ERF repays convertible debenture issued in 2005 PIPE

By Laura Lutz

Des Moines, Sept. 11 - ERF Wireless paid off the $365,548 balance of a convertible debenture held by Global Capital Funding Group, LP, according to a company news release.

The debenture was issued in the principal amount of $1.5 million on Sept. 13, 2005.

"I believe that the company has progressed to the point where it needs to explore more conventional forms of debt and equity financing in the future as the opportunities and needs arise," H. Dean Cubley, chairman and chief executive officer of ERF, said in the release.

ERF is a wireless and broadband technology company based in League City, Texas.

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