TORONTO, Jan. 6 /CNW/ - Unique Broadband Systems, Inc. ("UBS" or the
"Company") (TSX Venture: UBS) today announced that Malcolm
Buxton-Forman will be leaving the Company as Chief Financial Officer on
January 7, 2011, in order to pursue other opportunities.
"Malcolm has played a valuable role in assisting the new Board of
Directors during the transition period following the special
shareholders meeting in July last year and we wish him all the best in
his future endeavours," said Grant McCutcheon, CEO of UBS.
Subject to regulatory approval, C. Fraser Elliott has been appointed
Chief Financial Officer to replace Malcolm Buxton-Forman with effect
from January 7, 2011. Since 1987, Mr. Elliott has been the President of
CFE Financial Inc., a private investment banking company. In addition,
from January 1, 2005, Mr. Elliott was Chief Financial Officer of
Tangarine Payment Solutions Corp. Mr. Elliott was involved in both the
listing on the TSX Venture Exchange in 2005 and the subsequent
successful sale of the business in 2009. Mr. Elliott is also the
Executive Chairman of the board of directors of Gowest Amalgamated
Resources Ltd. and a director of Sylogist Inc., which companies are
both listed on the TSX Venture Exchange.
"Fraser has significant experience with public companies and we welcome
him to the role of Chief Financial Officer and look forward to his
contribution to the Company's objective of maximizing its investment in
Look", said Mr. McCutcheon.
About Unique Broadband Systems, Inc.
UBS is a publicly listed Canadian company that has a 39.2% fully diluted
economic interest in Look Communications Inc. and other assets.
The Company's website may be found at www.uniquebroadband.com.
About Look Communications Inc.
Look's shares are listed on the TSX Venture Exchange under the symbols
"LOK" for Multiple Voting Shares and "LOK.A" for Subordinate Voting
Shares. Look's website may be found at www.look.ca.
Forward looking statements
The corporate information contained in this release includes
forward-looking statements regarding future events and the future
performance of the Company 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
the Company 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 the Company that actual results achieved will be the
same in whole or in part as those forecasts.
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, Chief Executive Officer, UBS
(905) 660-8100 x 2013