Urbana Corporation

Urbana Corporation

August 27, 2007 10:18 ET

Urbana Corporation Purchases $2 Million of the Toronto Stock Exchange and $2 Million of the Montreal Exchange

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2007) - Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT)(TSX:URB.WT.A) is pleased to announce that it has initiated a position in the TSX Group Inc. ("TSX") by purchasing 50,000 shares worth in excess of CDN$2 million. TSX is the holding company for the Toronto Stock Exchange and the TSX Venture Exchange.

Urbana also purchased 65,000 shares of the Montreal Exchange Inc. ("MXX"), the leading derivatives market in Canada. This brings Urbana's total position in MXX to CDN$2.4 million.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying memberships and shares of 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 membership purchase announced will be completed, or that if completed, such membership 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