|From: wallstreetguru (Rep: 0)||Date: 2011-12-13 11:00:25|
|Forum: TheLion.com Central - Thread #673334443||Msg #470 - Part 1/1 (Rec: 0) |
LEAGUE CITY, TX--(Marketwire -12/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that senior banking executive Thomas Wiedebush has become the newest member of the ERF Wireless Board of Directors.
"Tom has an exceptional track record in the banking industry and has demonstrated vision and leadership throughout his career, with particular emphasis on strategic planning, business development and acquisition integration," said Dr. H. Dean Cubley, CEO of ERF Wireless. "We believe his presence on our Board will give the company added depth in developing the business and financial strategies that will help accelerate the growth ERF Wireless has been experiencing over the past several months in our oil and gas sector business. We also believe his extensive marketing and customer relations insights in the banking community will give our Enterprise Network Services team valuable guidance in expanding our existing banking customer networks as well as acquiring new regional financial institution customers."
Mr. Wiedebush's impressive resume includes serving as Chief Operating Officer of Stearns Financial Services, a $1 billion diversified financial organization, and as Group Executive - Western Region of Marquette Banks, a $6 billion bank with operations in eight states.
Dr. Cubley went on to note that Mr. Wiedebush is the second of three independent directors required prior to submitting a listing application to either the AMEX or NASDAQ Exchange. Once a third independent director is found and the other listing requirements are achieved, ERF Wireless will apply to operate on a major securities exchange, a move expected to significantly improve the liquidity of its common stock and give stockholders the best opportunity for value appreciation. The company anticipates these conditions could be met in early 2012.
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.
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