LEAGUE CITY, TX, United States, via ETELIGIS INC., 11/12/2014 – – ERF Wireless Inc. (OTCQB: ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced that it is continuing the process begun on November 3, 2014, to negotiate and pay off a significant portion of its convertible debt utilizing the initial funding under a new non-convertible funding program announced on November 5, 2014. As of the date of this press release, ERF Wireless, Inc. has completed the repayment and termination of the first three convertible debentures and is currently in negotiations with multiple others that are expected to be repaid pending final negotiated agreements. This repayment of convertible debentures is part of an overall ERF Wireless Inc. balance sheet restructuring process announced early in 2014 that was begun with the sale of a majority of the ERF Wireless residential wireless business line and was quickly followed by the payoff of the company’s Senior Lender. Other balance sheet restructuring activities are currently under way and will be reported as they are completed.
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 Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. 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, please visit our websites at www.erfwireless.com, www.energybroadband.com and www.erfwireless.net or call 281-538-2101. (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 negatives 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
Financial Relations Firm:
Mirador Consulting LLC
SOURCE: ERF Wireless, Inc.