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UNIQUE BROADBAND SYSTEMS, INC. RECLASSIFIED AS A TIER 2 ISSUER ON THE TSX VENTURE EXCHANGE

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  Published in Science and Technology on Friday, July 8th 2011 at 8:06 GMT by Market Wire
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TORONTO, July 8, 2011 /CNW/ - Unique Broadband Systems, Inc. ("UBS" or the "Company") (TSX-V: UBS) announced that it has received notice from the TSX Venture Exchange (the "Exchange") that, further to the Company's press release dated July 5, 2011 regarding the commencement of CCAA proceedings, UBS no longer meets the Continued Listing Requirements outlined in Exchange Policy 2.5.  As a result, the Exchange has reclassified UBS to Tier 2 effective July 7, 2011.  The Exchange further advised that if UBS does not continue to meet Tier 2 Continued Listing Requirements, it may be put on notice to be transferred to NEX.

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.

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.