UBN

Urban Communications Inc. (TSX VENTURE:UBN) is pleased to announce a
non-brokered private placement of up to 16.67 million shares at a purchase price
of $0.15 per share for aggregate gross proceeds to Urban of up to $2.5 million.
Urban intends to use the proceeds to meet pent up demand for its broadband
services, expand its sales operations and develop new service offerings. Certain
directors and officers have agreed to sell shares in the market and to use the
proceeds for the purpose of subscribing for shares in the private placement.


Urban's MDU residential subscriber base continues to grow and newly signed
access agreements are located within easy reach of adjacent buildings in keeping
with its cluster marketing strategy. Urban expects its Internet and VoIP service
offerings to attain the same high penetration levels that it has consistently
achieved with each previous installation. Urban's sales team continues to build
momentum as it drives through high-density high-rise corridors.


Urban anticipates adding unique service offerings this year that will enhance
its ability to achieve still higher penetration levels and increased average
revenue per user. Demand continues to build for Urban's existing offerings and
the company anticipates that additional service offerings will enable the
company to meet its customer count and revenue targets for the coming year.


About Urban Communications Inc.

Urban Communications Inc., through its operating subsidiaries, is a full service
telecommunications company providing a range of next generation IP application
services to residential and commercial customers in British Columbia. The
Company's services include developing and operating leased fibre optic networks,
providing a full suite of Internet, voice, video and broadband application
products, engineering, design and construction of advanced telecommunications
systems to facilitate delivery of video, telephone and broadband Internet
services, outside plant and maintenance of the networks. To third party carriers
and service providers, Urban is a telecommunications integration company
providing end-to-end, turnkey services to meet the demands of its diverse,
national telecommunications customers who require the full scope of fibre, cable
and wireless technical services. Urban can deliver cost effective media rich
solutions via state-of-the-art carrier grade infrastructure designed to reach
both residential and business consumers.


Except for historical information contained herein, the statements in this news
release contain or may contain forward-looking statements, such as statements
regarding Urban Communications Inc.'s future growth and profitability, growth
strategy and anticipated trends in the industries in which Urban Communications
Inc. operates. These forward-looking statements are based on Urban
Communications Inc.'s current expectations and are subject to a number of risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from results expressed or implied in any
forward-looking statements made by Urban Communications Inc. in this news
release. These risks and uncertainties include, among other things, raising
significant investment capital, locating and retaining senior technical and
financial expertise, customer loyalty, demand for services, market competition
and other risks detailed in documents filed with the TSX Venture Exchange or
British Columbia Securities Commission. Urban Communications Inc. does not
undertake any obligation to revise these forward-looking statements to reflect
future events or circumstances.

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