UBS grants options



    TORONTO, Oct. 22 /CNW/ - Unique Broadband Systems, Inc. (TSX Venture:
UBS) announced today that an option to purchase one million common shares of
the Company at an exercise price of $0.32 was granted to a senior manager on
October 19, 2007, in accordance with the Company's Stock Option Plan.
    The option vests in respect of all of the common shares under option at
the time that the Company's common shares reach $0.72. The option expires on
the earlier of (a) the fifth anniversary of the vesting date and (b) October
19, 2017.

    About Unique Broadband Systems, Inc.
    ------------------------------------
    UBS is a publicly listed Canadian company that has a 51.6 per cent fully
diluted economic interest in Look Communications Inc. (TSX Venture: LOK and
LOK.A) and other assets. With its licensed spectrum through its subsidiary,
Look, UBS is a Canadian digital television broadcaster and broadband wireless
service provider. The Company's web site may be found at
www.uniquebroadband.com.

    The corporate information contained in this release contains
forward-looking statements regarding future events and the future performance
of the Company that involves risks and uncertainties that could cause actual
results to differ materially. Assumptions used in the preparation of such
information, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect. The actual results achieved will vary
from the information provided herein and the variations may be material.
Consequently, there is no representation by UBS and Look that actual results
achieved will be the same in whole or in part as those forecasts.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00010550E




For further information:

For further information: Peter Block, Investor and media relations,
(403) 531-0331, (416) 586-0180, E-mail: irinfo@uniquebroadband.com

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Unique Broadband Systems, Inc.

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