NORTH ANDOVER, Mass., July 23, 2013 (GLOBE NEWSWIRE) -- Urban AG Corp/ (OTCQB:AQUM) (the "Company" or "AQUM"), announced today that its wholly owned subsidiary Green Wire Enterprises, Inc. ("GWE") through its operating unit Green Wire, Inc. ("GWI") is negotiating to provide on site technical support to install a multi agency radio communication network in one of Manhattan, NY's well known building clusters. Green Wire Inc. a qualified DBE will be working with Multiband Corporation to provide resources to complete this installation.
GWE owns a 49% interest in Green Wire, Inc. but under a management agreement controls 51% of the entity and is a key component of the overall strategic plan of AQUM. Multiband Corp. ("Multiband") builds wireless infrastructure for all facets of communication including cellular, broadcast, microwave, two-way and broadband connectivity. Multiband Corp. and GWI will participate in the design and integration of an In Building Wireless Voice and Data system for this project. Through this strategic alliance Green Wire, Inc. expects to develop an ongoing support relationship with Multiband for other telecommunication projects.
Billy V. Ray, Jr., CEO of AQUM stated, "Green Wire's development of a strategic alliance with Multiband brings yet another opportunity for our company to continue its development of a nationwide platform from which it can implement management's vision of providing a complete set of construction path services to our clients."
Marko Mendez CEO of Green Wire, Inc. stated, "With being part of a public company we believe that our ability to capture opportunities that are presented to us will increase exponentially based on the additional resources, management expertise and expanded relationships that exist within the AQUM family."
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.
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.