SOURCE: Urban Communications Inc.

Urban Communications Inc.

May 12, 2016 07:00 ET

Urban Communications Inc. Appoints Capital Markets Veteran, Michael Horowitz, to Board of Directors

Wall Street and Bay Street Veteran Will Prove Invaluable to the Board and Company as It Accelerates Its Capital Expansion Plans

VANCOUVER, BC--(Marketwired - May 12, 2016) - Urban Communications Inc. (TSX VENTURE: UBN), one of the country's first telecommunications companies to deliver Gigabit Internet service to the home, today announced Mr. Michael Horowitz has joined the Company's board of directors.

Mr. Horowitz has over two decades experience providing strategic and capital markets advice to senior executive management teams across North America, and has been involved in more than $3 Billion in cumulative transactions at firms including BMO Capital Markets, CIBC World Markets, Raymond James, and Cormark Securities.

Michael is the founder and current principal of MHI Finance Corporation, a private Toronto-based merchant banking firm specializing in venture debt funding.

With the addition of Mr. Horowitz, the number of independent directors on Urban's' board has increased to three of the six directors.

"The leadership team and board at Urban is very pleased to have Michael join the board of directors," said John Farlinger, Urban Chairman of the Board and CEO. "Michael brings energy and a wealth of capital markets experience, finance expertise and business acumen to Urban. We look forward to his insight and to his contribution to the continued growth of Urban."

Urbanfibre residential Internet at 1,000 Mbps and unlimited data transfer is the fastest residential Internet available in Canada and more than 50 times faster than average. Priced at $79/month it is the overall best value price and performance offering available anywhere. Urbanfibre is unique in delivering symmetrical residential speeds -- 1,000 Mbps download and upload -- which allows customers to get more out of the Internet: stream more video, upload and share more photos faster, play more online games, all worry free and at the same or lower cost than the typical slower services currently offered by other providers.

For more information about Urbanfibre Gigabit Internet or to request service in your building, please visit www.urbanfibre.ca.

ABOUT URBAN COMMUNICATIONS INC.

Urban Communications Inc. (TSX VENTURE: UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its 300 km. state-of-the-art carrier grade fibre optic network in Metro Vancouver and Victoria to commercial, residential and public sector customers. 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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