ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
coquinn@erfwireless.com
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Contact: ERF Wireless Inc. Clareen O'Quinn 281-538-2101 ext. 113 coquinn@erfwireless.com |
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LEAGUE CITY, Texas, May 18, 2009 (BUSINESS WIRE) -- ERF Wireless (OTCBB:ERFW), a leading provider of enterprise class wireless products and services, announced today that a world-class energy industry consultant will be joining the ERF Wireless team. Douglas S. Gibson has entered into a relationship with the company effective April 1st.
"We're very pleased that Douglas has agreed to join the team," said John Nagel, CEO of the Oil & Gas Division of ERF Wireless. "We are confident that the experience he brings, both in terms of business strategy and energy consultation, will have a tremendous impact on both our immediate and long-term goals. He has operated between the oil centers of the world seeking the best and latest energy-related technologies, partnering with companies with flair and vision as well as building several successful start-ups of his own. He will round out ERF Wireless' already outstanding team that is in place executing on our oil and gas business plan."
Gibson has an impressive resume of profitable results in company start-ups, development of corporate strategy, international selling and negotiations, and overall technology development. In the mid-1990's Gibson founded Petrosol, generating over $110 million in total sales through 2002. Petrosol, in 2000, became a partner of Sensa, which developed revolutionizing fiber optic sensing technologies for use within the oil and gas industry. Schlumberger acquired Sensa in 2001.
"I have been sitting back and watching ERF Wireless for a while now and am very impressed with the direction they are taking," commented Gibson. "Three years ago, John Nagel and I first discussed the communications needs of the oil and gas sector. Since then, ERF Wireless has methodically and successfully positioned themselves as the leader of wireless broadband in this sector. The Digital Oilfield needs ERF's wireless broadband network in order to fulfill its goal of real-time communications. ERF Wireless has taken the provisioning of high-capacity bandwidth to a whole new level. This has created a real step change from traditional VSAT communications. I see a company vision here that is driving towards great success on a global basis. I am very excited about this new opportunity."
More recently, as founder and CEO of Fotech Solutions Limited, Gibson led the company in the raising of $13 million of private equity investment from Scottish Equity Partners, Energy Ventures and the Saudi Arabia-based Shoaibi Group. Fotech is developing patented fiber-optic acoustic and pressure sensor equipment for the oil and gas and security industries. Gibson also held the CEO position at Vibtech, a supplier of seismic recording systems to the oil and gas industry, where his charge was to build the company for sale. This resulted in a successful exit for $65 million in 2006.
Dr. H. Dean Cubley, CEO of ERF Wireless, noted, "We have been working hard on propelling our oil and gas business forward. ERF recently signed an exclusive agreement with Schlumberger for delivery of wireless broadband services throughout North America. Adding Douglas to our team will add invaluable knowledge and networking capabilities to this energy market that holds so much potential for our company."
A proven innovator, Gibson has designed several electronic engineering products and continues to play a vital consulting role in the energy sector, having served both the U.S. and Venezuelan governments. Gibson holds the distinction of being the first foreign national to become a consultant to the Venezuelan Minister of Energy and Mines in 1997. He has also served as Consultant to Executive Management at British Telecom. From his early days in the oil and gas industry, Gibson has worked for Dresser Atlas, Halliburton, Geosource, and Western Atlas.
About ERF Oil & Gas Services Division
The ERF Oil & Gas Services Division of ERF Wireless provides a variety of wireless broadband products and services to the oil and gas industry. ERF Oil &Gas Services delivers real-time data by providing high-speed Internet bandwidth from 1 Mbps to 5 Mbps to drilling sites, pump jacks, production facilities, separation plants, pipeline facilities and tank batteries. ERF Wireless owns and operates one of the largest wireless broadband networks in the U. S. that covers a large percentage of the oil and gas production regions in Texas, New Mexico and Louisiana enabling Exploration and Production company customers to realize the objective of providing their senior executives dashboards of knowledge mined from critical real time data thus providing these companies improved decision making and more efficient work flow.
About ERF Wireless
ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Oil & Gas Services, ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services, and ERF Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than 40 years. For more information, please visit our websites at www.erfwireless.com and www.erfwireless.net or call 281-538-2101. (ERFWG)
Forward-looking statements, including projections, in this release regarding ERF Wireless Inc. and its Oil & Gas Services Division are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
SOURCE: ERF Wireless
ERF Wireless Inc.
Clareen O'Quinn, 281-538-2101 ext. 113
coquinn@erfwireless.com
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Tim Clemensen, 212-843-9337
Rubenstein Investor Relations
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