Business News • MarketWire • ERF Wireless Confirms All Outstanding Convertible Debt Now Paid in Full |
ERF Wireless Confirms All Outstanding Convertible Debt Now Paid in Full |
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ERF Wireless Confirms All Outstanding Convertible Debt Now Paid in Full
LEAGUE CITY, TX--(Marketwire - August 5, 2010) - ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless broadband products and services, announced today that the company has repaid all of its outstanding convertible debt as of close of business August 4, 2010. As reported in its 10-Q for the first quarter of 2010, the company received approximately $600,000 USD in financing through convertible debentures with several institutional investors during the first quarter of 2010. Since that time, the company has worked to repay that debt, while continuing to execute its business plan for overall revenue growth. In particular, ERF Wireless Oil & Gas Services, the company's oil and gas services division, continues to gain substantial sales momentum and is currently working to finalize contracts with multiple customers, including some high-profile Fortune 500 companies.
View More : http://www.marketwire.com/mw/release.do?id=1300507&sourceType=3
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