Urbana Corporation
TSX : URB
TSX : URB.A
TSX : URB.WT

Urbana Corporation

April 23, 2007 17:05 ET

Urbana Corporation Purchases Another 2 CBOE Memberships

TORONTO, ONTARIO--(CCNMatthews - April 23, 2007) -

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 2 additional seats on the Chicago Board Options Exchange ("CBOE"), a private entity.

The total cost of this purchase is approximately US $4,599,000.

Urbana now owns a total of 8 CBOE seats in its portfolio.

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.

Please contact:

Elizabeth Naumovski, Investor Relations at 416-595-9106 for further information.

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.

150 KING ST. W., SUITE 1702, P.O. BOX 47, TORONTO, ONTARIO M5H 1J9

TEL: (416) 595-9106

www.urbanacorp.com

Contact Information

  • Caldwell Asset Management Inc. / Caldwell Securities Ltd.
    Elizabeth Naumovski
    Marketing Manager
    1-800-387-0859
    New York: (212) 644-6344 or Toronto: (416) 862-2498 (FAX)