SOURCE: Urban Communications Inc.

Urban Communications Inc.

October 08, 2015 15:27 ET

Urban Communications Inc. Appoints New Director of Business Development

VANCOUVER, BC--(Marketwired - October 08, 2015) - Urban Communications Inc. (TSX VENTURE: UBN), one of the country's first telecommunications companies to deliver Gigabit Internet service to the home, announced that Steve Reddy has been appointed Director of Business Development.

Mr. Reddy is a highly experienced, revenue focused business development executive with particular experience in telecom, high-speed Internet and satellite TV industries. Steve's past experience includes Agent Sales Director for Bell ExpressVu and Major Accounts Executive with Rogers Communications Inc. where he worked with property developers, owner groups and strata corporations across the Lower Mainland of BC and Victoria to build out high speed Internet and TV services. Mr. Reddy's success includes contracts with most of the major Multiple Dwelling Unit (MDU) buildings across the Lower Mainland representing 100,000's of residences.

Mike Schmidt, President of the Company, said, "Steve is a welcome addition to the team. He brings a wealth of experience and existing relationships with property developers and property management companies, which are key partners for us as we extend our network reach."


Urban Communications Inc. (TSX VENTURE: UBN) 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 200 km. fibre optic network spans metro Vancouver and Victoria and has a potential serviceable market size of 850,000 residential units and 80,000 commercial enterprises. Urban recently launched its high-speed Internet service to residential and commercial subscribers on its network at 1,000 Mbps (1Gbps) and has plans to grow to 2,000 residential subscribers in addition to several hundred commercial subscribers by the end of 2015.

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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