Look Wins Injunctions Against Bell Canada

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Unique Broadband Systems says that its subsidiary, Look Communications, has been granted Interim and Interlocutory Injunctions by the Ontario Superior Court of Justice preventing Bell Canada from terminating, reducing, restricting, or in any way interfering with the telecommunications services provided by Bell Canada to Look.

But Look's Statement of Claim against Bell for as much as $35 million remains unresolved at this time.

In light of the current Interim and Interlocutory Injunctions granted, Look reports it will be able to carry on business in the normal course of operations.

The major Terms and Conditions of the Injunctions are as follows:

1. Look will pay Bell Canada $360,000 per month from May 1, 2007;
2. Look may not encumber or transfer its spectrum without the consent of the Court; and
3. Bell Canada will pay Look's costs of the injunctions.

Look says intends to fully comply with the Terms and Conditions set forth by the Ontario Superior Court of Justice and is pleased with the judgment
rendered.

Look will expeditiously continue to vigorously pursue its Statement of Claim against Bell Canada for damages in the aggregate amount of $25 million plus interest, costs and any applicable taxes, for, amongst other things, Bell
Canada's breach of contract, misrepresentation and unlawful interference with economic relations. Look is also seeking $10 million in aggravated and/or punitive damages.

The hearing date for this Statement of Claim has yet to be determined and the outcome cannot be predicted at this time.

Unique Broadband Systems, Inc., is a publicly listed Canadian company that has a 51.6 per cent fully diluted economic interest in Look Communications Inc. and other assets. With
its licensed spectrum through its subsidiary, Look, UBS is a Canadian digital television broadcaster and broadband wireless service provider.

Look Communications Inc. currently
delivers a full range of communications services, including high-speed and dial-up Internet access, Web applications, digital television distribution and superior customer service to both the business and residential markets.


mediacastermagazine.com - Mediacaster - 8/2/2007