UBS Concerned Shareholders Remind Shareholders of Meeting with Concerned<br>Shareholders' Director Nominees: Thursday, June 17, 2010

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Participate in person or listen via phone - Shareholders are reminded to vote their YELLOW proxy as every vote counts

TORONTO, June 16 /CNW/ - Unique Broadband Systems, Inc. ("UBS" or "The Company") Concerned Shareholders remind UBS shareholders of the upcoming opportunity to meet the Concerned Shareholders' Director Nominees and to learn about the actions they intend to take on behalf of fellow shareholders. The Director Nominees look forward to hearing shareholders' thoughts on UBS. Attend in person or listen by phone and learn why it is so imperative that you vote your YELLOW proxy in what is shaping up to be a close vote. Management holds a significant amount of shares therefore it is important that shareholders vote their YELLOW proxy.

TOWN HALL MEETING

Date: Thursday, June 17, 2010

Time: 5:00 p.m. (Toronto time)

Location: Offices of Gowling Lafleur Henderson LLP, 1 First Canadian

Place, Suite 1600, 100 King Street West

To attend in person, please rsvp: [email protected]

To join by phone, please register at

https://secure.confertel.net/tsregister.asp?course=153206.

ABOUT THE UBS CONCERNED SHAREHOLDERS

The UBS Concerned Shareholders are a group of investors, mostly individuals, who came together in response to the publicity that has occurred surrounding the extraordinary $22.7 million of executive and director compensation awarded in 2009 at UBS and LOOK in the face of dismal performance and plummeting share values. These shareholders have spent their time and their own resources over the past months to demand information, alert regulators, assess legal options, and ultimately take action in order to attempt to rectify and improve the situation on behalf of all shareholders of UBS.

Robert Ulicki, Grant McCutcheon and Henry Eaton are the UBS Concerned Shareholders' Director Nominees. These individuals would bring integrity, experience, and an Action Plan formulated to benefit shareholders to the Board. More information on each of the Concerned Shareholders' Director Nominees and the Action Plan is contained in the Information Circular dated June 3, 2010.

Proxy Voting Deadline

Shareholders are reminded to not delay and vote the YELLOW proxy form so that it can be received no later than 5:00 p.m. (Toronto Time) on Tuesday, June 29, 2010. Detailed voting instructions are included in the Concerned Shareholders' Information Circular.

Further information about voting the YELLOW proxy is available at www.saveubs.com and from Kingsdale Shareholder Services at 1-866-879-7650.

Forward-Looking Statements and Information Contained Herein

Unless otherwise noted, the information concerning UBS, Look Communications Inc. ("Look") and their directors and officers contained in this press release has been taken from, or is based upon or derived from, publicly available documents or records on file with Canadian securities regulatory authorities and other public sources. Although, the Concerned Shareholders have no knowledge that would indicate that any statements contained in such publicly filed documents are untrue or incomplete, the Concerned Shareholders do not assume responsibility for the accuracy or completeness of such information or for any failure by UBS or Look to disclose material information which may affect the significance or accuracy of such information.

Certain statements contained in this press release constitute forward-looking statements. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Concerned Shareholders, the Concerned Shareholders' nominees, UBS or Look, are intended to identify forward-looking statements. Such statements reflect the Concerned Shareholders' current views with respect to future events and are subject to certain risks, uncertainties and assumptions. The Concerned Shareholders' nominees assume no responsibility for any such statements. Many factors could cause actual results, performance or achievements that may be expressed or implied by such forward-looking statements to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include, but are not limited to, the financial condition and cash flow of UBS and Look, binding contractual covenants entered into by UBS and/or Look, pending or future litigation involving UBS and/or Look, general market conditions, the market for and regulations surrounding the purchase and sale of tax losses and other general business, technological, competitive and regulatory factors. Neither the Concerned Shareholders nor their director nominees assume any obligation to update or revise the forward looking statements contained in this press release to reflect actual events or new circumstances.

For further information: Investors: www.saveubs.com, Kingsdale Shareholder Services Inc., 1-866-879-7650; Media: Joel Shaffer, Kingsdale Communications Inc., 416-867-2327