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2017 Press Releases
Uniserve Announces New CEO
Vancouver, BC: February 15, 2017 – Uniserve Communications Corporation (“Uniserve”) is pleased to announce the appointment of Nicholas Jeffery, a former Director of the Data Centre Solutions group at CBRE (the world’s largest commercial real estate services firm) as its new CEO effective March 1st, 2017. Mr Jeffery will be moving from London to Vancouver, with his wife and young family joining him in the spring.
Uniserve reports substantial EBITDA increase after restructuring
‘Strengthening internal infrastructure’ saw major payoff in Q2
Vancouver, BC: January 31, 2017 – Uniserve Communications Corporation (the “Company”) is pleased to announce that as a result of the second quarter corporate restructuring activity, the fiscal Q2 2017 financial results show a 28% reduction in operating expenses, a 16.6% increase in revenues and a 145% improvement in EBITDA versus the Q2 2016 results.
European data centre heavy weight joins Uniserve board
Vancouver, BC: January 19, 2017 – Uniserve Communications Corporation (the “Company”) wishes to announce that at the Annual General Meeting scheduled for January 19, 2017, each of Messrs. Nicholas Jeffery, Hashim Mitha, Earnest C. Beaudin, Michael C. Scholz, Walter Schultz, Kelly Walker and Thorsten Gutsche will stand for election to act as Directors of the Company as approved by its Shareholders for the ensuing year. Mr. Albert Lim, the former Interim Chief Financial Officer of the Company, will not stand for relection as a Director. At this time, the Company wishes to thank Mr. Lim for his contribution to the Company since his joining the Board in July of 2014, and wishes him every success in his future endeavours.
Uniserve announces new VP of Technology, new CFO
Vancouver, BC: January 10, 2017 – Uniserve Communications Corporation (the “Company”) is pleased to announce that as part of the Board of Directors continuing corporate restructuring plan, Messrs. Gurmeet Jutla and Iain Gordon have been added to the Company’s Management team. Mr. Jutla is the former Senior Director of Technical Operations at Radiant Communications, and Mr Iain Gordon, a member of the CMA with extensive accounting, finance, and corporate controller experience.
2016 Press Releases
Uniserve Increases Private Placement to 35,000,000 Units at $0.05 per Unit
Vancouver, BC: December 19, 2016 – Uniserve Communications Corporation (the “Company”) is pleased to announce that as a continuing part of the Board of Directors corporate restructuring plan, it has increased the private placement disclosed in its October 13, 2016 Press Release from 15,000,000 Units to 35,000,000 Units with each Unit consisting of one common share and one transferrable two year share purchase warrant exercisable at $0.05 per share during year one, and $0.06 per share during year two. Total proceeds of $1,750,000 will be used to satisfy the settlements disclosed in the December 7, 2016 Press Release and the balance for working capital. The placement is anticipated to close in the next thirty days and over half will be taken by management, employees and insiders of the Company. Cash fees of $25,500 and 4,216,000 warrants issued on the same terms and conditions as the Units, will be issued in consideration of this placement.
Uniserve reduces short term debt by $1m
Vancouver, BC: December 7, 2016 – Uniserve Communications Corporation (TSX-V: USS) Uniserve Communications Corporation (the “Company”) wishes to announce that as part ot the Board of Directors corporate restructuring plan, it has successfully negotiated an amendment to the terms of over $2,500,000 in short-term debt, through the reduction of interest rates, extention of terms, and a write-down of interest and principal amounts. These settlements will reduce the Company’s debt service by approximately $85,000 per year and reduce its short-term debt by approximately $1,000,000, thereby strengthening its balance sheet as it gears for significant growth.
Uniserve invests $500k to upgrade Data Centre
Vancouver, BC: November 22, 2016 – Uniserve Communications Corporation (the “Company”) wishes to announce that the board has agreed to a $500,000 advanced technology upgrade to its data centre. The data centre, located just outside of the downtown core and outside of the city power grid, continues to attract companies for data storage throughout the lower mainland. The Company has been providing managed services for companies, data storage and data backups for the past 18 months, and continues to expand its platform.
Uniserve appoints three new board members
Vancouver, BC: November 10, 2016 – Uniserve Communications Corporation (the “Company”) wishes to announce the appointment of three new independent members to its board of Directors. Messrs. Thorsten Gutsche, Kelly Walker and Walter Schultz have recently been appointed to the board.
Uniserve receives largest order in its history
Vancouver, BC: October 24, 2016 – Uniserve Communications Corporation (the “Company”) wishes to announce that it has entered into a contract to provide extensive B2B technology and IT Solutions to a major international institution representing the largest single order in its history amounting to added revenue of approximately $1,000,000. The work will be completed in stages over the next six month period and will commence before the end of this month.
