ERF Wireless Receives Reseller Status from Eagle Broadband to Sell SatMAX Units into Regional Banking and Other Markets
May 17 2006 - 9:05AM
Business Wire
ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class
wireless broadband products and services and Eagle Broadband Inc.
(AMEX:EAG), a national provider of broadband, Internet protocol
(IP) and communications technology and services, today announced
that the two companies have entered into a contract whereby ERF
Wireless will begin reselling Eagle's SatMAX(TM) advanced Iridium
satellite communications system to the ERF Wireless customer base.
Under the terms of the agreement, ERF Wireless can offer the
product to any of their regional banking or other customers
throughout the entire United States market area effective
immediately. The SatMAX is an advanced communications system that
enables users to quickly and easily make fully wireless, satellite
voice and data communications available from any non-line-of-sight
location. The SatMAX creates a satellite communications "hotspot"
that enables fully wireless coverage for multiple concurrent users
in any non-line-of-sight environment. With the SatMAX, users of the
Iridium satellite network can now use their existing satellite
phones or data terminals to make multiple concurrent calls within
SatMAX-enabled "hotspot" areas from anywhere on Earth. Dave Micek,
CEO of Eagle Broadband Inc., commented, "Our reseller agreement
with ERF Wireless allows Eagle Broadband to enter a niche market
area that Eagle has not yet tapped-- namely, the regional banking
industry. Regional banking has many of the disaster recovery and
associated communications requirements that the SatMAX system was
designed to address. ERF Wireless is already experiencing success
selling secure communications products into the banking industry.
We believe that our association with ERF Wireless will bring the
value of SatMAX to a new market segment and can be very rewarding
for both companies." R. Greg Smith, CEO of ERF Wireless, noted,
"The SatMAX system is an ideal product to add to our Enterprise
Network Services subsidiary encrypted wireless wide-area network
(WAN) offering to the regional banking industry. All of the banks
are extremely focused on secure communications with disaster
recovery. Any product that addresses these issues should receive
quite a bit of attention. We plan to immediately begin making
SatMAX available as a part of our banking industry sales effort. In
addition, ERF Wireless is also involved in a number of large
municipal and other enterprise-class deployments and we plan to
introduce SatMAX into those applications where appropriate." John
Burns, CEO of the ERF Wireless Enterprise Network Services
subsidiary, commented, "ERF Wireless provides banks with the next
generation of communications networks through our BranchNet
Enterprise Network solutions. The SatMAX product of Eagle Broadband
appears to fit nicely into the disaster recovery part of such a
network to provide an uninterrupted source of voice communications
between key bank officials when other voice circuits have failed in
an emergency. The high-speed telecommunications infrastructure
networks for banks being implemented by ERF Wireless provide both
redundancy and expansion of computer LAN and WAN technology, while
allowing banks to own or lease their own networks versus making
expensive, never-ending payments to traditional telecommunications
providers. The SatMAX product will add that final level of
redundancy that many of the banks are requesting." Burns went on to
note that the demand for retail banking products, redundancy,
disaster recovery, item imaging, image clearing, fast Internet
access and bank security is on the rise. "Our target is the 1,732
community and regional financial institutions in the U.S. that have
assets up to $10 billion and an average of 18 branch locations,"
said Burns. "We believe that SatMAX is an appropriate addition to
the disaster recovery plan for many of these financial intuitions."
About ERF Wireless ERF Wireless Inc. is a fully reporting public
corporation located in League City, Texas. The company is a leader
in providing wireless broadband product and service solutions to
banks, enterprise customers, commercial and residential clients on
a regional and national basis. For more information, please visit
our website at www.erfwireless.com or call 281-538-2101. To
automatically receive periodic company information that has
appeared in the media, please visit our website and join our opt-in
Investor Information Program. (EAGWG) About Eagle Broadband, Inc.
Eagle Broadband is a technology company that develops and delivers
products and services in three core business segments: IPTV,
non-line of sight satellite communications, and managed services.
Eagle's IPTV products provide direct access to more than 200
channels of high-demand programming from popular entertainment
providers, often using Eagle's high-definition set-top boxes. Eagle
Broadband's SatMAX(TM) provides indoor/outdoor communications
utilizing the global Iridium-based (http://www.iridium.com)
satellite communications system and offers both fixed and mobile
solutions, including the emergency first responder SatMAX(TM)
Alpha's "SatMAX in a suitcase" technology. Eagle's Managed Services
Division supports its IPTVComplete(TM) and SatMAX products and
implements a range of other Internet-related technologies,
including WiFi and VoIP solutions. Forward-looking statements in
this release regarding ERF Wireless Inc, its Enterprise Network
Services subsidiary, and Eagle Broadband Inc. 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.
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