Vertility Energy Corp.

September 13, 2011 12:10 ET

Vertility Energy Corp. Enters Into Agreement to Acquire Apollo Power & Light, LLC

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2011) - Vertility Energy Corp. is pleased to announce that it plans to acquire Apollo Power & Light ("APL"). The acquisition is expected to close on or before November 1, 2011. APL provides electricity to the Texas Consumer Energy Market.

"The sale of Apollo Power & Light to Vertility Energy Corp, and subsequent financial backing, is pivotal to enabling our accelerated growth and market consolidation strategy," said Brian Bolinger CEO of Apollo. "Vertility Energy Corp. and its affiliated companies will provide Apollo with the financial platform to acquire additional customers through organic growth as well as growth through acquisition. Apollo has identified several key acquisition targets that are expected to be accretive immediately upon closing. The Vertility Integrated Solutions operating platform enables our entire back office and call center to scale at a lower cost-basis, driving greater cash flow which enables us to grow quickly with minimal incremental overhead. We are delighted to be part of the group."

John Simmonds, CEO of Wireless Age added, "The Texas Energy market is ripe for consolidation and itself has undergone significant changes including mass implementation of smart meter technology. We are very pleased to have Brian and his team join the Vertility Energy Team."

Again, the acquisition is conditional on the Public Utility Commission's approval.

About Vertility Energy Corp:

Vertility Energy Corp through its planned Merger into Wireless Age, brings together technologies and companies focused on innovative and cutting edge energy and environmental solutions. Business lines range from the marketing and installation of energy efficient household products, to the design, manufacture, and installation of waste handling and remediation systems. Wireless Age is positioned to benefit from the momentum building in the rapidly growing "green" and "renewable energy" marketplace.

About Apollo Power & Light.

Apollo Power and Light is a Retail Electric Provider (REP) in the Texas Energy Market focussed on serving a mix of prepaid, post paid and commercial customers. Prepaid customers are in abundance in the Texas Energy market serving those customers who have difficult credit situations.

Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

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