15,000,000 Unit Private Placement @ $0.05 per Unit
Vancouver, BC: October 13, 2016 – Uniserve Communications Corporation (the “Company”) wishes to announce that Hashim Mitha, the current President and Chief Operating Officer, has been appointed interim Chief Executive Officer allowing John Dobson to focus his efforts on growing the Company`s enterprise consulting division.
Appointment of Hashim Mitha as President and Chief Operating Officer
Vancouver, BC: September 15, 2016 –Uniserve Communications Corporation (the “Company”) wishes to announce that Hashim Mitha has been appointed the President and Chief Operating Officer, and will remain a Director of the Company.
Uniserve Enters into Agreement with QCA Systems
Vancouver, BC: February 3, 2016 – Uniserve Communications Corporation (“Uniserve” or the “Company”) is pleased to announce that it has entered into a relationship with QCA Systems providing state of the art robust industrial SCADA (supervisory control and data acquisition) network solutions and IT infrastructure for high availability to QCA customers who operate mission critical industrial environments. QCA will offer their customer base access to Uniserve’s new managed services offerings and application delivery systems. This is part of the expanding focus on new service offerings to B2B clients by Uniserve.
2015 Press Releases
Uniserve Launches Full Suite of Managed Services
Vancouver, BC: December 2, 2015 – Vancouver, BC: December 16, 2015 – Uniserve Communications Corporation (“Uniserve” or the “Company”) is pleased to announce the successful launch of our new suite of Managed Services. The Company has signed its first five major managed services contracts totaling $229,000 in annual revenue. Most of this annual revenue is recurring on a monthly basis. The recent completion of the Company’s Canadian based data centre, located just outside of the Vancouver downtown grid, allows Uniserve business clients a suite of storage options in our Tier 2 data centre.
Increase and Closing of Previously Announced $0.07 Unit Private Placement
Vancouver, BC: December 2, 2015 – Uniserve Communications Corporation (the “Company”) is pleased to announce that it has increased its originally announced 5,000,000 Unit private placement pursuant to its November 4, 2015 press release, to 6,500,000 Units, and closed this transaction having received TSX Venture Exchange conditional approval.
Uniserve Launches New Website And Appoints New Vice President of Sales
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 9, 2015) – Uniserve Communications Corporation (the “Company”) (TSX VENTURE:USS) has recently launched a new website at http://www.uniserve.com. This site more accurately represents the recent growth and expansion of the Company’s residential and business services, and focuses on a streamlined access to information, including current network status, connection speed tests, and live chat support with customer service representatives.
Uniserve Approved By CRTC Revised Exemption To Begin Providing Internet T.V. To Its Subscriber Base
CRTC Also Determines Uniserve And Other Regional ISPs Will Be Able To Access Large Internet Service Providers’ Fibre-Optic Networks To Foster Competition And Provide More Consumer Options
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 12, 2015) – The CRTC (Canadian Radio-Television and Telecommunications Commission) has reported that Uniserve Communications Corporation (TSX VENTURE:USS) (the “Company”) will be added to the list of registered exempt Broadcast Distribution Undertakings (BDUs) upon notice by the Company that it is prepared to commence IPTV operations. Following submission of a BDU to the CRTC last fall, the Commission determined it would broaden the exemption order for terrestrial BDUs with fewer than 20,000 subscribers, thus allowing Uniserve to implement its IPTV strategy. Once the Company reaches 20,000 subscriptions to its IPTV service, it will then apply for a standard BDU regional license.
2014 Press Releases
Uniserve’s chairman to take on additional role of CEO as the company pursues growth strategy
Vancouver, BC: October 22, 2014 – Uniserve Communications Corporation (the “Company”) announces that Joseph Willmott has resigned as President, CEO and Director of the Company. The move will allow Mr. Willmott to focus his time and efforts in furthering the business plan of HealthSpace Informatics, a company on whose board he sits and for which he provides direction as the President & CEO. The employees of Uniserve and its Board of Director’s thank Mr. Willmott for his contribution and service to the Company and wish him much success in his future endeavours.
$1,000,000 Financing / Appointment of New Officers
Vancouver, BC: March 4, 2014 – Uniserve Communications Corporation (the “Company”) wishes to announce it has arranged a $1,000,000 financing comprised of a Convertible Debenture and offering of 10,000,000 Units by way of a private placement at $0.05 per unit. The proceeds derived from this financing will be used for general corporate and development purposes. This transaction is subject to TSX Venture Exchange approval.