ERF Wireless, Inc. Announces Name Change and New Business Model
ADDISON, TX, Aug. 09, 2018 (GLOBE NEWSWIRE) -- ERF Wireless, Inc. (OTC PINK: ERFB), today announced that the board of directors and major shareholders have voted to bring in a new management team and to change the company name to Oz Oil and Gas, Inc. We are pleased to announce the exciting new direction of the Company and its future development.
The Company has actively begun to pursue an exciting new direction to improve shareholder value and to provide a base on which we can realize expansion and reintroduction of our existing lines of business. Management believes this has created an optimal atmosphere in which to build long-term growth for the Company.
Careful consideration, planning and organization over the last few months have been expended toward expansion of the ERF business model, with a new concentration in the oil and gas industry.
The Board thanks the Company’s shareholders for their patience as they continue to build on both existing and new strategies that will provide better value for its shareholders. The Board is confident that this new refocused direction will supplement our existing business, while presenting the Company with new opportunities for growth of shareholder value.
ERF Wireless (www.erfwireless.com) was founded in 2004 as a “Critical Communications Infrastructure” company applying advanced wireless broadband technology and other communications technology to a select suite of enterprise, commercial and retail critical communications needs. ERF has historically offered high-speed wireless broadband products and services to specialized critical communications needs, such as banking, healthcare, education and oil and gas.
Forward Looking Statements:
This press release contains forward-looking statements that involve numerous risks and uncertainties. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with OTC Markets.