Urbana Corporation

Urbana Corporation

November 13, 2007 16:35 ET

Urbana Corporation Purchases Additional CBOE Membership

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2007) - Urbana Corporation ("Urbana") (TSX:URB.A) is pleased to announce that it has entered into an agreement to purchase another membership on the Chicago Board Options Exchange ("CBOE"), a private entity.

The total cost of this purchase is approximately US$2,900,000.

Urbana now owns a total of 15 CBOE memberships in its portfolio worth approximately CDN$41.7 million.

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