Energy Broadband Subsidiary Grows Revenue with New Advanced Product
LEAGUE CITY, TX, Sept. 24, 2013 - (Accesswire) - ERF Wireless (OTCBB:ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, announced today that the company has recently acquired and has already put into customer service ten trailer-mounted self-acquiring VSAT (Very Small Aperture Terminal) units to provide high-bandwidth broadband Internet and data communications services to current customers whose oil and gas drilling operations in extremely remote locations are not accessible to the ERF Wireless broadband network system through one of the company's fleet of 134 MBTs (Mobile Broadband Towers). These high-performance VSAT units are owned by ERF Wireless and are operated on one of the world's larger satellite networks.
Tim Maxson, COO of ERF Wireless, stated, "At the request of our oil and gas customers, we've initially provided our self-deploying VSAT service to operators in the new Cline Shale region of the Permian. This play stretches for approximately 1.6 million acres in West Texas and early indications are that demand will remain strong for these units in this play due to a lack of competitive broadband providers as well as EBI's geographical ability to support the customer in one of the largest shale plays ever discovered in North America. We are continuing to listen to our customers and are constantly acquiring additional units to meet our customers' demands. We are leveraging the use of VSATs where our customers operate in extremely remote environments. This adds value to our business due to the virtually parallel revenues our VSAT units contribute. This contribution is significant, stable and has a recurring effect that allows us to gain an economy of scale on our terrestrial network. This of course translates into higher utilization and lower operating costs.
Maxson went on to say, "Although the use of an MBT through ERF's terrestrial network is still the preferred communication method, these premium, self-deploying VSAT units are far superior to the typical smaller VSATs that the oil and gas industry has been using for decades and have technical capabilities that give the customer the best communications possible prior to terrestrial networks being constructed in these extremely remote areas. We look forward to staying ahead of the needs of our customers by providing innovative and secure communications solutions in remote areas that help achieve their goals regardless of where exploration and subsequent operations take them.
The U.S. Energy Information Agency has said the Cline Shale is the largest discovery in the last 50 years in the Permian Basin and could exceed all the oil in Mexico and Venezuela combined, with some predictions that as much as 30 billion barrels of oil could be recovered.
About ERF Wireless
ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of Energy Broadband Inc., ERF Enterprise Network Services, ERF Wireless Bundled Services, ERF Wireless Messaging Services and ERF Network Operations. 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 regarding our products or services please call 1-(888) 770-7052, visit our websites at http://www.erfwireless.com/ and http://www.energybroadband.com/ or call 281-538-2101 to contact the company. (ERFBG)
The information in this release may contain forward-looking statements relating to anticipated or expected events, activities, trends or results. Forward-looking statements can be identified by the use of forward looking terminology such as "believes," "suggests," "expects," "may," "goal," "estimates," "should," "likelihood," "plans," "targets," "intends," "could," or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward-looking statements in this release include, without limitation, the Company's expectations of continued expansion into oil and gas markets and of our terrestrial broadband networks, along with other performance results. These statements are made to provide the public with management's current assessment of our business, and it should not be assumed that that the forward looking statements will prove to be correct. Security holders are cautioned that such forward- looking statements involve risks and uncertainties. The forward-looking statements contained in this release are only as of the date hereof, and we expressly disclaim any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in management's expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this release. Please carefully review our filings with the Securities and Exchange Commission as we have identified many risk factors that impact our business plan.
ERF Wireless Inc.
281-538-2101 ext. 113
Source: ERF Wireless Inc.
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