UBS Announces Board Changes

    




 TORONTO, July 13, 2012 /CNW/ - Further to its announcement on July 6,  2012, Unique Broadband Systems, Inc. ("UBS")  today  announces that Mr. Grant McCutcheon and Mr. Henry Eaton have resigned  from UBS' board of directors and have been replaced by Mr. Victor Wells  and Mr. Kenneth D. Taylor.  Mr. Robert Ulicki remains on the board as  its chairman. 

 Victor Wells was CFO of Chemtrade Logistics Income Fund from its IPO in  2001 until 2006 and also served as CFO of Tahera Diamond Corp. He is a  member of Financial Executives International Canada, Chair of the  Canadian Financial Executives Research Foundation and was formerly  Chair of the Committee on Corporate Reporting. He has served as a  member of the Accounting Standards Board.  Mr. Wells was Chair of the  Audit Committee for GT Canada Medical Properties Inc. and is a member  of the Audit Committee for Student Transportation Inc. He has  previously served as Chair of the audit committees of MagIndustries  Inc., Northstar Healthcare Inc. and Canada Cartage Diversified Income  Fund. Mr. Wells is a fellow of the Institute of Chartered Accountants  of British Columbia and Ontario, and obtained his Institute of  Corporate Directors designation in 2007. 

 Kenneth D. Taylor enjoyed a long career as a diplomat in the Canadian  Foreign Service with postings in Guatemala, Detroit, London, Pakistan,  Iran and Canadian Consul-General in New York. He is best known as the  Canadian Ambassador to Iran who, in 1980, risked his own life and his  country's reputation to help save the lives of six American hostages  during the Iran Crisis. Since leaving the foreign service, Mr. Taylor  has worked extensively in the private sector, including five years as  Senior Vice President at Nabisco Brands/RJR Nabisco. In his current  role as Chairman of the consulting firm of Taylor and Ryan, he provides  counselling on issues of political risk, international marketing and  strategic accommodation with government. He is currently a director of  Marsh Canada, Skylink Aviation Inc., Groundstar Resources and Norvista  Resources. 

 About Unique Broadband Systems, Inc. 

 UBS's shares are currently 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 costs 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. 

Unique Broadband Systems, Inc.


CONTACT:  Grant McCutcheon, CEO(905) 660-8100 


    

Copyright