ERF Wireless (ERFW) Improves Balance Sheet and Operations in Preparation of Further Expansion
ERF Wireless, provider of wireless and broadband solutions to enterprise, commercial and residential clients on a regional, national and international basis, announced after the closing bell today that its financial and operational posture has undergone significant improvement. These positive changes come as the company's Energy Broadband subsidiary experiences a significant increase in customer requests for service throughout North American oil and gas markets as well as internationally. The recent sale of two of the ERF Wireless WISP networks not only resulted in more than three million dollars of liquidity, but also significantly reduced ERF Wireless' overall employee payroll costs, bandwidth…