Urbana Corporation

Urbana Corporation

October 05, 2007 13:09 ET

Urbana Corporation Purchases Membership in the Karachi Stock Exchange

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has initiated an ownership position in the Karachi Stock Exchange ("KSE") by purchasing its first seat for the equivalent of CDN$1.7 million.

The KSE was formed in 1947 and is the largest and most liquid exchange in Pakistan. The KSE is a private entity and its membership is fixed at 200 seats.

The Directors of Urbana are appreciative of the efforts of First Dawood Investment Bank in assisting to facilitate this seat purchase.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying seats and shares 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 purchase announced will be completed, or that if completed, such 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.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106
    Website: www.urbanacorp.com