Unique Broadband Systems, Inc. Receives Notice of Intention Regarding Partial Take Over Bid

TORONTO, Jan. 19, 2012 /CNW/ - Unique Broadband Systems, Inc. ("UBS" or the "Company") (TSX Venture: UBS) has been advised that a corporation (or corporations) controlled by Alex Dolgonos intends to make a partial take-over bid for up to 10,000,000 common shares of UBS on or after January 27, 2012. The board of directors of UBS will evaluate the offer upon its receipt and will provide feedback to shareholders in due course. UBS may also consider other alternatives.

About Unique Broadband Systems, Inc.

UBS's 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 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.

SOURCE Unique Broadband Systems, Inc.

For further information:

Grant McCutcheon, CEO
(905) 660-8100

Profil de l'entreprise

Unique Broadband Systems, Inc.

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