Unique Broadband Systems, Inc. Reports Second Quarter 2014 Results

Unique Broadband Systems, Inc. ("UBS") (TSX VENTURE:UBS) today reported its
operating and financial results for the second quarter of fiscal 2014, ended
February 28, 2014.


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




--  UBS continues to operate under the court approved Company Creditors
    Arrangement Act ("CCAA"). 
--  The loss before comprehensive loss for the quarter ended February 28,
    2014 decreased by 80% to $228 compared to the three months ended
    February 28, 2013, due mainly to lower costs arising from the CCAA
    claims process. 
--  UBS recorded loss and comprehensive loss of $1,060 or $0.10 per share,
    for the three months ended February 28, 2014, compared to a loss and
    comprehensive loss of $1,780, or $0.017 per share for the three months
    ended February 28, 2013.  
--  Fair value of shares in ONEnergy Inc. currently held by UBS decreased by
    $832 to $2,218, due to a decrease in ONEnergy's bid prices as at
    February 28, 2014 to $0.08 per multiple voting share and $0.08 per
    subordinate voting share, compared to the respective bid prices as at
    August 31, 2013 of $0.10 and $0.10. 
--  As at February 28, 2014, UBS held cash of $1,912 and short-term
    investments of $301, totaling $2,213, compared to cash of $2,869 as at
    August 31, 2013. 
--  The Company's appeal and the Jolian Parties' cross-appeal of the
    Judgement of the Honourable Madam Justice Mesbur, which was released on
    May 21, 2013, are scheduled to be heard on October 15, 2014. 



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 and
six months ended February 28, 2014 and 2013.


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]