Tuesday, May 19, 2009

ERF Wireless (ERFW.OB) Adds Energy Sector Expert Douglas Gibson to the Team

Today, ERF Wireless, a leading provider of enterprise class wireless products and services, announced that Douglas S. Gibson, a world-class energy industry consultant, will be joining the ERF Wireless team.

“We’re very pleased that Douglas has agreed to join the team,” stated John Nagel, CEO of the Oil & Gas Division of ERF Wireless. “We are confident that the experience he brings, both in terms of business strategy and energy consultation, will have a tremendous impact on both our immediate and long-term goals. He has operated between the oil centers of the world seeking the best and latest energy-related technologies, partnering with companies with flair and vision as well as building several successful start-ups of his own. He will round out ERF Wireless’ already outstanding team that is in place executing on our oil and gas business plan.”

Gibson has demonstrated profitable results in company start-ups, development of corporate strategy, international selling and negotiations, and overall technology development. In the mid-1990’s Gibson founded Petrosol, which generated more than $110 million in total sales through 2002. In 2000, Petrosol became a partner of Sensa, a company focused on developing fiber optic sensing technologies for use within the oil and gas industry. Schlumberger later acquired Sensa in 2001.

“I have been sitting back and watching ERF Wireless for a while now and am very impressed with the direction they are taking,” commented Mr. Gibson. “Three years ago, John Nagel and I first discussed the communications needs of the oil and gas sector. Since then, ERF Wireless has methodically and successfully positioned themselves as the leader of wireless broadband in this sector. The Digital Oilfield needs ERF’s wireless broadband network in order to fulfill its goal of real-time communications. ERF Wireless has taken the provisioning of high-capacity bandwidth to a whole new level. This has created a real step change from traditional VSAT communications. I see a company vision here that is driving towards great success on a global basis. I am very excited about this new opportunity.”

Dr. H. Dean Cubley, CEO of ERF Wireless, added, “We have been working hard on propelling our oil and gas business forward. ERF recently signed an exclusive agreement with Schlumberger for delivery of wireless broadband services throughout North America. Adding Douglas to our team will add invaluable knowledge and networking capabilities to this energy market that holds so much potential for our company.”

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