UNIQUE BROADBAND SYSTEMS APPOINTS CEO
(June 19, 2002) – The Board of Directors of Unique Broadband Systems, Inc.
(TSX Venture: UBS) today announced the appointment of veteran telecom executive
Gerald T. McGoey as the new Chief Executive Officer of the Company. Mr. McGoey
will continue to serve as Executive Chairman of UBS’ Board of Directors, a
position he has held since March of this year.
has long been our first choice to lead UBS and we are delighted that he has
accepted our offer,” said John MacDonald, Chairman of the HR Committee of the
Company’s board of directors. “He brings extensive industry and functional
knowledge to UBS. His past experience has demonstrated a unique ability to be
able to anticipate trends and produce substantive, measurable results.”
“The board was determined to engage a CEO who could
stimulate growth by creating a shared vision, aligning the entire organization
behind that vision and executing on it. We
believe Gerry offers us exactly that,” Mr. MacDonald added.
Mr. McGoey became Chairman of the Board of Directors
of UBS following the board’s election at the Annual Meeting on March 18th,
and has served as acting CEO since then. His longstanding career in the
telecommunications industry includes senior executive positions with Canada’s
largest telecommunications companies. From 1994 to 1997, he was Chief Corporate
Officer of Bell Canada. Prior to
that, he served as Executive Vice-President and Chief Financial Officer at BCE
“UBS has been through some difficult management
times, but there has never been any doubt about the quality of its people,
technology, intellectual property and research and development capacity,” Mr.
McGoey said. “The Company has an excellent balance sheet, proven engineering
capability and proprietary COFDM technology. UBS has played a major role in the
development of the XM radio terrestrial network and is now applying its
expertise into areas of two-way high-speed fixed wireless and mobile video
“Now that the management structure is clear and
unified and the new team is coming together, we can focus on maximizing the
potential of our core strengths, and build value for shareholders,” he added.
While at the BCE group of companies, Mr. McGoey was
also Chairman of the Board of Directors of Bimcor Inc., Chairman and President
of BCE Ventures, Chairman of Bell Sygma, a Director of Bell Canada
International, MediaLinx Inc., and a number of other Bell companies. Mr. McGoey
is a member of the Canadian Institute of Chartered Accountants, the Financial
Executive Institute and the World Presidents’ Organization.
UBS designs, develops and manufactures high-speed mobile
and fixed wireless solutions, including systems based on COFDM, a robust and
efficient RF modulation technology that provides superior coverage in non-line
of sight situations, video broadcasting and line-of-sight two-way high speed
UBS solutions target the high growth markets for wireless
Internet, wireless cable TV, digital radio, and other applications for wireless
video, voice and data services. UBS
also manufactures high-quality, reliable, passive components including custom
filters, waveguide assemblies, couplers and filter combiner assemblies.
UBS has offices in Canada, Denmark, and the UK. The
Company’s web site is at http://www.uniquesys.com/.
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