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Gold/Mining/Energy : UNIQUE BROADBAND SYSTEMS (UBS:VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Apex who wrote (637)	7/19/2000 9:49:19 AM
From: timester	Read Replies (2) \| Respond to of 682

New members on the board of directors - Looks like they are getting dressed up for the TSE Unique Broadband Systems to further strengthen Board of Directors pending the election of two new members Patrick Lavelle and Edward Neufeld to stand for election to company's Board of Directors Concord, ON - July 19, 2000 - Unique Broadband Systems, Inc. (CDNX: UBS), recognized worldwide as a leader in the design, development and manufacture of broadband wireless solutions, announced today that Patrick Lavelle and Edward Neufeld have agreed to stand for election to the company's Board of Directors at its next shareholders' meeting to be held on November 9, 2000. Patrick Lavelle, Chairman of the Export Development Corporation (EDC), brings to the UBS Board of Directors an extensive background in both the public and private sectors. Mr. Lavelle has served as Chairman of the Business Development Bank of Canada; Chairman and CEO of the Canadian Council for Aboriginal Business; and Vice-President of Corporate Development for Magna International Inc. Mr. Lavelle was also Deputy Minister of Industry, Trade and Technology for the Province of Ontario, and served as President of the Automotive Parts Manufacturers' Association of Canada. Mr. Lavelle, who currently heads his own strategic management consulting firm, serves on a number of corporate boards in both the United States and Canada, including TSE-listed companies: Slater Steel Inc., Geac Computer Corporation Ltd. and others. Edward Neufeld has a doctorate in economics from the London School of Economics and Political Science. He was formerly the Executive Vice-President and Chief Economist of the Royal Bank of Canada and prior to that, Assistant Deputy Minister of Finance in Ottawa. His past board memberships include Canadian National Railway, Goldlist Properties and National Life. He is a member of the Policy Committee of the C.D.Howe Institute, the National Statistics Council and the board of the Atlantic Council of Canada. "We are extremely pleased that both Mr. Lavelle and Mr. Neufeld have agreed to stand for election to our Board of Directors," said Alex Dolgonos, President and CEO of UBS. "The impact that they will have on our company will be significant. Their ability to contribute, not only in terms of advising management and leveraging their vast network of business and government contacts, but in protecting the interests of all of our stakeholders, are just some of the benefits that they will bring to UBS, its management and shareholders." Earlier this year, UBS announced that John Turner, former Prime Minister of Canada and now a partner in the Toronto office of the law firm Miller Thomson LLP, has also agreed to stand for election to its Board of Directors. Pending the election of Mr. Turner, Mr. Lavelle and Mr. Neufeld, the UBS Board is expected to consist of a total of seven directors, five of whom will be independent of management. In a related announcement, UBS has retained Richard Leblanc to provide consulting services in the area of corporate governance. Mr. Leblanc, who is a lawyer, certified management consultant, and experienced educator, is a leading specialist with respect to boards of directors and effective organizational governance and compliance in Canada. In accordance with Mr. Leblanc's mandate, he has just recently provided up-to-date, leading-edge corporate governance guidelines to the UBS Board of Directors. "The election of our three new Board members, in conjunction with the corporate governance guidelines provided by Mr. Leblanc, will clearly place UBS at the forefront in terms of public company compliance with the corporate governance guidelines recommended by securities commission administrators and stock exchanges in Canada," said Stephen Rosen, Vice-President and CFO of UBS. "UBS is committed to the implementation of good corporate governance practices designed for the protection of all persons with a vested interest in the success of UBS."