Urban AG Corp Announces Additional Contracts For B&R Telephone And Terra Asset
Management Subsidiaries Of Green Wire Enterprises
NORTH ANDOVER, Mass., March 22, 2013
NORTH ANDOVER, Mass., March 22, 2013 /PRNewswire/ -- Urban AG
Corp/(AQUM.OTCQB) (the "Company" or "AQUM"), announced today that B&R
Telephone ("B&R") and Terra Asset Management ("TAM") subsidiaries of AQUM's
wholly owned Green Wire Enterprises ("GWE") division has announced a series of
B&R Telephone, based in Corpus Christi, Texas, has been serving the community
of South Texas and the Corpus Christi area for 23 years and provides sales,
service and installation of telephone equipment, paging equipment, network
cabling services (including fiber optics), tower and antenna installations,
and cameras and surveillance equipment. B&R currently performs work for six
out of the seven largest general contractors in the U.S. that provide
telephone/data and equipment installation, maintenance and technical services
to such corporations as WalMart, CVS, Firestone, Radio Shack. Baker-Hughes,
Gulf Marine and the City of Corpus Christi.
B&R's new contracts include additional work for Gulf Marine, Baker-Hughes,
Pioneer Drilling, Nueces County Community Action and WalMart. These contracts
involve cabling, fiber networking and access solutions, telecommunications
services and installation, sales and service contracts. The contracts amount
to approximately $380,000 for the coming year against a projected total
revenue of $1 to $1.2 million.
Terra Asset Management, Inc. ("TAM"), located in Broken Arrow, Oklahoma, is an
established network asset management company with the capacity to build out
the network using existing workforces and subcontractors, and the expertise to
provide diverse services to subscriber companies. TAM already designs and
builds network infrastructure for the largest tech and wireless companies,
including Alcatel-Lucent, Motorola, Sprint, AT&T, Verizon, Starbucks,
Southeast Financial, and Bank Plus. Revenues for TAM are estimated in the
$2-3.5 million range.
East Texas Tower has awarded TAM two new microwave installations ("Microwave
Hops") builds in East Texas; TAM is under way on this deployment. TAM was also
selected again to perform installations for ProComm in Texas; this latest
award is for three new Microwave Hops in the Houston area. ProComm is a
long-term client of TAM.
Green Wire Enterprises, Inc. total operations is projecting an estimated $7
million in revenues for the coming year as it continues to expand its
operations across the U.S. Currently, the estimated backlog of GWE is $5.5
Billy V. Ray, CEO of AQUM stated, "With the long term client relationships
embedded in the GWE subsidiaries, the opportunities to sell new services to
the existing client base is a key component of the AQUM growth strategy."
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 schools in the Texas market.
Contact: Billy V. Ray, Jr
Urban AG Corp. Corporate Office
Email address Investor Relations Department
This news release contains forward-looking statements within the meaning of
Section 37A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve risks and
uncertainties. A number of factors could cause actual results to differ from
those indicated in the forward-looking statements, including the Company's
ability to continue to successfully market and provide its services, maintain
its effectiveness and its customer base and general economic conditions. The
Company undertakes no obligation to publicly update or revise forward-looking
statements whether as a result of new information, future events or otherwise.
SOURCE Urban AG Corp
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