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USS Uniserve Communications Corporation

0.03
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Uniserve Communications Corporation TSXV:USS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.03 0.045 0 20:59:59

Financial Results for the Six Month Period Ending November 30, 2012 / Stronger EBITDA / Change in Board of Directors and Seni...

29/01/2013 8:27pm

Marketwired Canada


Uniserve Communications Corporation (the "Company") (TSX VENTURE:USS) wishes to
announce the results of its second quarterly report for the six month period
ending November 30, 2012, as follows:




                                                  Six Months Ending Nov. 30 
                                                        2012           2011 
                                             -------------------------------
Revenue                                         $  3,501,181   $  3,592,389 
Cost of revenues                                   1,793,423      1,902,855 
----------------------------------------------------------------------------
                                                $  1,707,757   $  1,689,534 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Expenses                                                                    
 Operations and service delivery expenses       $  1,383,262   $  2,118,033 
 Amortization of property and equipment              167,299        172,795 
 Amortization of intangible assets                     6,050          5,609 
 Amortization of deferred finance costs                7,747         11,214 
 Sales and marketing                                 142,729        332,241 
 Stock-based compensation                                  -        207,128 
----------------------------------------------------------------------------
                                                $  1,707,087   $  2,847,020 
----------------------------------------------------------------------------
                                                                            
Operating profit (loss)                         $        670   $ (1,157,486)
----------------------------------------------------------------------------
----------------------------------------------------------------------------



The Company has continued improvements to its key measure of operational
profitability, EBITDA, during the second quarter of the financial year ended
May, 2013. In the quarter, the Company increased EBITDA to $114,000 compared to
$68,000 in the previous quarter and ($124,000) in the same quarter last year.


The Company further wishes to announce that Mr. Joseph Willmott has joined the
Company's Board of Directors. Mr. Willmott is the Founder and General Manager of
Westcap Business Centre Inc., a business development and funding specialist, and
the President of HealthSpace Informatics Ltd./HealthSpace U.S.A. Inc., an
international IT firm that provides sophisticated management systems to
environmental and public health organizations in North America with clients that
include 305 Health Departments in Canada and the US.


The Company further wishes to announce that its current President, Mr. Bruce
Sanderson, has joined the Board of Directors and that Mr. Albert Lim has been
appointed as the Interim Chief Financial Officer of the Company.


Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in
the integration and delivery of voice, data and cloud computing services to
businesses and retail consumers throughout Canada. For more information about
Uniserve, its products and services please visit www.uniserve.com or
www.uniservecloud.com.


This news release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.


Bruce Sanderson, President

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 a number of
factors.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-7085
invest@uniserve.com
www.uniserve.com

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