Urbana Corporation
TSX : URB.A

Urbana Corporation

December 08, 2009 16:52 ET

Urbana Corporation Purchases Additional CBOE Membership

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the Chicago Board Options Exchange ("CBOE"), a private entity.

The cost of this purchase is US$2.5 million.

Urbana now holds a total of 24 CBOE memberships currently valued at CDN$69.488 million or 41% of the company's investment portfolio.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying memberships in private and public securities exchanges in North America and around the world.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that the membership purchase announced will be completed, or that if completed, such membership purchase will be a profitable investment for Urbana. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

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