SOURCE: Urban Communications Inc.

Urban Communications Inc.

March 05, 2015 13:21 ET

Urban Communications Inc. Appoints VP of Technology and Announces Investor Relations Arrangements

VANCOUVER, BC--(Marketwired - March 05, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) ("Urban" or the "Company") announces the appointment of Tom Samplonius as Vice-president, Technology for the Company.

Tom Samplonius is a seasoned Internet technologist with over 20 years of experience, specializing in Internet service provider technology and operations. Prior to joining Urban Tom was VP of Technology at Titan Communications, VP of Operations at Uniserve Communications and VP of Technology at Superb Internet. While at Uniserve Communications, Tom was instrumental in facilitating the growth in business from 300 subscribers to 120,000 subscribers, including 20,000 broadband customers. His experience in quickly scaling technological capabilities to match rapid subscriber growth will be critical to Urban's ambitious expansion.

John Farlinger, CEO of Urban, said that "the hiring of Tom Samplonius fills in another key hire in our path to building a management team capable of scaling this business to become a disruptive alternative service provider in western Canada."

Additionally, Urban also announces it has entered into an agreement with Elina Chow, Principal of Catch Advisory Group Inc., to provide investor relations services. Elina Chow will assume the position of Director, Investor Relations, for Urban and will be responsible for managing the Company's investor out-reach and communications program. Elina joins Urban with over 10 years of investor relations and marketing experience. Catch Advisory Group Inc. is a Toronto-based consulting firm that specializes in providing investor relations and marketing services to private and publicly-listed companies across multiple verticals, including metals and mining, real estate, professional services, finance and technology.

The investor relations agreement is scheduled for 12 months and Urban's anticipated costs over that time will be $84,000, payable in a combination of cash and 300,000 Company stock options at at a deemed price of $0.085 per share, payable on a monthly basis from surplus cash on hand.

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 Communications has recently launched high-speed internet service to residential and commercial subscribers on its network at 1,000 mbps (1Gbps).

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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