Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Urban AG Corp. Announces Criteria For Acquisitions

NORTH ANDOVER, Mass., Jan. 9, 2013 /PRNewswire/ -- Urban AG Corp. (OTCQB: AQUM) (the "Company"), announced today that the Company has initiated its "acquisition model" for future potential acquisitions.  The announcement was made by Chairman of the Board Marshall Sterman, who described the model in the following letter to shareholders:

Thoughts from Our Chairman:

I would like to have our shareholders, and those potential investors who will take the time to do their own due diligence, understand and hopefully appreciate our investment rationale, as well as those guiding principles that we trust will enable us to build a successful public company.

In Urban AG (AQUM), we believe that there is a significant and growing market in several areas under the general heading of construction infrastructure;  these can be remediation projects as simple as asbestos abatement or brownfields cleanup, or the deconstruction of oil rigs and other work platforms.  Also we have capability of being enablers of major field work for telecommunications and other technology activities. There are untold small companies serving this market who have an opportunity to grow substantially if given the money and in some cases guidance to exploit this potential.  We are uniquely positioned to play this role through acquisition.

Unlike other roll-ups, however, we believe in empowering entrepreneurs to continue to build on their success by becoming "partners" so that the incentives for the founders remain at the individual company subsidiary level and not at the parent.  Each acquisition must be responsible for its own success and as such are not "carried" by other acquisitions working under the Urban-AG public company platform; nor are they penalized by others who do not perform. This is accomplished by providing an incubator approach to acquisitions whereby the acquired company's owners can add to their equity positions through performance gains or, if they choose to, under a predetermined formula. This allows compensation to be based on the degree of their "success".   From an Urban- Ag shareholder point of view, we have minimized our portfolio risk substantially. We have not subsidized failure or under performance by giving up our stock, and we have limited fallout by keeping each acquisition as a separate entity under the parent (Urban-AG), thus eliminating additional liability.  

This also presents the possibility of demonstrating, in the stock market, that the sum of the parts is worth more than the whole.  It is the Thermo-Electron model where a successful subsidiary can be spun out into the public market and its shareholders are then made up of the shareholders of Urban-AG.  This is our intent, although we cannot either guarantee that our subsidiaries will get to this stage or that if spun out they will be trading at an advantageous valuation.  This is the road we intend and expect to travel.          

Using a combination of Historical and Projected financial statements, the Company develops a purchase scenario encompassing expected market cap, industry comparison, and various other valuation methods that are centered on the asking price of the seller. These parameters are measured over an eighteen to twenty-four month period with applicable Make Whole Payments or Claw back provisions being applied at the end of the measurement period.   If all the projections are met, the seller gets the price negotiated and that AQUM agreed to pay based on the performance criteria that the seller established. If they are not met, then the price is adjusted at every level of payment.  If the performance is damaging the shareholder value of AQUM, then AQUM can initiate the spin out; likewise, if AQUM can recognize more shareholder value in a spin out, that can be initiated as well.  

This unique philosophy and method of acquisition will be the center piece of the future acquisitions of AQUM. We anticipate this cornerstone of our business strategy to allow us to meet our objectives for 2013 through acquisitions and the resulting integration of like-minded entrepreneurs.

Thank you,

Marshall Sterman

Contact: Billy V. Ray, Jr
Phone:   770-910-5380
E-mail: 
 billyvrayjr@aqumcorporate.com

Urban AG Corp. -- Corporate Office

Phone:    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.

SOURCE Urban AG Corp.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
Dell and Red Hat Inc. have announced the availability of co-engineered, enterprise-grade, private cloud solutions based on OpenStack, the Dell Red Hat Cloud Solution, powered by Red Hat Enterprise Linux OpenStack Platform. The companies also have extended their collaboration to enable...
Last week was a crazy week for information security. That's probably also the understatement of the year. With the public exposure of Heartbleed, everyone was talking about what to do and how to do it to help customers and the Internet, in general, deal with the ramifications of such a...
Jelastic on Tuesday announced support for multiple ISV software packages in Jelastic’s products for enterprises, hosting service providers and developers. This support is achieved using OpenShift by Red Hat’s pluggable Cartridge standard, allowing those developers to build application ...
Red Hat on Monday announced OpenShift Marketplace, a one-stop shop that will enable customers to find and try solutions for their cloud applications. The OpenShift Marketplace will bring the power of Red Hat's OpenShift Platform-as-a-Service (PaaS) partner ecosystem directly to OpenShi...
ActiveState on Monday announced that Bernard Golden has joined the company as Vice President of Strategy. Named in Wired.com as one of the ten most influential people in cloud computing, Bernard has extensive experience working with organizations to help them adopt and integrate cloud ...
IBM has identified mobile devices, cloud computing and four other trends that are looking to shape the federal information technology of the future, according to Jane Snowdon, director and chief innovation officer at IBM Federal. In an op-ed for Federal Times, Snowdon writes that mbil...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE