(Dallas, TX. – September 22, 2011) StockGuru Shines its Spotlight on ERF Wireless (OTCBB: ERFB), a leading provider of enterprise-class wireless broadband products and services. The Company issued an update yesterday regarding the previously announced decision to issue a dividend to ERF Wireless shareholders of up to 5% of the existing common stock in Energy Broadband, the company’s wholly owned oil and gas private subsidiary. Previously, ERF Wireless announced that for each 200 shares of ERF Wireless common stock, or preferred stock convertible into 200 common shares, that a shareholder owns as of September 30, 2011, the shareholder will receive one unit of Energy Broadband securities consisting of 100 Energy Broadband common shares, one warrant to purchase 100 shares at a fixed price of $4.00 per share and one warrant to purchase an additional 100 shares at a fixed price of $6.00 per share. The purpose of this press release is to provide more details regarding the actual dividend process.
The Company closed on September 21, 2011, at $3.33, trading in a fifty-two week range of $26.00 – 0.25.
If you are an ERF Wireless shareholder holding your shares in a brokerage account and you are a non-objecting beneficial owner, you will not have to take any action to receive your units. You will receive your units based on the number of full 200-share increments of ERF Wireless you hold in your account as of the record date. The units will be sent to the address on the account unless you instruct us otherwise in writing. If you are holding your shares in certificate form, you will receive your units based on the transfer agent record of the number of shares you own at the address in that record unless you instruct us in writing otherwise. If you are an objecting beneficial owner holding your shares in a brokerage, you must submit written proof to ERF Wireless of your ownership as of the record date and provide us with current contact information so that we may send you your units. If you have shares in more than one account under exactly the same name, they may be combined for the purpose of the dividend. However, accounts in different names or with another person will be treated as separate accounts.
It is anticipated that most stockholders will receive their units within 90 days of the record date, unless we are unable to contact you at the address in our records. If you do not receive your units within 120 days following the record date and you believe you are qualified to receive units, please contact us at the official address shown below. All distributions of dividend units will be completed within 180 days following the record date and no requests that are received after that date can be honored.
For more information regarding the products and services of Energy Broadband, including their capabilities in the oil and gas industry, please visit the new Energy Broadband website at www.energybroadband.com. This website includes the coverage in the Eagle Ford Shale region, as well as coverage planned in other oil and gas regions in North America. Potential customers requiring more detailed information or a quotation for product or services should contact the Energy Broadband sales staff at 888-770-7052. If you need to contact us regarding your units, please mail to ERF Wireless Inc., Attn: Unit Distribution, 2911 South Shore Blvd., Suite 100, League City, Texas 77573.
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 http://www.erfwireless.com/ and http://www.erfwireless.net/ or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. and Energy Broadband 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.
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