ERF Wireless Inc. (OTC: ERFW), Gains More than 64% in the Last Three Trading Sessions

(January 14, 2011) Shares of ERF Wireless Inc. (OTC: ERFW), a League City, Texas-based company, soared in trading on Friday, ending the day 20.33% higher at $0.0361.

In the last three trading sessions, the ERF Wireless Inc. stock has gained 64.09%. In the last one month, the stock is up an impressive 161.59%.

Earlier this week, ERF Wireless announced that the company’s patent attorney received communication from the U.S. Patent Office. The U.S. Patent Office informed the company that the second patent it had previously applied for has been approved. The patent relates to the other features of the CryptoVue® encrypted device. The Patent Office said that patent will be issued as soon as proper forms are submitted for the same.

For the third quarter of 2010, the company reported total net sales of $1,436,000, down 5% over the third quarter of 2009. The 5% year-over-year decrease in sales was primarily due to a $171,000 decline in traditional wireless broadband services partially offset by a $137,000 increase in broadband services from oil and gas deployments of the company’s Mobile Broadband Trailers.

About ERF Wireless Inc.: ERF Wireless Inc. is a provider of high-capacity wireless products and services to variety of customers. The company operates through its subsidiaries.

• The ERF Wireless Inc. stock has a 52-week range of $0.01-$0.26.
• The stock trades on a daily average volume of 2.77 million.
• The stock is currently trading above its 50-day and below its 200-day moving average.
• The stock’s MACD has crossed the signal line on the upside and is above the zero-line, which are strong bullish signals.

Summary

ERF Wireless Inc. has seen positive developments in the recent past. It reported strong third-quarter financial results..