UBS

Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS) today reported its
operating and financial results for the third quarter of fiscal 2013, ended May
31, 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"); 
--  On May 21, 2013, Madam Justice Mesbur of the Ontario Superior Court of
    Justice released reasons for decision pursuant to the trial between UBS,
    and Mr. McGoey and Jolian Investments Ltd. ("Jolian"), together referred
    to as the "Jolian Parties", which was completed on March 1, 2013. Based
    on these findings, Her Honour: 
    --  set aside the bonus and SAR cancellation awards granted to the
        Jolian Parties, which resulted in a reversal of $1,999 to
        restructuring charges; 
    --  concluded the Jolian Parties were not entitled to indemnification,
        which resulted in a reversal of legal accruals totaling $551; 
    --  made a disgorgement order of $200 payable by Jolian to UBS; and 
    --  found that Jolian was entitled to an "enhanced severance" claim and
        asked that Jolian file a revised proof of claim in respect of this.
        The Company's initial estimate of this amount, having regard to her
        Honour's decision, is approximately $2,853. Jolian's revised proof
        of claim is in excess of $4,000. The Company is seeking leave to
        appeal this finding, and the outcome of the appeal process will
        determine the validity and quantum of the claim. 
--  UBS recorded a loss of $787, or $0.008 for the three months ended May
    31, 2013, compared to a loss of $774 or $0.007 for the three months
    ended May 31, 2012. The variance resulted from, among other things, the
    adjustments to restructuring charges recorded in the quarter ended May
    31, 2013, and the expiration of the Management Services Agreement with
    ONEnergy (formerly Look) on May 19, 2012. 
--  As at May 31, 2013, UBS held cash ($160) and short-term investments
    ($2,799) totaling $2,969. Management continues to preserve cash while
    advancing the CCAA claims process as expeditiously as possible. 



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
nine months ended May 31, 2013 and 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.


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.


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

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