Urban Infrastructure Group Inc. Reports the Filing of March 31st, 2025, Q2 Interim Financial Results and MD&A
Highlights:Revenue for Q2 2025 was $1M compared to prior year Q2 revenue of $1.536MRevenue for the six months ended was $2.4M compared to $3.5M for the same period in 2024Reduction in head office operating expense through staffing optimizationStreamlined, industry focused leadership changes:Gary Alves, Founder and President assumes the position of Chief Executive OfficerSteve Kaszas joins the board and Luca Filice appointed Chief Operating OfficerToronto, Ontario--(Newsfile Corp. - May 28, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("urban" or the "Company"),...
2025-05-28 11:42 PM EDT
Urban Infrastructure Group Adds Capital Markets Depth as Steve Kaszas Joins as Board Director
Brampton, Ontario--(Newsfile Corp. - May 27, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) (the "Company") is thrilled to announce the addition of Steve Kaszas to its board of directors. Steve brings over four decades of experience in the financial services industry and has built a distinguished career characterized by strategic leadership, client-focused investment management, and a deep commitment to community engagement.Steve began his career at Burns Fry in 1983 and quickly rose to become a shareholder in 1984....
2025-05-27 9:01 AM EDT
Urban Infrastructure Group Updates Board of Directors Nomination Prior to Annual Meeting
Brampton, Ontario--(Newsfile Corp. - May 25, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("urban" or the "Company") today announced that Mr. Norman Levine has withdrawn his candidacy for election to the Company's Board of Directors due to unforeseen business commitments.Urban remains committed to maintaining strong corporate governance and ensuring a diverse and experienced Board of Directors to guide the Company's strategic initiatives.About Urban Infrastructure Group Inc.Urban Infrastructure Group stands as a premier provider of concrete and drainage infrastructure construction...
2025-05-25 5:47 PM EDT
Urban Infrastructure Group Secures Debt
Brampton, Ontario--(Newsfile Corp. - May 12, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, ("UIG" or the "Corporation") would like to announce that it has entered into loan arrangements with certain related parties (each, a "Lender") whereby the Lenders advanced to the Company an aggregate of $150,000 (collectively, the "Loans"). UIG will use the Loans for working capital and general corporate purposes.The Loans...
2025-05-12 1:20 PM EDT
Urban Infrastructure Group Inc. Provides Corporate Update
Highlights:Gary Alves to be Appointed Chief Executive Officer of Urban Infrastructure GroupReduction in size of Board of DirectorsNomination of Norman Levine to the Board of DirectorsAnnual and Special Meeting of Shareholders to be held May 27, 2025Adoption of Advance Notice PolicyRepricing of OptionsBrampton, Ontario--(Newsfile Corp. - April 24, 2025) - Urban Infrastructure Group Inc., (TSXV: UIG) a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, ("UIG" or the "Corporation") would like to...
2025-04-24 5:01 PM EDT
Urban Infrastructure Group Inc. Breaks Ground on 145+ New Residential Units in Pickering, Ontario
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces that it has begun work on a 145 unit residential housing development project in Pickering, Ontario. Gary Alves, COO and Founder of UIG stated, "We are delighted to be invited back for our 5th consecutive phase in this specific multi-phased project. Our team thrives on displaying...
2025-03-04 5:04 PM EST
Urban Infrastructure Group Inc. Reports Financial Results for the 2025 Fiscal First Quarter
Highlights:Master Plan Residential Development market conditions showing signs of improvementUIG Increases revenues on a quarter-over-quarter basis for the second consecutive quarter Management's sales efforts translated to an 84% revenue increase from Q3/F2024 to Q4/F2024 and increased again from Q4/F2024 to Q1/F2025 by 15%.UIG's ~$27M bid pipeline and ~$8.3M in current awarded contracts is an optimistic indicator Toronto, Ontario--(Newsfile Corp. - February 28, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing...
2025-02-28 9:07 AM EST
Urban Infrastructure Group Inc. Reports Fiscal 2024 Audited Financial Results
Toronto, Ontario--(Newsfile Corp. - January 28, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announce its financial results for the 2024 fiscal year. All financial information is provided in Canadian dollars unless otherwise indicated.The Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the year ended September 30, 2024, are available on the Company's SEDAR profile at www.sedarplus.ca.Ungad Chadda, CEO of UIG...
2025-01-28 7:53 PM EST
Urban Infrastructure Group Welcomes Luca Filice to Board of Directors
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, is pleased to announce the addition of Luca Filice to its Board of Directors.Luca adds decades of construction experience to the governance of UIG. As a partner and General Manager leading the custom home building operations of PCMnow.com Inc., a Canadian custom home builder, based Oakville, Ontario, specializing...
2024-12-09 8:43 AM EST
Urban Infrastructure Group Inc. Announces Further Contract Awards of 150+ New Residential Units in Pickering, ON
Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces that it has been awarded a new residential housing contract totaling 150+ units in Pickering, Ontario. Following the recent announcement dated October 21, 2024 - Urban Infrastructure Group Inc. Begins Work on 400+ New Residential Units in Southern Ontario, today's announcement reflects the pace of additional business...
