Unique Broadband Systems, Inc.

Unique Broadband Systems, Inc.

July 11, 2016 17:01 ET

Unique Broadband Systems, Inc. Reports Third Quarter of Fiscal 2016 Results

TORONTO, ONTARIO--(Marketwired - July 11, 2016) - Unique Broadband Systems, Inc. ("UBS" or the "Company") (NEX:UBS.H) today reported its financial results for the three and nine months ended May 31, 2016.

UBS recorded an operating loss of $73,000 or nil per share, basic and diluted, for the three months ended May 31, 2016, compared to $263,000 or $0.003 per share, basic and diluted, for the three months ended May 31, 2015. As at May 31, 2016, UBS had 153,144,590 common shares issued and outstanding (May 31, 2015 - 102,747,854).

For further information on the financial results of UBS, please review the Company's unaudited condensed consolidated interim financial statements and management's discussion and analysis of financial condition and results of operations for the three and nine months ended May 31, 2016 and 2015, available on www.sedar.com.

About Unique Broadband Systems, Inc.

UBS' shares are listed on the NEX under the symbol "UBS.H". 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 the future performance of UBS 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 NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Unique Broadband Systems, Inc.
    Daniel S. Marks
    Interim Chief Executive Officer
    (905) 660-8100