SOURCE: Urban Communications Inc.

Urban Communications Inc.

June 11, 2015 08:20 ET

Urban Communications Inc. Announces Resignation of CFO and Appointment of New CFO

VANCOUVER, BC--(Marketwired - June 11, 2015) - Urban Communications Inc. ("Company") (TSX VENTURE: UBN), one of the country's first telecommunications companies to deliver Gigabit Internet service to the home, announces that Chris Convey has resigned as Chief Financial Officer to move back to his native U.K., and Julie van Baarsen has been appointed acting Chief Financial Officer effective May 31, 2015.

Julie van Baarsen is an effective leader and accounting professional with particular experience in public company reporting, IFRS, internal controls and auditing. She was most recently Vice President Finance of Teliphone Navigata-Westel Communication Inc., integrating several acquisitions. She was also Chief Financial Officer of Petaquilla Minerals Ltd., a mining company listed on the TSX. She has had a variety of public accounting practice positions, consulting engagements and other responsible positions for public companies over her 23 years as a chartered accountant.

John Farlinger, CEO of the Company, said, "Ms. van Baarsen is a welcomed addition to the team. She is a seasoned chartered accountant with significant telecommunications and entrepreneurial experience. I also want to thank Chris Convey for his diligence, hard work and drive in assisting in the corporate reorganization of Urban. He will be missed and we wish him well on his new initiatives as they develop back in the U.K."

ABOUT URBAN COMMUNICATIONS INC.

Urban Communications Inc. (TSX VENTURE: UBN), through its operating subsidiaries, is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its state-of-the-art carrier grade fibre optic network to commercial, residential and public sector customers. The Company's fibre optic network covers 200 km across metro Vancouver and Victoria and has a potential serviceable market of 850,000 residential units and 80,000 commercial enterprises. Urban has recently launched high-speed internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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