ERF Wireless Acquires Beacon Wireless Broadband Network; ERF Wireless Expands Network Coverage Over Two Additional Texas Cities.LEAGUE CITY, Texas -- ERF n. 1. A garden plot, usually about half an acre. Wireless (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ERFW ERFW Engine Room Fresh Water (naval engineering) ), an emerging major provider of enterprise class wireless broadband products and services, announced today that it has completed the acquisition of all of the assets of the Beacon Network. The Beacon Network provides wireless broadband network coverage over a large part of southeastern Harris County, Texas Harris County is a county located in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area. As of 2000 U.S. Census, the county had a population of 3.4 million (though a 2006 estimate placed the population at nearly 3. , including the strategic cities of La Porte and Shoreacres, as well as a large part of the Houston Ship Channel The Houston Ship Channel in Houston, Texas is part of the Port of Houston—one of the United States's busiest sea ports. The channel is a conduit between the continental interior and the Gulf of Mexico for both petrochemical products and Midwestern grain. and Bayport industrial complexes. The Beacon Network was a private network owned and operated by a consortium that included three cities and one school district. Under the agreement, ERF Wireless will own 100% of the network and receive all of the revenues generated from providing wireless broadband network coverage to the large number of municipal, school district, school, fire department, civic center, college locations, as well as residential and commercial customers that received network connectivity on the Beacon Network. ERF Wireless is also authorized to use city-owned water towers from La Porte and Shoreacres for the placement of antennas and related network equipment. The financial terms of the transaction were not disclosed. R. Greg Smith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ERF Wireless, commented, "The acquisition of the Beacon Network provides ERF Wireless with a strategic resource adjacent to the 4.5 million population center of Houston, Texas, and covers a large portion of the major industrial, shipping and petrochemical complexes of the Houston Ship Channel. The strategic network resources of the Beacon Network in the upper Galveston Bay region also cover a significant amount of the recreational boating and water sports water sports Urophilia, see there businesses in the Clear Lake area. Now that ERF Wireless has added the Beacon Network to our growing family of wireless broadband assets, we look forward to quickly integrating all of our Beacon customers into our Bundled Wireless Services division." Smith went on to note that ERF Wireless will, in the near future, be contacting other cities in the area that appear to be good candidates for expanding the company's wireless broadband networks. ABOUT ERF WIRELESS ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas. The company specializes in providing wireless broadband product and service solutions to enterprise, commercial and residential clients on a regional and national basis. For more information, please visit our website at www.erfwireless.com or call 281-538-2101. Forward-looking statements in this release regarding ERF Wireless Inc. and the Beacon Network are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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