ERF Wireless, Inc. Forms New Subsidiary to Acquire Oil and Gas Assets
February 21, 2020 at 11:28 am EST
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ERF Wireless, Inc. announced that the board of directors have voted to form a new wholly owned private Texas subsidiary corporation named Zona Resources, Inc. The purpose of this new subsidiary will be to provide ERF Wireless, Inc. with a wholly owned private subsidiary focused primarily on the location and acquisition of oil and gas properties, as well as other energy related activities. ERF Wireless, Inc. has long been associated with the oil and gas industry through its provision of wireless internet and other services in the exploration, drilling, and production phases of oil and gas. The new Zona Resources, Inc. wholly owned private subsidiary will provide ERF Wireless, Inc. with still another energy industry tool, as it will allow ERF the ability to profit from the oil and gas lease and property phase of that industry. Initially Zona Resources, Inc. will focus on acquiring oil and gas property in the Permian Basin, but expects to be active in other oil and gas regions of the United States in the future.
ERF Wireless, Inc. is a critical infrastructure communications service company, primarily operating in the enterprise vertical market sector of North American rural broadband. The Company provides wireless and other communications products and services to a spectrum of customers in underserved rural and suburban areas. The Company operates through four divisions: Energy Broadband, Enterprise Network Services Division (ENS), Wireless Bundled Services (WBS) Division and Network Operations Division. The Company provides broadband services, as well as basic communications services to residential, commercial, oil and gas, banking, healthcare and educational customers in those areas that are unable to receive such services. The Company is a solutions provider to other enterprise customers, providing them with a range of communications services, including high-speed broadband, and Voice over Internet Protocol (VoIP) telephone and facsimile service.