/ CORRECTION - ERF Wireless Reports 212% Six-Month Increase in Revenues in the Company's Oil and Gas Energy Broadband Inc. Subsidiary as Compared to the Same 2010 Period
ERF Wireless Year-to-Date Results Include Revenue of $2,441,000, a $2.0 Million Improvement in Liquidity, a 78% increase in Gross Profit With a 29% Decrease in Operating Expenses and a Positive Adjusted EBITDA of $1.136 Million for the First Six-Month Period Ended June 30, 2011
(firmenpresse) - LEAGUE CITY, TX -- (Marketwire) -- 08/23/11 -- In the news release, "ERF Wireless Reports 212% Six-Month Increase in Revenues in the Company's Oil and Gas Energy Broadband Inc. Subsidiary as Compared to the Same 2010 Period," issued earlier today by ERF Wireless Inc. (OTCBB: ERFWD), we are advised by the company that the subhead is corrected to read as above showing corrected Year-to-Date Revenues of $2,441,000 as reported in the company's quarterly financial report filed on Form 10-Q with the Securities and Exchange Commission. The $1,311,000 amount previously reported is second quarter revenue only.
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 and or call 281-538-2101. (ERFWDG)
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.
Contact:
ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
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Datum: 23.08.2011 - 10:54 Uhr
Sprache: Deutsch
News-ID 1033067
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Oil & Gas
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