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Exhibit 99.1
FOR IMMEDIATE RELEASE
ERF WIRELESS RESTRUCTURES AND SUPPLEMENTS MANAGEMENT TEAM TO ACCOMMODATE FASTER
GROWTH
ERF WIRELESS MOVES FOCUS FROM PRODUCT DEVELOPMENT TO GROWTH AND FULL PRODUCTION
LEAGUE CITY, Texas, Mar 24, 2008 (BUSINESS WIRE) -- ERF Wireless (OTCBB:ERFW), a
leading provider of enterprise-class wireless and broadband products and
services, announced today that it has made a number of key personnel
reassignments and additions in recognition of the company's growth and its
recently announced intention to move its core wireless bank model from the
development stage into full production status. Also central to the decision to
make these personnel changes has been the rapid growth of the WISP (Wireless
Internet Service Provider) products and services that the company currently
offers in Texas, Louisiana and New Mexico.
According to Dr. H. Dean Cubley, CEO of ERF Wireless, there have been a number
of personnel reassignments and additions in the company's Enterprise Network
Services (ENS) subsidiary dictated by the rapid growth of the company's
commercial and retail wireless Internet business that now serves some 10,000
customers throughout three states, as well as the company's growing
full-production requirements. In addition to "going live" in the next few of
weeks with one of the major bank projects that began in calendar 2007, ENS is in
the process of kicking off three new projects in early 2008 and is expecting to
close a number of banking network projects in multiple states in 2008.
o As previously announced, Mike Jones, the former CTO of Broadwing, has
joined ERF Wireless as a Director as well as a consultant to assist in
the ENS operational and technological transitions.
o Greg Smith will move from his current position as CFO of ERF Wireless
to become the CEO of the ENS subsidiary where he'll provide the
day-to-day direction of the new ENS production rollout. Smith will also
continue to be in charge of all ERF Wireless acquisitions.
o Mike Moehle will continue to anchor ENS Sales and Marketing as EVP.
With more than 18 years experience as an executive in the
communications industry, Mike plays a critical role as the primary
contact for ENS customers and prospects.
o John Nagel will head up Engineering Planning to provide front-end sales
support engineering.
o Troy Butaud will be responsible for engineering statements of work.
o ENS has hired Israel Bocanegra, formerly with Broadwing, to head up the
operational aspects of all new bank installations.
o Reflecting the growing interest of the CryptoVue(R) network appliance
as a stand-alone security product for non-bank applications, John Arley
Burns will head up a new non-bank CryptoVue sales and marketing
initiative as well as the continuing CryptoVue R&D efforts. Burns will
also serve as the ENS CTO.
o John Adrian Burns, the former ENS CEO, has elected to leave his
position as ENS CEO, as well as his board position, for personal
reasons.
Dr. Cubley went on to note that the company has named Robert `Bobby Mack'
McClung as Executive Manager to oversee WISP operations as well as WiNet
products and services that are sold jointly with regional banks. "Bobby Mack
joined the management team last year when he sold his company, Momentum Online,
to ERF Wireless and he's done an outstanding job managing our Central Texas WISP
operations," said Dr. Cubley. "In his new position, Bobby Mack will continue to
manage our day-to-day Central Texas WISP operations. He'll also provide overall
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operational management for all of our other WISP regions. Finally, he'll
coordinate with corporate-level personnel to assure the successful
implementation of the WiNet model in each of the bank locations where ERF
Wireless is providing that service in partnership with the banks."
The company also announced that Richard R. Royall has joined ERF Wireless as the
new CFO, filling the vacancy created when Greg Smith accepted the position of
CEO of the ENS subsidiary. Royall will also become an ERF Wireless Director,
following his confirmation by the stockholders. Royall has been a Certified
Public Accountant since 1972 and has concentrated his accounting expertise in
Securities and Exchange registrations and filings, including the implementation
of SOX 404 compliance. Royall has been a public company CFO and Director in the
past with more than eight years of direct experience.
Dr. Cubley concluded, "The changes noted above reflect our preparation of the
company for the next round of growth. Our management and staff have accomplished
a great deal in a very short period of time and I've challenged our new
organization to continue the pace of growth we've established over the past few
years."
ABOUT ERF ENTERPRISE NETWORK SERVICES
ERF Enterprise Network Services is an experienced provider of encrypted wireless
networks throughout rural areas of the U.S. The company and its principals have
been in the LAN/WAN, network integration, ISP, Internet banking, encryption
technology, and banking software businesses for more than 20 years and have
constructed secure, encrypted, wireless broadband networks as well as secure
Internet banking solutions and other secure data processing systems for hundreds
of banks, primarily in rural communities across America. For more information,
please visit their website at http://www.erfwireless.com/enterprise.htm or call
866-352-9533.
ABOUT ERF WIRELESS
ERF Wireless Inc. is a fully reporting public corporation (OTCBB:ERFW) that
specializes in providing secure wireless and broadband product and secure
service solutions to banking and commercial clients on a national and
international basis. Its principals have been in the network integration,
triple-play FTTH, IPTV content delivery, and Internet banking and encryption
technology businesses for more than 20 years and have constructed encrypted,
wireless broadband networks, fiber-to-the-home projects, as well as secure
Internet banking solutions for hundreds of banks across America. For more
information about ERF Wireless, please visit www.erfwireless.com or call
281-538-2101. (ERFWG)
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
coquinn@erfwireless.com