Urbanalien Corporation Files Form 8-k and Announces Change in Control

Urbanalien Corporation Files Form 8-k and Announces Change in Control

Mississauga, Ontario (PRWEB) July 8, 2004 -- Urbanalien Corporation (OTCBB:UBAL), a Nevada corporation, announced today that Form 8k has been filed with the SEC to report a change in control of the Company to Synchronicity Financial Limited (SFL). Further to this, Anila Ladha and Shamira Jaffer; the sole officers and directors of the company; have both resigned their positions from the company and will each return 1,000,000 common shares back to treasury. Mr. Peter Verbeek has been named President, Director and Chairman of the Board of Urbanalien Corporation.

The Company also announced that it has retired $315,000 of debt and can now focus in restructuring the company, allowing it to position itself to pursue suitable acquisition candidates which it is believed will further enhance shareholder value.

ABOUT URBANALIEN CORPORATION
Urbanalien Corporation has been fully dependent upon its current management and/or significant shareholders to provide sufficient working capital to preserve the integrity of the corporate entity.

HISTORICAL BUSINESS INFORMATION: The Company was incorporated in July of 2001 under the laws of the State of Nevada and effective January 5th, 2004, was quoted on the NASD OTCBB. During 2001, 2002 & 2003, the Company devoted its activities to establishing an interactive kiosk terminals business in various public venues. Due to the lack of sufficient funds, the company was not able to carry out its original business plan.

For Further Information Contact : Mr. Peter Verbeek (905) 302-3220.

Some of the statements in this communication are "forward-looking statements." These forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The words "believe," "expect," "anticipate," "intend," "plan," and similar expressions identify forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We undertake no obligation to update and revise any forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements in this document to reflect any future or developments