ERF Wireless Announces New $6 Million WiNet(TM) Contract with Iberville Bank.

Second Wireless Services Contract Adds Additional Recurring Revenue for ERF Wireless

LEAGUE CITY, Texas -- 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 entered into its second ten-year, multi-million dollar WiNet System Agreement this month with a Louisiana bank. This new contract with Iberville Bank in Plaquemine, Louisiana, will utilize the bank's excess bandwidth and wireless infrastructure to provide Wireless Internet Service Products (WISP) to the bank's commercial and retail customers in the Greater Baton Rouge area. The WiNet System Agreement is in addition to the Iberville Bank BranchNet contract signed and announced in 2005 and the Iberville Bank US-BankNet contract announced on July 12, 2007. ERF Wireless plans to operate and support its WiNet product offerings through its Wireless Bundled Services (WBS) subsidiary and estimates its WiNet operations with Iberville Bank will be initiated on September 1, 2007. 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 10% of the gross subscriber revenues as part of the agreement.

John A. Burns, Chairman and CEO of ERF Enterprise Network Services, commented, "Our marketing and sales team continues to do a tremendous job in rolling out and gaining acceptance for our newly announced WiNet product in the banking sector. In addition to delivering secure, high-speed Internet to banking customers, we plan to offer a whole new range of advanced digital applications across the WiNet system during the first year. These digital applications include high-speed access to Internet banking, bill payment, interaction with video tellers in a secure browser session, merchant check capture and commercial cash management systems available from the bank, voice over IP to replace phone lines, alarm systems that transmit video surveillance at the customer's premises to law enforcement when an alarm is tripped, network storage and backup, network access to video cams in their local communities, spam-free email, web hosting, and WiNet hotspots on network located throughout the state for use during emergencies." Mr. Burns concluded, "Because of our strong relationship with their financial institution, we are building a compelling reason for banking customers to purchase their Internet services from ERF Wireless rather than from cable or DSL. We will offer them unique products and services they simply cannot obtain anywhere else."

Larry Melsheimer, President of Iberville Bank, stated, "We are looking forward to converting our investments in BranchNet and US-BankNet systems into an income producing asset. We have hundreds of customers who can use the WiNet service in the various communities we serve, and we are excited about the prospects." Mr. Melsheimer went on to say, "We are going to help ERF Wireless market this to our customer base and help bring our rural Louisiana communities into the 21st century."

Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "Our latest contract with Iberville Bank is a further indication that our strategy to develop four separate and distinct revenue streams from every financial institution that we have a relationship with is working. We start with a BranchNet Agreement, add a US-BankNet Agreement, add a WiNet System Agreement and then complete the process through the long-term sale of additional advanced digital applications to the financial institution and its customers. We are now starting to work with our industry partners to make this model totally scaleable so that we may quickly and effectively expand this business model into other states and, eventually, throughout the country."

About ERF Enterprise Network Services

ERF Enterprise Network Services is an experienced provider of wireless networks throughout rural areas of the U.S. The company and its principals have been in the LAN/WAN, network integration, ISP, Internet banking, encryption technology, and banking software businesses for more than twenty years and have constructed secure, encrypted, wireless broadband networks as well as secure Internet banking solutions and other secure data processing systems for hundreds of banks, primarily in rural communities across America. For more information, please visit http://www.erfwireless.com/enterprise.htm or call 866-352-9533.

About ERF Wireless Bundled Services

ERF Wireless Bundled Services provides a variety of Internet, voice, data, network monitoring and video services across the country, both under the ERF Wireless brand, as well as under the localized branding of other ISP companies that have been acquired. These services are provided to both commercial and retail customers throughout the coverage area where ERF Wireless owns wireless broadband networks, operates wireless broadband networks, or has partnership or revenue-sharing agreements with other wireless broadband network providers. For more information, please visit http://www.erfwireless.com/bundled.htm or call 281-538-2101.

About ERF Wireless

ERF Wireless Inc. is a fully reporting public corporation (OTCBB:ERFW) that specializes in providing secure wireless and broadband product and service solutions to banking and commercial clients on a national and international basis. Its principals have been in the network integration, triple-play FTTH, IPTV content delivery, Internet banking and encryption technology businesses for more than twenty years and have constructed encrypted, wireless broadband networks as well as secure Internet banking solutions for hundreds of banks across America. For more information about ERF Wireless, please visit www.erfwireless.com or call 281-538-2101. (ERFWG)

Forward-looking statements in this release regarding ERF Wireless Inc. and its subsidiaries 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.