Urbana Corporation

Urbana Corporation

March 13, 2007 17:03 ET

Urbana Corporation Purchases 2 Additional CBOE Memberships

TORONTO, ONTARIO--(CCNMatthews - March 13, 2007) -

News Release - Not for distribution to U.S. wire services or for dissemination in the U.S.

Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT) is pleased to announce that it has entered into an agreement to purchase two seats on the Chicago Board Options Exchange ("CBOE"), a private entity.

The total cost of this purchase is approximately US $4,400,000.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying seats and shares in private and public securities exchanges in North America and around the world.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There is no assurance that the seat purchase announced will be completed, or that if completed, such seat purchase will be a profitable investment for Urbana. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Contact Information

  • Urbana Corporation
    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106
    Website: www.urbanacorp.com