LEAGUE CITY, Texas, July 16, 2013 (GLOBE NEWSWIRE) -- ERF Wireless Inc. (OTCBB:ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's subsidiary Energy Broadband has, over the past two quarters, entered into a significant number of multi-year fixed-site contracts with oil and gas related customers that are expected to generate almost one million dollars of revenue in their first year and range from two to five years in duration. These contracts are for fixed-site wireless broadband data services over the Energy Broadband wireless network in the Eagle Ford Shale, as well as associated engineering services during their installation. Wireless services that are being provided include data transport for hundreds of production well site collection points, commercial field offices and storage sites located throughout the Eagle Ford Shale region of South Texas. As part of this series of multi-year contracts, Energy Broadband will also be responsible for providing the wireless system hardware, trained technicians for managing and performing all installations, and testing of the total end-to-end data connectivity.
According to Tim Maxson, COO of ERF Wireless, "These fixed-site contracts all utilize the recently completed South Texas wireless network resources of the Energy Broadband subsidiary of ERF Wireless. This extensive wireless network is also currently providing wireless services to a significant number of active drilling rigs using our mobile broadband trailer ("MBT") nomadic service solution. The fixed-site contracts that we have been signing up are in addition to this standard MBT service offering and they are generating a separate monthly recurring revenue stream for each location on multi-year contracts. In addition, each fixed site also generates one-time revenue for installation. The fixed-site revenue stream recently added in the Eagle Ford Shale and other regions is rapidly elevating our fixed-site revenues into a significant component of our overall oil and gas revenue. Energy Broadband is currently adding new fixed-site service locations on a regular basis as new oil and gas customers begin to realize the extensive capabilities of the Energy Broadband wireless network in the Eagle Ford Shale."
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