Toronto, Canada (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.

“Gerry 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 Inc.

“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 broadcasting solutions.”

“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 wireless internet.

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/.

For more information, contact:

Peter Block
Investor and media relations
(416) 586-0180
E-mail: investorrelations@uniquesys.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.