ERFB 1$ Price Target News Out @.086 , CEO Gives A

LEAGUE CITY, TX--(Marketwired - Nov 6, 2013) - ERF Wireless Inc. (OTCQB: ERFB), the operator of the nation's largest terrestrial  wireless broadband network servicing the domestic oil and gas sector, today announced that its management team believes the company's public stock has dramatically declined over the past several weeks due to the neutral outcome of its recent arbitration with Schlumberger, and that this one-time event is placing an unnecessary temporary burden on all ERF Wireless stockholders. Because ERF Wireless has been, and continues to be, a vigorous and growing terrestrial wireless  broadband company, the management team is of the opinion that the company's current valuation is unrealistically low and could be at least  $1.00 per share if stockholders should take into consideration the ERF Wireless on-going performance and the historical facts summarized below.

• ERF Wireless, Inc. ----2011
  
  
  
  • Annual Revenue-- $5.320M
  
  
  • Fully diluted public market cap --$31.683M
    
    
    
    • Wireless Messaging Service --$.022M
    
    
    • Enterprise Network Services---Annual Revenue --$. 407M
    
    
    • Wireless Bundled Services---Annual Revenue --$2.178M
    
    
    • Energy Broadband, Inc.--Annual revenue --$2.713M
    
    
    
    
  
  
  
  

• ERF Wireless, Inc. ----2012
  
  
  
  • Annual Revenue --$ 7.328 M
  
  
  • Fully Diluted Public Market Cap --$14.053M
    
    
    
    • Wireless  Messaging Service --$.0 23M
    
    
    • Enterprise Network Services---Annual Revenue --$.380M
    
    
    • Wireless Bundled Services---Annual Revenue --$ 2.283M
    
    
    • Energy Broadband, Inc.--Annual revenue --$ 4.642M
    
    
    
    
  
  
  
  

• ERF Wireless, Inc. ----2013
  
  
  
  • Final results to be reported after year end in the 10K for 2013
    
    
    
    • No major changes from 2012 Business Plan
    
    
    • Continued emphasis on growth of oil and gas business