ERF Wireless Signs Agreement to Acquire The Door Wireless Broadband Operations.Acquisition Adds One of Texas' Largest WISPs with Approximately 25,000 Square Miles of Wireless Coverage to Company's Secure Bank Network Strategy 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) ), the nation's leading provider of secure wireless networks for the regional banking industry, announced today that it has completed the acquisition of the wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 assets and operations of Southwest Enhanced Network Services An umbrella term for advanced communications services. Until the mid-1990s, everybody knew what "enhanced services" meant. They were voicemail, "one number follow me," prepaid calling card or voice-actuated call control, all offered by a carrier or service provider in a circuit-switched , LP, (dba The Door to the Internet, "The Door"), a wireless broadband affiliate of Windstream Corporation. The all cash transaction closed on December 15, 2006, and includes all of the current customers and network infrastructure equipment including approximately 59 towers. The Door acquisition provides ERF Wireless access to a large geographic area adjacent to Lubbock, Texas “Lubbock” redirects here. For other uses, see Lubbock (disambiguation). Lubbock is the 10th-largest city in the state of Texas.[1] Located in the northwestern part of the state—a region known historically as the Llano Estacado , and the surrounding Panhandle and New Mexico communities. The acquisition covers approximately 25,000 square miles of coverage area with a population of more than 400,000 businesses and residents. According to H. Dean Cubley, 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, the acquisition of The Door network is the sixth wireless network acquired by ERF Wireless over the past two years. "We plan to integrate The Door into our ERF Wireless Bundled Services Inc. subsidiary and pursue capturing additional market share in their strategically located territories across West Texas. This acquisition complements our already growing Central and South Texas networks that now cover thousands of square miles from Central Texas to the Texas Gulf Coast." Cubley added, "We believe that The Door has built a first-class network and has achieved a solid reputation with its existing customer base of more than 1,500 customers and over $1,000,000 of recurring annual revenue. With the strength of our operations and support teams behind the foundation built by The Door, coupled with an underserved geographic territory, we believe that we can achieve market share increases with both commercial and residential customers that should positively respond to the advantages of secure wireless broadband communications and other services. This is in addition to the support capability that The Door will bring to our future bank customers that will be added in this region." R. Greg Smith, CFO See Chief Financial Officer. of ERF Wireless, commented, "The acquisition of strategically-located profitable wireless broadband networks is an essential part of the company's core business plan of generating recurring revenues through the acquisition and/or construction of enterprise-class wireless broadband networks in underserved parts of the country. Additionally, as a part of our wireless offering to the regional banking industry, we are focusing on acquiring profitable networks in strategic locations that will allow the company to provide support and technical expertise to the financial institutions that the company is currently or expects to be serving." John A. Burns This article covers the Governor of Hawaii. For other people with the same name see John Burns (disambiguation) John Anthony Burns (March 30, 1909–April 5, 1975) served as the second Governor of the state of Hawaii from 1962 to 1974. , COO of ERF Wireless, stated, "Our acquisition of The Door is a part of the company's overall business strategy to align an ERF Wireless WISP operating network around each of our BranchNet Banking customers so we can market additional ERF Wireless products to the bank's customer base. Execution on this strategy is making it possible for ERF Wireless to achieve its plan to capture a substantial share of the $9 billion secure wireless market for community, regional and nationwide financial institutions in the U.S." About ERF Wireless ERF Wireless Inc. is a fully reporting public corporation (OTCBB:ERFW) that specializes in providing secure wireless broadband product and secure service solutions to banking and commercial clients on a national basis. Its principals have been in the network integration, Internet banking and encryption technology businesses for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. 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 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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