Takeover Offer for Unique Broadband Systems Extended

TORONTO, ONTARIO — (Marketwire) — 05/11/12 — 2064818 Ontario Inc. (the “Offeror”) announces that it has extended its $0.08 per share takeover offer (the “Offer”) for up to 10,000,000 common shares of Unique Broadband Systems, Inc. (“UBS”). The Offer is now set to expire at 8:00 p.m. (Toronto time), August 17, 2012. All other terms of the Offer described in the Offeror-s Circular dated February 1, 2012 remain unchanged. The Offeror will mail to UBS-s security holders and file on SEDAR a notice of extension of the Offer.

Should shareholders have any questions about the Offer or how to tender, they can contact Phoenix Advisory Partners, the Information Agent for the Offer, toll-free at 1-800-622-1603 or by email at: .

This press release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or invitation to sell, any of the securities of Unique Broadband Systems, Inc. Such an offer may only be made pursuant to an offer and take-over bid circular filed with the securities regulatory authorities in Canada.

Contacts:
Philip Koven
(416) 579-6255

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