Unique Broadband Systems, Inc. Commences Sales Process for Look Shares

Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS) announces that on
November 9, 2012, the Ontario Superior Court of Justice made an order approving
a process by which UBS will seek offers for the purchase of all or part of the
24,846,578 multiple voting shares and 29,921,208 subordinate voting shares of
Look Communications Inc. ("Look") that UBS holds indirectly through its
wholly-owned subsidiary, UBS Wireless Services Inc. These shares represent a
39.2% economic interest and a 37.6% voting interest in Look. 


The sales process will be run by Duff & Phelps Canada Restructuring Inc. in its
capacity as monitor of UBS under the Companies Creditors' Arrangement Act.


A special committee comprised of Messrs. Vic Wells and Kenneth Taylor will
review and consider all offers and will determine the successful offer, if any.
UBS is under no obligation to accept the highest and best offer, or any offer,
acting reasonably. Any transaction for the sale of the Look shares will be
subject to approval by the Court. All offers must be structured on a basis that
is exempt from the prospectus requirements of applicable securities laws.
Depending on, among other things, the price being offered and the percentage of
Look shares being purchased, the successful offeror, if any, may be required to
make an offer to purchase the shares of all other shareholders of Look under
applicable securities laws. Interested parties should consult with their legal
counsel prior to submitting an offer.


All communication relating to the sales process should be directed to the
monitor. For more information, please contact Mitch Vininsky, [phone] or
Noah Goldstein, [phone].


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 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Unique Broadband Systems, Inc.
Grant McCutcheon
CEO
[phone]