LEAGUE CITY, Texas, April 29, 2013 (GLOBE NEWSWIRE) -- ERF Wireless (OTCBB:ERFB), a provider of enterprise-class wireless and broadband products and services, announced today that during the first quarter of 2013 company officers and directors have secured an initial round of debt and equity financing that totals approximately $1,665,000. This financing was secured from various funds, high-net-worth individuals and E-Bond purchasers.
According to Dr. H. Dean Cubley, CEO of ERF Wireless, "This round of financing provides adequate capital for the near-term growth needs of the company and will allow ERF Wireless to continue executing its business plan in the first portion of 2013. Additional rounds of financing currently being negotiated should also allow ERF Wireless to achieve the majority of its 2013-2014 objectives of growth and profitability."
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, please visit our websites at http://www.erfwireless.com/ and http://www.erfwireless.net/ or call 281-538-2101. (ERFBG)
This press release contains forward-looking statements. 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 filings with the Securities and Exchange Commission.
CONTACT: ERF Wireless Inc. Clareen O'Quinn 281-538-2101 ext. 113 firstname.lastname@example.orgSource:ERF Wireless Inc.