Uniserve’s Year-End Results 2018 and resignation of Director
04 October 2018 - 10:33AM
Uniserve’s Year-End Results 2018 and resignation of Director
Uniserve Communications Corporation (the “Company”) announces
fiscal year-end results for 2018, showing a 24% increase in
revenues to $8.8M. EBITDA decreased from a positive $208K to a
negative $2,551K. For the fiscal year of 2018, there was an overall
net loss of $4,017K compared to a net profit of $71K in 2017.
The Company further wishes to announce the
resignation of Nicholas Jeffery as a Director of the Company, on
September 28th, 2018 coinciding with his dismissal as the CEO of
the Company on same date.
About Uniserve
Uniserve is a 2018 TSX Venture top 50
performance company.Uniserve is a unified communications
company which has been in business for over 30 years, combining
voice, data and media services all into one seamless solution, one
bill and one point of contact. The unique selling proposition of
the business is “SMART” People, Solutions, and Technology with over
13,000 customers spread across residential and enterprise centered
around Vancouver, Calgary and Kitchener-Waterloo.
Uniserve prides itself on world class customer
service based in Canada. When all else is equal, clients can trust
Uniserve to have a great price, a great experience and to be a
company that customers enjoy working with – we call it “ONE click,
call, connect”.
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 Deanie Wong
deanie.wong@uniserveteam.com +1 6043953953.
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.
Some of the statements contained in this release
are forward-looking statements, such as statements that describe
Uniserve’s plans with respect to the use of the proceeds of the
Private Placement, anticipated increase in Uniserve’s revenues and
the successful integration of the Acquired Assets into Uniserve’s
existing business in Kitchener. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties, including the risks
related to market conditions and regulatory approval and other
risks outlined in the Company’s management discussions and analysis
of financial results. Actual results in each case could differ
materially from those currently anticipated in these
statement. These forward looking statements are made as of the
date of this press release, and, other than as required by
applicable securities laws, Uniserve disclaims any intent or
obligation to update publicly any forward looking statements,
whether as a result of new information, future events or results or
otherwise.
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