Alex Dolgonos converts Class A Non-Voting Shares of Unique Broadband Systems, Inc. into common shares



    TORONTO, Aug. 7 /CNW/ - Alex Dolgonos ("Dolgonos") announces that 2064818
Ontario Inc., a corporation wholly-owned by The Dolgonos 2005 Family Trust,
has converted 11,305,332 Class A Non-Voting Shares of Unique Broadband
Systems, Inc. into an equivalent number of common shares of that corporation.
The 11,305,332 common shares represent approximately 11% of the 102,747,854
common shares of Unique Broadband Systems, Inc. now issued and outstanding.
Dolgonos, as sole trustee of The Dolgonos 2005 Family Trust, retains voting
control over these shares.
    As a result of the conversion, Dolgonos has control or direction over an
aggregate of 20,159,755 common shares of Unique Broadband Systems, Inc.,
representing approximately 20% of the issued and outstanding shares of that
corporation. In addition, Dolgonos controls stock options in respect of
4,000,000 common shares of Unique Broadband Systems, Inc. The 11,305,332 Class
A Non-Voting Shares which were converted into common shares represented 100%
of the issued and outstanding Class A Non-Voting Shares of Unique Broadband
Systems, Inc.
    Dolgonos holds these securities for investment purposes only and may
acquire additional securities or dispose of his beneficial ownership, control
or direction over these securities as circumstances or market conditions
warrant or arise.

    
    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.
    

    %SEDAR: 00010550E




For further information:

For further information: Alex Dolgonos, Tel: (905) 660-8100

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Unique Broadband Systems, Inc.

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