ERF Wireless Balance Sheet Restructuring Begins---Major Items Completion Expected Before End of September
-Paying down and eliminating a significant amount of company debt to clean up the balance sheet and to reduce interest and other capital costs as well as to significantly reduce the debt-based growth of the outstanding common stock.
-Continuation of our ongoing program to eliminate unnecessary cost and to improve operational efficiencies.
-Complete the sale of certain of our wireless networks that are non-core to our oil and gas business for additional improvement of our balance sheet, debt repayment, and for expansion of our oil and gas business.
-Possible investment in/from, or partnering with, other innovative technology companies to increase
-Continue to work toward meeting the requirements for an up-listing to one of the national markets to improve stockholder value.
-Continue to execute operations in all business segments with a plan to achieve cash flow positive and profitable operations in the year 2014.
About ERF Wireless
Disclaimer: Forward Looking Statements
The information in this release may contain forward-looking statements relating to anticipated or expected events, activities, trends or results. Forward-looking statements can be identified by the use of forward looking terminology such as "believes," "suggests," "expects," "may," "goal," "estimates," "should," "likelihood," "plans," "targets," "intends," "could," or "anticipates," or the negatives thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward-looking statements in this release include, without limitation, the Company's expectations of continued expansion into oil and gas markets and of our terrestrial broadband networks, along with other performance results. These statements are made to provide the public with management's current assessment of our business, and it should not be assumed that that the forward looking statements will prove to be correct. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this release are only as of the date hereof, and we expressly disclaim any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in management's expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this release. Please carefully review our filings with the
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Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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