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

Urbana Corporation

April 26, 2007 17:34 ET

Urbana Corporation Purchases Memberships and Shares

TORONTO, ONTARIO--(CCNMatthews - April 26, 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 initiated a position in the Winnipeg Commodity Exchange Inc. ("WCE"). At the April 25th, 2007 meeting, the Directors of the WCE approved Urbana's purchase of 23,500 shares. The WCE is a private corporation.

Also, Urbana has entered into an agreement to purchase a second seat on the Minneapolis Grain Exchange ("MGE"), a private corporation. This purchase is subject to MGE Board approval.

Urbana purchased an additional 100 shares on the Philadelphia Stock Exchange ("PHLX"), also a private corporation. This brings Urbana's total PHLX holdings to 300 shares. Each 100 share lot of PHLX represents one seat prior to that exchange's demutualization.

The total cost of these purchases is approximately US $1.2 million.

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