UBS

Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS) today reported its
operating and financial results for the second quarter of fiscal 2013, ended
February 28, 2013.


Recent operating and financial highlights (in thousands, except per share
amounts) include:




--  UBS continues to operate under the court approved Company Creditors
    Arrangement Act ("CCAA"). A trial was held in the Ontario Superior Court
    of Justice between UBS and the Jolian Parties, which was completed on
    March 1, 2013. The Court decision has not been issued. 
--  On February 19, 2013, UBS sold 12,430 multiple voting shares and 14,630
    subordinate voting shares in Look to 2092390 Ontario Inc. for $0.14 per
    share, or $3,788. This transaction reduced the Company's holdings to a
    19.8% economic interest in Look and, upon determination that the Company
    no longer has significant influence, effective February 20, 2013,
    accounts for its investment in Look using the fair value method. 
--  UBS recorded a loss from operations of $1,454 for the three months ended
    February 28, 2013, compared to $847 for the three months ended February
    29, 2012. The 71.7% increase in 2013 resulted from, among other things,
    the expiration of the Management Services Agreement with Look on May 19,
    2012, and costs associated with advancing the CCAA claims process.



For further information on UBS' financial results, please review UBS' unaudited
condensed consolidated interim financial statements and management's discussion
and analysis of financial condition and results of operations for the three and
six months ended February 28, 2013 and February 29, 2012.


About Unique Broadband Systems, Inc.

UBS' shares are 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 the future performance of UBS 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Unique Broadband Systems, Inc.
Grant McCutcheon
Chief Executive Officer
(416) 613-2243

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