2024-11-04 9:13 AM EST
Urban Infrastructure Group Inc. Begins Work on 400+ New Residential Units in Southern Ontario
Toronto, Ontario--(Newsfile Corp. - October 21, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces that crews have been deployed and work has begun on two new residential housing projects totaling 400+ units across the Greater Toronto Area (GTA).The Company has broken ground on its newest residential development project located in Pickering, Ontario, where it will begin foundation concrete pouring (basement, garages and...
2024-10-21 8:52 AM EDT
Urban Infrastructure Group Inc. Reports Financial Results For the Three and Nine Months Ended June 30th, 2024
Brampton, Ontario--(Newsfile Corp. - August 28, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces its financial results for the three and nine months ended June 30th, 2024. All financial information is provided in Canadian dollars unless otherwise indicated. Ungad Chadda, CEO of UIG, stated, "As we communicated at the end of May, the very well publicized halt in the low rise residential...
2024-08-28 4:00 PM EDT
Urban Infrastructure Group Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, is pleased to provide an update on its recent corporate activities and operational initiatives."The Canadian housing market, and more specifically the Ontario residential new housing market continues to experience a slowdown, tied to developers delaying new builds in anticipation of further interest rate cuts. However, signs of market improvement...
2024-07-11 9:06 AM EDT
Urban Infrastructure Group Inc. Reports Financial Results for the Three and Six Months Ended March 31st, 2024
Brampton, Ontario--(Newsfile Corp. - May 30, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces its financial results for the three and six months ended March 31st, 2024. All financial information is provided in Canadian dollars unless otherwise indicated. Ungad Chadda, CEO of UIG stated, "Urban continues to execute on its strategy and day-to-day business, however we have not been immune to the...
2024-05-30 7:13 PM EDT
Urban Infrastructure Group to be Featured on Radius Research's Pitch, Deep Dive and Q&A Webinar
Brampton, Ontario--(Newsfile Corp. - April 16, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG), a leading stage-one concrete and drainage infrastructure construction group, specializing in large-scale new residential housing developments, is pleased to invite investors and other interested parties to attend an upcoming interview with Radius Research. UIG is a new listing, having completed a Qualifying Transaction on March 22, 2024.This webinar promises to provide a deeper understanding of the Canadian residential construction landscape. Ungad Chadda, CEO of UIG,...
2024-04-16 5:19 PM EDT
Urban Infrastructure Group Inc. (formerly Deal Pro Capital Corporation) Announces Closing of Qualifying Transaction
Highlights:Urban completes private placement (the "Concurrent Financing") for aggregate gross proceeds of $1,342,200.10.Name changed to Urban Infrastructure Group Inc. New board of directors and officer changes announced.Ticker symbol changed to "UIG" on the TSXV. To commence trading on the TSXV under the symbol "UIG" at the opening of the markets on Tuesday March 26, 2024.Toronto, Ontario--(Newsfile Corp. - March 22, 2024) - Urban Infrastructure Group Inc. (TSXV: UIG) (TSXV: DPCC.P) (formerly, Deal Pro Capital Corporation) (the "Company") is pleased to...
2024-03-22 4:51 PM EDT
Deal Pro Capital Files Filing Statement for Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - February 14, 2024) - Deal Pro Capital Corporation (TSXV: DPCC.P) (the "Company") is pleased to announce that, further to its press releases dated November 1, 2023, January 15, 2024 and February 12, 2024, it has filed a filing statement for its previously announced qualifying transaction (the "Qualifying Transaction") that is dated effective February 14, 2024 (the "Filing Statement") with the TSX Venture Exchange (the "Exchange") and on the Company's SEDAR+ profile at www.sedarplus.ca. Additional information in respect...
2024-02-14 6:30 PM EST
Deal Pro Capital Enters into Definitive Agreement in Respect of Proposed Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - February 12, 2024) - Deal Pro Capital Corporation (TSXV: DPCC.P) (the "Company") is pleased to announce that, further to its press release dated November 1, 2023, it has entered into a definitive business combination agreement dated February 8, 2024 (the "BCA") with Urban Utilities Contractors Inc. ("Urban"). Pursuant to the BCA, the Company's wholly-owned subsidiary, 1000773456 Ontario Inc. ("Subco"), will amalgamate with Urban (the "Amalgamation") to complete the Company's qualifying transaction (the "Transaction") in accordance with...
2024-02-12 4:54 PM EST
Deal Pro Provides Update on Proposed Qualifying Transaction with Urban Utilities
Toronto, Ontario--(Newsfile Corp. - January 15, 2024) - Further to its press release dated November 1, 2023, Deal Pro Capital Corporation (TSXV: DPCC.P) (the "Company") is pleased to provide an update regarding its proposed acquisition (the "Acquisition") of Urban Utilities Contractors Inc. ("Urban"), which Acquisition, if completed, will constitute the Company's "qualifying transaction" under the policies of the TSX Venture Exchange (the "Exchange").The AcquisitionIt is now anticipated that the Company will acquire all of the issued and outstanding securities of...
2024-01-15 4:05 PM EST