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Urban AG Corp. Announces Closing Of Green Wire Enterprises, Inc. Acquisition



 Urban AG Corp. Announces Closing Of Green Wire Enterprises, Inc. Acquisition

PR Newswire

NORTH ANDOVER, Mass., Feb. 1, 2013

NORTH ANDOVER, Mass., Feb. 1, 2013 /PRNewswire/ -- Urban AG Corp. (OTCQB:
AQUM) (the "Company" or "AQUM"), announced today that the Company has
completed the acquisition of Green Wire Enterprises, Inc. ("GWE"). The
acquisition of GWE is the first using the acquisition model developed to
ensure that the purchase price as adjusted for Make-whole payments and
claw-back provisions is commensurate with actual future performance. Projected
Average Revenue and Net Income over the measurement period of eighteen months
used to calculate the initial purchase price was $6 million and $550,000.00
respectively.  GWE operates primarily in the Southwestern United States
serving the Telecom market but has contracts with major telecommunication
companies and general contractors in other locations within the United States
providing comprehensive telecommunication construction and installation
services for data, voice, broadband Internet, and wireless projects.   

Billy V. Ray, Jr. CEO of the Company stated, "With the addition of Green Wire
Enterprises, Inc. and its three operating subsidiaries, led by Terra Asset
Management and Green Wire, AQUM has taken
an important step in the implementation of its business strategy on several
different levels. The Board of Directors and Management of AGUM and GWE are
excited about the opportunities that this transaction affords the combined
entity."

GWE's operating subsidiaries serve a wide customer base that includes Telecom
customers such as Verizon, Motorola, Alcatel-Lucent, Time Warner and General
Contractors serving customers such as Wal-Mart, CVS and Gulf Marine. The
subsidiaries also network and design services to a multiple of state and
county government agencies, colleges and school in the Texas market.

Contact: Billy V. Ray, Jr.
P: 770-910-5380
E: billyvrayjr@aqumCorp.orate.com

Urban AG Corp. Corporate Office

P: 800-692-1357

Email address Investor Relations Department
Investorrelations.391998@onebox.com

SOURCE Urban AG Corp.
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