VIENNA, VA – Ariel Way, Inc. has signed a letter of intent to acquire Lime Truck, Inc., a Dallas-based out-of-home advertising company specializing in nationwide advertising, marketing, and public relations campaigns based on mobile advertising trucks (www.limetruck.com). The deal is expected to be accretive to Ariel Way's 2008 earnings with strong EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing within two months. The terms of the transaction were not disclosed.
"Lime Truck is an exciting and burgeoning out-of-home advertising company in a market that is poised to rapidly expand nationwide in the coming years," said Arne Dunhem, chairman and CEO of Ariel Way. "The prospect of having direct access to this advertising operation and its nationwide major clients together with the expert team at Lime Truck is very strategic for us. We believe it will greatly support advertising on our planned Digital Signage Network."











