SOURCE: URBAN AG Corporation

November 04, 2011 13:51 ET

URBAN AG Names Billy V. Ray Jr. President and Member of Board of Directors

DANVERS, MA--(Marketwire - Nov 4, 2011) - URBAN AG Corporation (PINKSHEETS: AQUM) announced today Billy V. Ray has been elected President by the Board of Directors.

With over 20 years of senior executive experience, Mr. Ray has served in the capacity of Director, Chairman, Chief Executive officer and Chief Financial Officer of several multi-million dollar NYSE, NASDAQ and Over-the-Counter public entities with revenues ranging from $60 to $750 million.

From February 2003 until February 2008 he served as President, CEO and as a member of the Board of Directors for Charys Holding Co., one of the largest international remediation companies, focused on remediation, reconstruction, wireless communications and data infrastructure. Charys grew from start-up to trailing 12-month revenue in excess of $700 million under Mr. Ray's leadership.

Earlier, Mr. Ray served as Chief Executive Officer of Flagship Holdings, Inc. Mr. Ray also served as Vice President of Realm National Insurance Company and was a member of the Board of Directors. He was Executive Vice President of mergers and acquisitions for Bracknell Corporation, a NASDAQ publicly traded company.

From January 1997 to December 2000, Mr. Ray held positions of Chairman, Chief Executive Officer, Chief Financial Officer and consultant of Able telecom Holding Corporation, trading on NASDAQ. During his tenure, revenues grew from under $30 million to over $700 million.

For these and other companies, Mr. Ray raised debt and equity approaching $1 billion and participated in the development and implementation of the companies' strategic plans which included over 65 acquisitions.

Mr. Ray has a B.A. in accounting from the University of North Carolina.


URBAN AG is headquartered at 99 Rosewood Drive, Suite 280, Danvers, Massachusetts 01923.

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