Unique Broadband Systems Inc -
Unique Broadband investigates move to Nasdaq
Unique Broadband Systems Inc
UBS
Shares issued 65,835,356
1999-05-14 close $0.43
Monday May 17 1999
Mr. Alex Dolgonos reports
The company has begun planning its move to Nasdaq. With most of the
company's business generated from the United States and internationally, it makes
perfect sense to be listed on an exchange that will be more suited to its profile. As
the leading North American supplier of digital audio broadcast systems,
concurrent with the rollout of the Satellite Digital Audio Radio Systems (SDARS)
in the United States, the company is in a position to take advantage of the
opportunities that lie ahead.
There has been an increase in investment activity from the United States in the past
few weeks, both on a private basis and institutionally. The company has been
receiving many calls from brokerage firms in the United States and Europe
inquiring into the status of current bids and our involvement in the wireless industry
in general. Being listed on Nasdaq would definitely give the company much more
exposure to a larger investment community. To this extent, the Company has
engaged the consulting firm of Peter G. Sutherland & Associates of Santa
Barbara, Calif. With over 25 years in business, the firm specializes in mergers and
acquisitions, corporate finance and alliances in the telecommunications and
wireless industries. The firm is currently negotiating a volume manufacturing and
teaming agreement with a multinational company on behalf of Unique, in
anticipation of being awarded contracts that would require volume manufacturing.
Unique is currently bidding on a number of such contracts and would need a
partner in order to fulfill the delivery requirements.
"We feel that a move to an exchange which is more suited to high technology
companies like ours, will benefit the shareholders and increase the overall value of
the company", stated Alex Dolgonos, president and chief executive officer of
Unique Broadband Systems.
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