This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Urban AG Corp Announces Execution Of Master Service Agreement With One Of The Nation's Largest Communication Solution Providers Bringing Estimated Backlog In Excess Of $10 Million

Stocks in this article: AQUM





NORTH ANDOVER, Mass., April 3, 2013 /PRNewswire/ -- Urban AG Corp/ (OTCQB: AQUM)    (the "Company" or "AQUM"), announced today that its wholly owned subsidiary Green Wire Enterprises, Inc. ("GWE") has entered into a Master Service Agreement ("MSA") with one of the largest end-to-end communications solutions providers in the United States.  Under the Master Service Agreement, GWE is to provide microwave installation, cellular tower construction, technician support and telecommunication/ network deployment construction and maintenance services for carriers and for equipment manufacturers such as AT&T, Alcatel Lucent, Verizon, Ericson and Motorola.

The initial construction services will be centered in the Midwestern region of the USA, encompassing the states of Texas, Missouri, Arkansas and Oklahoma.   The Company anticipates expanding throughout the USA over the term of the contract.   GWE estimates generating $1.5 million in the first twelve months of operations, growing to a rate of $3.5 to $4.5 million per year over the deployment period.  Management also anticipates other network deployment opportunities to become available through this new client.   With the addition of the MSA and the recently-announced contract awards to TAM and B&R, the combined Company backlog is estimated in excess of $10 million.

Billy V. Ray, Jr., CEO of AQUM, stated: "We are excited about this opportunity with Goodman Networks.  It will allow us to grow our business nationwide and allow us to utilize the management expertise recently acquired in the Green Wire Enterprise, Inc. transaction.  The MSA and the recently-announced contracts awarded to B&R Telephone and TAM are examples of the success that our management's efforts are producing.  The footprint expansion and service expansion are other steps in the implementation of the AQUM 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  P: 770-910-5380 E: billyvrayjr@aqumcorporate.com Urban Ag Corp. Corporate Office P: 800-692-1357 Email address Investor Relations Department:  Investorrelations.391998@onebox.com

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs