Urbana Corporation Announces Lease of NYSE Seat

TXS Venture:URB

 

Toronto, Ontario – September 16, 2004 – Urbana Corporation (TSX Venture: URB) announces that its wholly-owned U.S. subsidiary, Urbana America Inc., has leased its third New York Stock Exchange Seat, which was purchased on August 27, 2004 for $1,150,000 (U.S.). The seat has been leased for $120,000 (U.S.) per year under a four month, extendable lease.Urbana Corporation also wishes to advise participants in the company’s recent private placement that the shares purchased are now free to trade in the public market.

 

Please contact Thomas S. Caldwell at 416-595-9106 for further information.

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

This press release has not been reviewed by the TSX Venture Exchange.