UBS

TORONTO, July 13, 2012 /CNW/ - Further to its announcement on July 6, 2012, Unique Broadband Systems, Inc. ("UBS") today announces that Mr. Grant McCutcheon and Mr. Henry Eaton have resigned from UBS' board of directors and have been replaced by Mr. Victor Wells and Mr. Kenneth D. Taylor.  Mr. Robert Ulicki remains on the board as its chairman. Victor Wells was CFO of Chemtrade Logistics Income Fund from its IPO in 2001 until 2006 and also served as CFO of Tahera Diamond Corp. He is a member of Financial Executives International Canada, Chair of the Canadian Financial Executives Research Foundation and was formerly Chair of the Committee on Corporate Reporting. He has served as a member of the Accounting Standards Board.  Mr. Wells was Chair of the Audit Committee for GT Canada Medical Properties Inc. and is a member of the Audit Committee for Student Transportation Inc. He has previously served as Chair of the audit committees of MagIndustries Inc., Northstar Healthcare Inc. and Canada Cartage Diversified Income Fund. Mr. Wells is a fellow of the Institute of Chartered Accountants of British Columbia and Ontario, and obtained his Institute of Corporate Directors designation in 2007. Kenneth D. Taylor enjoyed a long career as a diplomat in the Canadian Foreign Service with postings in Guatemala, Detroit, London, Pakistan, Iran and Canadian Consul-General in New York. He is best known as the Canadian Ambassador to Iran who, in 1980, risked his own life and his country's reputation to help save the lives of six American hostages during the Iran Crisis. Since leaving the foreign service, Mr. Taylor has worked extensively in the private sector, including five years as Senior Vice President at Nabisco Brands/RJR Nabisco. In his current role as Chairman of the consulting firm of Taylor and Ryan, he provides counselling on issues of political risk, international marketing and strategic accommodation with government. He is currently a director of Marsh Canada, Skylink Aviation Inc., Groundstar Resources and Norvista Resources. About Unique Broadband Systems, Inc. UBS's shares are currently listed on the TSX Venture Exchange under the symbols "UBS". More information on UBS can be found at www.sedar.com. The corporate information contained in this release includes forward-looking statements regarding future events and costs that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by UBS at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by UBS that actual results achieved will be the same in whole or in part as those forecast. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Unique Broadband Systems, Inc. CONTACT: Grant McCutcheon, CEO(905) 660-8100

Copyright