Urban Communications Inc.

Urban Communications Inc.

April 21, 2008 06:00 ET

Urban Communications Inc. Announces Appointment of Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - Urban Communications Inc. (TSX VENTURE:UBN) is pleased to announce the appointment of Murray J. Klippenstein as Chief Executive Officer, effective April 21, 2008. As part of a progressive management reorganization, Mr. Klippenstein has also been appointed CEO of the Company's service provider subsidiaries, Urban Networks Inc. and Imagen Communications Inc. Leslie E. Maerov, the Company's current Chief Executive Officer, will resign his position as Chief Executive Officer but retains the key role of President. Clifford Bouillet will continue to serve as Chief Operating Officer of Urban Communications Inc. and its subsidiaries.

Mr. Klippenstein brings with him 30 years experience in executive positions in Canada and the United States, predominantly in technology and satellite broadcasting industries. Formerly a Vice-President of Marketing and Sales for American Express, he was also an original founder of Expressvu in Canada and served as founding President & CEO of one of the first digital satellite television networks in the world, AlphaStar Television Network, based in Stamford CT. As Executive Vice-President & COO of New York based SkyView World Media, a producer and distributor of international television, radio and Internet content, he forged a partnership with DirecTV to become the largest MDU entertainment provider in the United States. He has been featured in 'Leaders' magazine, and was voted one of the world's 20 most influential satellite industry executives in 1999. Most recently, he has led the Vancouver Practice of The Osborne Group, a national management consulting and interim executive firm.

The addition of Mr. Klippenstein's experience and marketing-driven management approach, in concert with Mr. Maerov's formidable process management skills and Mr. Bouillet's deep and widely respected industry experience creates a solid management foundation to execute on the Company's potential. More importantly, the expansion of this new management team signals the Company's commitment to the aggressive pursuit of growth.

"We have laid the groundwork and are positioned to exploit our technological advantage in the market, and Murray is the right person to lead that charge. He has the experience, the credentials and, most importantly, the proven leadership success that will give all of our stakeholders the confidence that we are executing our plan," said Mr. Maerov.

Mr. Klippenstein states, "This Company's value has not been fully appreciated. The market's hunger for more bandwidth, more compelling content and better customer service is growing at an exponential rate, and there is only one company in this market with the communications infrastructure that is ready and able to meet those needs today and into the future: Urban Communications. I'm tremendously excited to be leading this talented and dedicated team of people. Watch this space!"

About Urban Communications Inc.

Urban Communications Inc., through its operating subsidiaries, is a full service telecommunications company providing a range of next generation IP application services to residential and commercial clients in British Columbia. The Company's services include developing and operating leased fibre optic networks, engineering design and construction of advanced telecommunications systems to facilitate delivery of video, telephone and broadband Internet services, outside plant and maintenance of the networks plus product sales. Urban Communications is a telecommunications integration company providing end-to-end, turnkey services to meet the demands of its diverse, national telecommunications customers who require the full scope of fibre, cable and wireless technical services. Urban Communications can deliver cost effective media rich solutions via state-of-the-art carrier grade infrastructure designed to reach both residential and business consumers.

Except for historical information contained herein, the statements in this news release contain or may contain forward-looking statements, such as statements regarding Urban Communications Inc.'s future growth and profitability, growth strategy and anticipated trends in the industries in which Urban Communications Inc. operates. These forward-looking statements are based on Urban Communications Inc.'s current expectations and are subject to a number of risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements made by Urban Communications Inc. in this news release. These risks and uncertainties include, among other things, raising significant investment capital, locating and retaining senior technical and financial expertise, customer loyalty, demand for services, market competition and other risks detailed in documents filed with the TSX Venture Exchange or British Columbia Securities Commission. Urban Communications Inc. does not undertake any obligation to revise these forward-looking statements to reflect future events or circumstances.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Urban Communications Inc.
    Chris Hilliard
    Senior Vice-President
    (604) 439-8539
    Email: lemaerov@ubn.ca
    Urban Communications Inc.
    Nancy Massicotte
    Investor Relations
    (604) 507-3377
    Email: nancy@ubn.ca
    Website: www.ubn.ca