Urbana Corporation
TSX : URB.A

Urbana Corporation

April 24, 2008 12:01 ET

Urbana Corporation Purchases Additional American Stock Exchange Membership

TORONTO, ONTARIO--(Marketwire - April 24, 2008) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has entered into an agreement to purchase an additional membership in the American Stock Exchange ("AMEX"), a private entity, for approximately US$315,000. This purchase increases Urbana's stake in the AMEX to 30 memberships with an approximate value of CDN$9,643,725 million.

In existence for more than a century, the AMEX has been a pioneer in market innovation and has recently been the object of a takeover bid by the New York Stock Exchange.

Urbana is an investment corporation that is listed on the Toronto Stock Exchange. Urbana's current focus is buying memberships 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 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