VANCOUVER, British Columbia, Sept. 19, 2017 (GLOBE
NEWSWIRE) -- Uniserve Communications Corporation (the "Company") is
pleased to announce fiscal year end results for 2017, showing
a 13% increase in revenues
to $7.1m, along with a
sizeable $756k swing in EBITDA; from a
negative ($549k) to a positive $208k. For the fiscal year
of 2017, there was an overall net profit
of $71k compared to a net
loss of ($958K) in 2016.
Uniserve's CEO, Nicholas Jeffery, who joined the
Company in March of 2017, commented: "The
board and I are delighted with these results as they are even
better than we expected. It is an excellent reflection on the
massive transformation of our business from a marketing,
positioning, product development, core technology and commercial
stand point. This builds the solid infrastructure we need to
fulfill our goal of doubling revenues annually, going national and
strengthening our managed services portfolio."
During the fiscal year, the Company
also reduced both long-term and
short-term debt by $1.8M, as Uniserve continued its
strategic changes and growth strategy.
The Company's recent acquisitions of Glenbriar
Technologies and Xanity Cloud Solutions are being integrated
seamlessly. The Company is already seeing synergies between the
three brands and the upsell opportunities within their various
clients and is on track to integrate all the three businesses under
the Uniserve brand as they head into a new phase of expansion and
growth.
About Uniserve
Uniserve (TSX-V:USS) is a unified communications
company delivering integrated voice, data and media services to
over 13,000 customers within the residential, business to business
and enterprise IT markets, across Canada, with offices in
Vancouver, Calgary and Waterloo & Toronto Corridor.
The company has been in existence for almost 28
years and has a client base across three sectors, selling directly
and through the wholesale and value added reseller
channels.
Uniserve prides itself on delivering world class customer services.
They believe when all else is equal, you can trust the company to
offer highly competitive pricing and cutting edge technology
bundles, all underpinned by an exemplary customer service team
based in Canada.
This news release was prepared on behalf of the
Board of Directors, which accepts full responsibility for its
contents.
Learn more at www.uniserve.com or
at www.sedar.com.
Michael C.
Scholz
Chairman of the Board
For more information please contact Mr. Mark
Stanton at 604-395-3908 or email us
at mark.stanton@uniserveteam.com.
Neither TSX Venture Exchange nor
its Regulations Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Management has prepared
this release and no regulatory authority has approved or
disapproved the information contained herein. The statements
contained in this news release that are not historical facts are
forward looking statements. Such statements are based on
management's estimates, assumptions and projections using available
information. Uniserve cautions that actual financial results could
differ materially from the current expectations due to several
factors.
