DALLAS, March 24, 2021 /PRNewswire/ — ERF Wi-fi, Inc. (OTC GREY: ERFB) ERF Wi-fi, Inc. introduced in the present day that the Board of Administrators has voted to make use of Dr. H. Dean Cubley as its interim Chief Govt Officer and appoint Dr. H. Dean Cubley as Board Chairman each efficient instantly because of the current passing of its present CEO and Chairman Dr. John Barnett. Dr. Cubley was the founding father of ERF Wi-fi, Inc. in 2004 and served as its CEO and Chairman for over 10 years earlier than retiring in 2017. As well as, whereas there may be no assurances, ERF Wi-fi, Inc. administration intends to recruit different seasoned enterprise executives to function new impartial members of the Board of Administrators in addition to new administration workforce members to assist information the corporate enterprise technique.
Dr. Cubley mentioned, “I’m pleased to have the chance to once more be part of the ERF Wi-fi, Inc. workforce and have agreed to steer the Firm within the path of trying to as soon as once more, in the long run, turning into a totally reporting SEC public firm with a purpose to improve shareholder worth and transfer the Firm enterprise technique ahead.”
The Board of Administrators has voted so as to add extra impartial Board Members and to empower administration to find and make use of auditors and attorneys to take all the mandatory steps to re-register ERF Wi-fi, Inc. with the SEC on a totally reporting foundation. Whereas this course of is going down, the Firm shall be taking lively measures to return to present absolutely reporting standing on the OTC Markets buying and selling platform by assembly all public disclosure necessities. Firm administration has just lately engaged members of the brokerage group to file the mandatory documentation to try to as soon as once more provoke quotations and full buying and selling of the ERF Wi-fi, Inc. widespread inventory on OTC Markets following the unlucky buying and selling halt initiated by premature and inaccurate data within the Firm’s press launch of January 28, 2021. The correction to this press launch was issued on February 5, 2021, however sadly the buying and selling halt had already been initiated requiring the submitting of a brand new 15c-211 utility by a dealer agency for buying and selling permission with the regulatory authorities to be restored. Nonetheless, no assurances may be offered as to realization or timing.
The operational enterprise technique of ERF Wi-fi, Inc. will proceed to be centered on exploring oil and fuel alternatives by means of its wholly owned subsidiary Zona Sources, Inc. Zona Sources, Inc. focuses on the placement, acquisition and potential improvement of oil and fuel properties, in addition to different vitality associated actions which acquires oil and fuel belongings within the Permian Basin. The progress being made on this entrance shall be reported in future press releases in addition to disclosure data offered by means of OTC Markets. Administration will even be exploring a doable itemizing on the Canadian Change sooner or later along with its U.S. buying and selling actions, in addition to different associated new enterprise alternatives which can be presently presenting themselves and can report on these actions in future press releases as they’re developed.
About ERF Wi-fi, Inc.:
ERF Wi-fi, Inc. (www.erfwireless.com), based in 2004 as a “Important Communications Infrastructure Firm”, has lengthy been related to the vitality sector by and thru its provision of wi-fi web and different companies within the exploration, drilling, and manufacturing phases of oil and fuel. All financials related to the wholly owned Zona Sources, Inc. oil and fuel operations shall be consolidated into the general public ERF Wi-fi, Inc. holding firm financials and can be anticipated to be mirrored in its widespread inventory valuation for its public stockholders.
Ahead-Wanting Statements:
This press launch incorporates forward-looking statements that contain quite a few dangers and uncertainties. These forward-looking statements usually are recognized by the phrases “consider,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “potential,” “plan,” “could,” “ought to,” “will,” “would,” “shall be,” “will proceed,” “will seemingly consequence,” and related expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions and, because of this, are topic to dangers and uncertainties, together with these associated to COVID-19. Precise outcomes, efficiency or achievements might differ materially from these anticipated in such forward-looking statements because of sure elements, together with these set forth within the Firm’s filings with OTC Markets. Besides as required by regulation, we assume no obligation to replace these forward-looking statements, even when new data turns into out there sooner or later.
SOURCE ERF Wi-fi, Inc.
Associated Hyperlinks
http://www.erfwireless.com