TORONTO, Feb. 11 /CNW/ - Unique Broadband Systems, Inc. ("UBS") (TSX Venture: UBS) announces that it has granted incentive stock options for the purchase of 1,500,000 common shares of UBS (the "Options") to Robert Ulicki, the chairman of the board of directors of UBS. The Options have an exercise price of $0.07, 1/3 vest immediately and 1/3 vest on each of July 5, 2011 and 2012, and expire on February 11, 2021. The Options grant is subject to  the final approval of TSX Venture Exchange.

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 the future performance of UBS 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, Director
(905) 693-0393

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Unique Broadband Systems, Inc.

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