ERF Wireless Receives New $2 Million Master Lease Line of Credit.

Second Lease Facility With Agility Solutions to Provide Incremental Expansion Capital for Rapidly Growing Wireless ISP Operations

LEAGUE CITY, Texas -- ERF Wireless (OTCBB:ERFW), a provider of enterprise-class wireless and broadband products and services, announced today that its ERF Wireless Bundled Services subsidiary has entered into a new $2 million Master Lease Agreement with Agility Ventures LLC to provide incremental expansion capital for its growing wireless ISP operations. This new credit facility is in addition to the previously announced $1 million Master Lease Agreement with Agility Solutions Corp.

Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "This new leasing facility with Agility Ventures will enable us to continue the rapid growth ERF Wireless is experiencing in the wireless broadband networks we've acquired, including our most recent acquisition of Momentum Online that added over 2,500 customers and $1.2 million in recurring annual revenue while operating in five counties in Central Texas, including Llano, Burnet, Gillespie, Blanco and Comal counties. This acquisition, along with others we've recently completed, is enabling ERF Wireless to quickly become one of the larger wireless broadband operators in the country. This new source of capital will also facilitate financing the additional wireless broadband equipment requirements that are created when we expand our service area footprints in markets where our banking network subsidiary has sold BranchNet networks. This will include new bank sales as well as the 10-year WiNet[TM] System Agreements with Iberville Bank, operating in the Baton Rouge and surrounding markets, and First Federal Bank of Lake Charles, operating in the western, central and southwest Louisiana markets."

Bill MacNamara, VP of Business Development at Agility Ventures, stated, "We are pleased to provide a new $2 Million lease facility to ERF Wireless, following the initial $1 Million lease facility with our predecessor fund announced by ERF Wireless in July 2007." MacNamara added, "ERF Wireless is one of the premier companies among our growing portfolio of wireless broadband operators and we are looking forward to a long and mutually profitable relationship." Agility's unique combination of offerings allows wireless operators the ability to eliminate the capital constraints on growth, which are almost universally experienced in this market.

R. Greg Smith, CFO of ERF Wireless, commented, "Having Agility as a financing partner has allowed us to aggressively pursue the acquisition of strategically located, profitable wireless broadband networks and add subscribers without being concerned about how to finance the required incremental equipment. Agility's expansion capital will also expedite the acquisition of additional networks that we anticipate announcing in the company's fourth quarter, as well as the construction of enterprise-class wireless broadband networks in underserved parts of the country."

About Agility Ventures

Agility Ventures LLC specializes in financing and consulting for the wireless broadband market. Founded by owners and managers of successful Wireless Internet Service Providers (WISPs) and equipment finance companies, Agility offers a compelling value proposition for manufacturers, distributors and users of wireless technology. Headquartered in Prescott, Arizona, Agility makes equipment and the funding to pay for it available to WISPs through its unique leasing and financing offerings. For more information on Agility Ventures, please visit their website www.agilityventures.com or call 928-541-0771.

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 their website at 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. 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.