ERFB news Sept. 12, 2013 ERF Wireless Provides
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Posted On: 09/12/2013 12:16:35 PM
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ERFB news Sept. 12, 2013
ERF Wireless Provides Positive Financial Guidance to Shareholders in Advance of Third Quarter 2013 Financial Filing
ERF Wireless (OTCBB:ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, announced today that, based on very preliminary revenue estimates for the quarter ending September 30, 2013, coupled with a steadily increasing number of oil and gas rigs being serviced by its Energy Broadband subsidiary, the company anticipates meaningful improvement in its overall revenue growth of approximately 20% for the third quarter as compared to the most recent reported second quarter 2013.
Tim Maxson, COO of ERF Wireless, commented, "Our subsidiary, Energy Broadband Inc., continues to do an outstanding job of expanding its presence in the domestic oil and gas sector. Since the majority of the company's revenues are now derived from the oil and gas industry and that business has continued to expand and generate new high-margin revenues during the current quarter, the company believes it is reasonable to give our shareholders a certain level of positive guidance that the company is successfully executing its business plan in the third quarter. Of course, it is impossible to provide more quantitative results, at this time, such as will be available when the company files its third quarter 2013 financials.
ERF Wireless Provides Positive Financial Guidance to Shareholders in Advance of Third Quarter 2013 Financial Filing
ERF Wireless (OTCBB:ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, announced today that, based on very preliminary revenue estimates for the quarter ending September 30, 2013, coupled with a steadily increasing number of oil and gas rigs being serviced by its Energy Broadband subsidiary, the company anticipates meaningful improvement in its overall revenue growth of approximately 20% for the third quarter as compared to the most recent reported second quarter 2013.
Tim Maxson, COO of ERF Wireless, commented, "Our subsidiary, Energy Broadband Inc., continues to do an outstanding job of expanding its presence in the domestic oil and gas sector. Since the majority of the company's revenues are now derived from the oil and gas industry and that business has continued to expand and generate new high-margin revenues during the current quarter, the company believes it is reasonable to give our shareholders a certain level of positive guidance that the company is successfully executing its business plan in the third quarter. Of course, it is impossible to provide more quantitative results, at this time, such as will be available when the company files its third quarter 2013 financials.
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