ERFW Wireless Posts 526% Increase in Q2 Revenue
Shares of ERF Wireless Inc. (OTCBB: ERFW) are up 8 cents, or 12 percent, to 73 cents this morning as shareholders chew on news that the company obtained a 526 percent increase in revenue for the second quarter of 2007, as well as a reduction in net loss. In a statement today, the company reported its revenue at $2.4 million, up from $387,000 the same period last year. The company partially attributed the increase to its progression with its El Dorado Golf and Beach Club project in San Jose del Cabo, Mexico. "I am pleased with the results that our…