ERF Wireless Ranked 337th Fastest Growing Technology Company in North America on Deloitte's 2011 Technology Fast 500(TM)
Company Plans Listing Application to AMEX or NASDAQ Exchange as Soon as Market Capitalization Threshold Is Achieved
(firmenpresse) - LEAGUE CITY, TX -- (Marketwire) -- 10/24/11 -- ERF Wireless (OTCBB: ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced today that it has been notified that it is ranked number 337 on Deloitte's 2011 Technology Fast 500™, an annual ranking by Deloitte LLP of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings were based on percentage of fiscal year revenue growth during the five-year period from 2006-2010. ERF Wireless grew 245 percent during this period.
ERF Wireless also indicated that, based on the recent progress it has achieved in improving operating performance and the current trading range of its common stock, the company plans to submit a listing application to either the AMEX or NASDAQ Exchange as soon as all listing requirements are met. In particular the market capitalization requirement is the only listing criterion that ERF Wireless has not already achieved or has the means to achieve at the point of submitting the application. The company believes that operating on a major securities exchange will significantly improve the liquidity of its common stock and afford all of its stockholders the best opportunity for value appreciation.
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year (2006) operating revenues of at least $50,000 USD or CD, and current-year (2010) operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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. (ERFBG)
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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.
Contact:
ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
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Datum: 24.10.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 79181
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LEAGUE CITY, TX
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Oil & Gas
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