Unique Broadband Systems, Inc. (CDNX: UBS) responds to statement made by Plaintree Systems Inc.

TORONTO, March 14 / CNW /  -  Unique Broadband Systems, Inc. (“Unique”) today responded to a press release issued by Plaintree Systems Inc. (“Plaintree”).

At the request of Plaintree, the Board of Directors of Unique met yesterday with representatives of Plaintree.  However, Patrick Lavelle, Chairman of Unique stated “While the Plaintree proposal is interesting, in the Board’s view the proposal is at a preliminary stage and would best be a matter for the new Board of Directors to consider following the annual general meeting scheduled for March 18, 2002.  The Company has not yet been provided an opportunity to conduct due diligence in order to properly assess the validity of the proposal.”

About Unique Broadband Systems, Inc.

Unique Broadband Systems, Inc. (UBS) designs, develops and manufactures high-speed fixed and mobile wireless solutions based on OFDM technology.  UBS has offices in Canada, Denmark, the UK and Italy.  

Company contact:
Jeffery Friedman, Chief Administrative Officer
(905) 669-8533