SOURCE: AeroGrow International, Inc.

AeroGrow International, Inc.

November 05, 2013 09:00 ET

AeroGrow Launches New Miracle-Gro AeroGarden ULTRA With World's Largest Warehouse Club

BOULDER, CO--(Marketwired - Nov 5, 2013) - AeroGrow International, Inc. (OTCQB: AERO) ("AeroGrow" or the "Company"), which sells the AeroGarden® line of high-output, soil-free indoor gardens, seed kits, and accessory items, announced the launch of the all new Miracle-Gro AeroGarden ULTRA Indoor Garden Bundle in combination with the world's largest warehouse club. 

"We are pleased to announce the new Miracle-Gro® AeroGarden ULTRA Indoor Garden, now selling online with a leading national retailer in an exclusive bundle that will introduce millions of consumers to our unique products just in time for the holidays," said Mike Wolfe, President and CEO of AeroGrow. "With our new Miracle-Gro co-branding, an expanded line of new, improved products and high profile exposure through key national retailers, all supported by our proven Direct-to-Consumer business, we're looking forward to a productive holiday selling season."

The AeroGarden ULTRA is a hi-tech, high-output indoor garden that delivers big yields and fast, healthy plant growth. With dozens of improvements for the 2013 season, the new Miracle-Gro AeroGarden ULTRA uses advanced hydroponics to easily grow fresh herbs, salad greens, tomatoes, flowers and more up to ten times faster than plants grown in soil. The bundle includes the Miracle-Gro AeroGarden ULTRA Indoor Garden, 2 Seed Pod Kits (Herb and Salad), 3 Grow Lights and Liquid Nutrients. The bundle is specially priced and is available now at Costco.com.

In April of this year, The Scotts Miracle-Gro Company ("Scotts") made a significant working capital investment in AeroGrow as part of a far-reaching strategic alliance. The agreement affords AeroGrow the use of the globally recognized and highly trusted Miracle-Gro brand name while also providing AeroGrow a broad base of support in marketing, distribution, supply chain logistics, R&D, and sourcing. 

"The signing of this strategic alliance between AeroGrow and Scotts represents a transformational opportunity for our company, bringing us significant long-term growth potential," said Mike Wolfe, President and Chief Executive Officer of AeroGrow. "The investment by Scotts, combined with the addition of the Miracle-Gro brand to the AeroGarden line and access to Scotts' retail distribution capabilities, delivers AeroGrow immediate access to millions of new consumers. In addition, we'll look to rapidly add new products and new technologies to our line of innovative indoor gardens, giving us the opportunity to add significant value for our shareholders."

About AeroGrow International, Inc.

Headquartered in Boulder, Colorado, AeroGrow International, Inc. is the leader in the rapidly growing indoor gardening market place. With a commitment to "Grow Anything... Anytime... Guaranteed," AeroGardens allow anyone to grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so simply and easily that no green thumb is required. For more information, visit http://www.aerogrow.com.

About ScottsMiracle-Gro

With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro Company (NYSE: SMG), through its wholly-owned subsidiary, The Scotts Company LLC, is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are the most recognized in the industry. In the U.S., the Company's Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S., Scotts operates Scotts LawnService®, the second largest residential lawn care service business. In Europe, the Company's brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène® and Substral®. For additional information, visit http://www.scotts.com.

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements by Mike Wolfe, and/or the Company, statements regarding growth of the AeroGarden product line, ability to raise capital, optimism related to the business, expanding sales, and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market acceptance of the Company's products or the need to raise additional capital. In addition, actual results could vary materially based on changes or slower growth in the indoor garden market; the potential inability to realize expected benefits and synergies; domestic and international business and economic conditions; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of manufacturing capacity; future production variables impacting excess inventory and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings, including in "Item 1A Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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