SOURCE: Urban Communications Inc.

Urban Communications Inc.

October 23, 2015 18:26 ET

Urban Communications Inc. Launches Appeal to Supreme Court of Canada

VANCOUVER, BC--(Marketwired - October 23, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) announces that it has filed an application with the Supreme Court of Canada for leave to appeal a decision of the Court of Appeal of British Columbia relating to a dispute with a customer in connection with the exercise of options to renew leases of fibre optic strands on the Company's network connecting multiple sites of the customer.

In January, 2013, an arbitrator made an order that the customer had properly exercised the options, which was successfully appealed by the Company to the Supreme Court of British Columbia. The customer appealed that order and the B.C. Court of Appeal reversed the Supreme Court of B.C. order and reinstated the arbitrator's award. The Company is now seeking leave to appeal to the Supreme Court of Canada on legal issues of national importance in commercial transactions and arbitrations in order to have the order of the Court of Appeal reversed.

The customer has filed a response, the Company has replied to that response, and the Supreme Court of Canada will then determine within approximately two months whether or not it will grant the Company the right to proceed with its appeal.

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 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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