ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
coquinn@erfwireless.com
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Contact: ERF Wireless Inc. Clareen O'Quinn 281-538-2101 ext. 113 coquinn@erfwireless.com |
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LEAGUE CITY, Texas, Jan 21, 2010 (BUSINESS WIRE) -- ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that its Enterprise Network Services subsidiary (ENS) has launched a marketing campaign in support of its WiNet Agreement with West Texas State Bank in Monahans, Texas. This agreement calls for the utilization of the bank's excess bandwidth and wireless infrastructure to provide Internet products and services to the bank's commercial and retail customers in the Monahans and Kermit areas. ERF Wireless plans to operate and support its WiNet product offerings through its Wireless Bundled Services subsidiary and estimates its WiNet operations with West Texas State Bank will be initiated on February 1, 2010. The contract is expected to generate more than $6 million in recurring revenues over the next ten years after a two-year ramp-up period. The bank will receive a percentage of the gross subscriber revenues as part of the agreement.
"Since ERF Wireless realizes these West Texas communities are ideal candidates for our WiNet program, we'll be expanding our sales activities to market the excess bandwidth capacity generated by this world-class network," commented Gary Busby, Senior Vice President of Sales and Marketing for ERF Wireless. "Now the businesses and homeowners in these communities will be able to experience the power of high-speed Internet connectivity."
"We're very pleased with the performance of the network designed and installed by ERF Wireless," said Robert Wells, Senior Vice President for West Texas State Bank. "Our data transmission processes are operating at an optimum level and the network has proved itself to be both fast and reliable. We're looking forward to sharing this technology with those communities needing high-speed Internet and high-capacity bandwidth."
"WiNet has always been an important component of our overall business plan," said Dr. H. Dean Cubley, CEO of ERF Wireless. "Currently, we're enhancing that offering by incorporating 3.65-GHz technology into the West Texas State Bank network. This will increase our footprint in the area and facilitate our ability to provide high-capacity services to those who were previously underserved. The launch of this program is a win-win-win opportunity for West Texas State Bank, ERF Wireless and the people in these West Texas communities."
About ERF Wireless
ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Oil & Gas Services, ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than 40 years. For more information, please visit our websites at www.erfwireless.com and www.erfwireless.net or call 281-538-2101. (ERFWG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
SOURCE: ERF Wireless Inc.
ERF Wireless Inc.
Clareen O'Quinn, 281-538-2101 ext. 113
coquinn@erfwireless.com
or
Rubenstein Investor Relations Inc.
Tim Clemensen, 212-843-9337
tclemensen@rubensteinir.com
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