Urbana Corporation

Urbana Corporation

September 07, 2007 13:22 ET

Urbana Corporation Purchases 5 Additional Kansas City Board of Trade Memberships

TORONTO, ONTARIO--(Marketwire - Sept. 7, 2007) - Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT) is pleased to announce that it has entered into an agreement to buy another 5 memberships on the Kansas City Board of Trade ("KCBOT") for approximately US$2.9 million. This purchase increases Urbana's stake in the KCBOT to approximately CDN$4.4 million or 7 memberships worth 3.6% of the exchange.

The purchase of the KCBOT seat is subject to approval by the KCBOT's Board of Directors.

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