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Ubiquiti Networks Announces $100 Million Share Repurchase Program

Stocks in this article: UBNT

Ubiquiti Networks is a next-generation communications technology company bridging the digital divide between emerging and developed markets by fundamentally changing the economics and complexity of deploying high performance networking solutions in underserved and underpenetrated markets globally. Our technology platforms focus on delivering industry-leading performance, compelling price-performing characteristics and an unparalleled user experience. For more information visit http://www.ubnt.com/

The Ubiquiti Networks, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10852

Safe Harbor for Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "prospects", "look", "anticipate", "believe", "estimate", "expect", "consider", and "plan", and statements in the future tense are forward-looking statements. Such statements include statements relating to expected performance and adoption of our new technology platforms, expected long-term growth prospects, profitability, positive cash flow and shareholder value. Such statements are subject to risks and uncertainties that could cause actual results to differ from those stated or implied in such forward-looking statements. Such risks include the risk of down turns in the global economy and regional economies in markets in which we serve, increased competition and the introduction of new competing technologies, as well as the risks described in our Form 10-Q filed with the Securities and Exchange Commission on May 2, 2012. Our past performance is not necessarily indicative of our future performance. 

Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.

CONTACT: John Ritchie
         Chief Financial Officer
         Ubiquiti Networks
         408.942.3085 ext 329

Ubiquiti Networks, Inc.

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