ERF Wireless (ERFW.OB) Shares Climb 50 Percent
ERF Wireless Inc. (OTCBB: ERFW) shares jumped 31 cents, nearly 50 percent, to 92 cents yesterday, reeling from an early morning announcement regarding its Wireless Internet Service Products (WISP).Today the wireless and broadband provider announced that its subsidiary, ERF Enterprise Network Services, completed a three-year testing and certification process to deliver WISP across a financial institution's BranchNet system as well as its U.S.-BankNet infrastructure. In a statement, John Burns, chairman and CEO of ERF Network Services, said WiNet can generate millions in revenue over the duration of a few years. "A typical WiNet system deployed across a financial institution's encrypted…