NORTH ANDOVER, Mass., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Urban AG Corp. (OTC:AQUM) (the "Company"), announced today that Terra Asset Management, Inc. ("TAM"), an operating unit of its wholly-owned subsidiary Green Wire Enterprises, Inc., has commenced site audit for the microwave expansion project for a tier one carrier in Ohio, Michigan, and Indiana.
The original award of the project was to install 28 microwave sites. TAM will now be installing 30 sites and to date has completed 25 site audits. The Company expects to be awarded all radio and tower for this tier one carrier in the Ohio, Michigan, and Indiana markets and is negotiating for an exclusive arrangement for installation of antennas and tower construction in the tri-state area. TAM is a leading provider of integrated network solutions for the wireless telecommunications industry, providing end-to-end communication solutions enabling carriers, service providers, and enterprise customers to deliver content to any type of user.
Billy V. Ray, Jr., CEO of Urban AG Corp stated, "Site audits so far have gone smoothly and thanks to our management team at TAM, we have been able to expand our existing projects as well as our opportunities with the carrier. Installation is scheduled to begin this week. We expect these projects to have a positive impact on our fourth quarter results of operation."
Green Wire Enterprises' operating subsidiaries serve a wide customer base that includes telecom customers such as Verizon, Motorola, Alcatel-Lucent, Time Warner and general contractors serving national 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.
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.