Unique Broadband Systems, Inc. Reports First Quarter 2014 Results

Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS) today reported its
operating and financial results for the first quarter of fiscal 2014, ended
November 30, 2013. 


Recent operating and financial highlights (in thousands, except per share
amounts) include:




--  UBS continues to operate under the court approved Company Creditors
    Arrangement Act. 
--  As previously reported, on October 31, 2013, UBS was granted leave to
    appeal the decision of the Honourable Madam Justice Mesbur of enhanced
    severance, released on May 21, 2013, pursuant to the claims submitted by
    Mr. McGoey and Jolian Investments Ltd (the "Jolian Parties"). On
    November 21, 2013, the Jolian Parties sought leave to cross-appeal the
    decision of the Honourable Madam Justice Mesbur.  
--  UBS recorded income and comprehensive income of $43 or $nil per share,
    for the three months ended November 30, 2013, compared to a loss and
    comprehensive loss of $802, or $0.008 per share for the first quarter of
    2012. 
--  Fair value of shares in ONEnergy Inc. currently held by UBS increased by
    $277 to $3,050, due to an increase of $0.01 in ONEnergy's bid prices as
    at November 30, 2013 to $0.11 and $0.11 per multiple voting share and
    subordinate voting share respectively, compared to the respective bid
    prices as at August 31, 2013 of $0.10 and $0.10. 
--  As at November 30, 2013, UBS held cash ($2,356) and short-term
    investments ($301) totaling $2,657, compared to cash of $2,869 as at
    August 31, 2013. 



For further information on UBS' financial results, please review UBS' unaudited
condensed consolidated interim financial statements and management's discussion
and analysis of financial condition and results of operations for the three
months ended November 30, 2013 and 2012.


About Unique Broadband Systems, Inc.

UBS' 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.


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