AEI) Tel: 214-280-1975
Anytime its brought to my attention that a company is going though major change or atempting to reinvent itself it is of interest, and not at all a buy recomendation. You guys know the drill, this is my DD and subject to human errors...1c
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