Urban Communications Inc.
TSX VENTURE : UBN

Urban Communications Inc.

March 07, 2007 15:19 ET

Urban Communications Inc. Lights Up "UniverCity" Development at Simon Fraser University With Service Up to 100 Mbps

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2007) - Urban Communications Inc. (TSX VENTURE:UBN) announces that its subsidiary, Urban Networks Inc., has launched its fibre optic based ultra high speed broadband Internet service to residential customers at UniverCity, the high density community development at Simon Fraser University in Burnaby. Urban's basic fibre to the home (FTTH) Internet service will commence on March 12, 2007, and has resulted in early customer penetration rates well ahead of projections.

Sales programs are underway to provide basic high speed service of 10 Mbps to the existing 1,100 residential units in the new community which, when completed will consist of 4,000 units in a spectacular setting next to one of British Columbia's major universities, surrounded by a 567 hectare conservation park. Urban customers have the option to receive dedicated service of up to 100 Mbps, the fastest residential service to be offered in Canada to date, with no annual contract commitments. Urban's Residential Fibre Power Plan is priced well below the competition and also provides access to a variety of unique a la carte applications.

Service is being provided to residential and commercial customers over Urban's 125 km. fibre optic network which is strategically situated through highly populated corridors in the metro Vancouver market. "Next generation services to be provided through our state-of-the-art fibre optic backbone network will satisfy growing customer demand and put Urban well ahead of competitors providing services over legacy copper circuits and cables," stated Leslie Maerov, Urban's CEO. "Service offerings will not only be lower priced than competitor offerings, but are optimized when transmitted over fibre to the home because of the non-compressed signal transmission speeds that can be provided using Urban's fibre optic backbone network technology."

Urban Networks will roll out a full array of services for customers to select a la carte, including voice over IP ("VoIP") within 30 days, followed by residential priced audio/video conferencing and interactive gaming before the end of the second quarter, and video on demand (VOD) movie service and full IP television service by year end.

Urban has been providing fibre optic telecommunications service since 2002 and continues to serve the University of British Columbia, Simon Fraser University, B.C. Institute of Technology, University of Victoria, City of Vancouver, ministries and agencies of the Province of British Columbia and the Government of Canada, and E-Comm, the emergency services organization for southwest B.C.

Urban's management team was responsible for building much of the coaxial and fibre optic networks of Rogers, Shaw, AT&T, Group Telecom and Novus in the greater Vancouver area over the past 30 years, and has managed successful sales, customer service programs and customer installation programs for those companies and most recently for Bell ExpressVu. The company will now use its sales, marketing and customer service expertise to drive the roll out of its own service products and offerings.

About Urban Communications Inc.

Urban Communications Inc., through its operating subsidiaries, is a full service telecommunications company providing a range of next generation IP application services to residential and commercial clients in British Columbia. The company's services include developing and operating leased fibre optic networks, engineering design and construction of advanced telecommunications systems to facilitate delivery of video, telephone and broadband Internet services, outside plant and maintenance of the networks plus product sales. Urban Communications is a telecommunications integration company providing end-to-end, turnkey services to meet the demands of its diverse, national telecommunications customers who require the full scope of fibre, cable and wireless technical services. Urban can deliver cost effective media rich solutions via state-of-the-art enterprise class infrastructure designed to reach both residential and business consumers.

On behalf of the Board of Directors

Leslie E. Maerov, President and CEO

Except for historical information contained herein, the statements in this news release contain or may contain forward-looking statements, such as statements regarding Urban Communications Inc.'s future growth and profitability, growth strategy and anticipated trends in the industries in which Urban Communications Inc. operates. These forward-looking statements are based on Urban Communications Inc.'s current expectations and are subject to a number of risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements made by Urban Communications Inc. in this news release. These risks and uncertainties include, among other things, raising significant investment capital, locating and retaining senior technical and financial expertise, customer loyalty, demand for services, market competition and other risks detailed in documents filed with the TSX Venture Exchange or British Columbia Securities Commission. Urban Communications Inc. does not undertake any obligation to revise these forward-looking statements to reflect future events or circumstances.

Shares issued: 22,030,063

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

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