ERF Wireless announced earlier today that its subsidiary has completed and initiated services on a BranchNet encrypted enterprise-class wireless banking network for West Texas State Bank. The wireless network connects the West Texas State Bank Operations Center located in Odessa, Texas, with all five of its branch locations in Monahans, Kermit, Midland and Odessa, Texas.

“West Texas State Bank is going to be amazed by the speeds generated by this network,” commented Jay Bilden, Senior Vice President of Engineering and Network Operations for ERF Wireless. “This is now one of our model networks and it empowers West Texas State Bank to not only deploy data-intensive applications, but also voice and video technologies which will bring efficiencies to almost every facet of their business. This network will also accommodate the bank’s growing broadband needs for many years to come and will result in a substantial decrease in their network operating costs.”

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Today before the bell, ERF Wireless, Inc. and Schlumberger announced that they have signed an exclusive agreement for delivery of wireless broadband services throughout North America. As terms of the agreement, Schlumberger will exclusively resell wireless broadband and WiMAX terrestrial communications products and services from ERF Wireless in the North American oil and gas market.

“This joint contract with ERF Wireless provides Schlumberger with the ability to deliver cost effective ubiquitous communications to the oil and gas industry in the ERF Wireless coverage areas,” stated Slavo Pastor, vice president, Schlumberger Information Solutions, North America. “This will increase real-time activities and collaboration between remote sites and office-based asset teams.”

John Nagel, CEO of the ERF Wireless Oil and Gas Services subsidiary, commented, “The new Schlumberger and ERF Wireless broadband service empowers energy companies to execute on their digital oilfield initiatives. We’re proud to be working with Schlumberger to increase productivity, safety