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USS Uniserve Communications Corporation

0.03
0.00 (0.00%)
07 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 0.04 0.03 0.03 0.03 8,750 14:30:00

Uniserve Communications Corporation: Financial Results for the Fiscal Year Ending May 31, 2013

30/09/2013 9:38pm

Marketwired Canada


Uniserve Communications Corporation (the "Company") (TSX VENTURE:USS) wishes to
announce the results for its fiscal year ended May 31, 2013, as follows:




                                                   Twelve Months Ending     
                                              ------------------------------
                                                    May. 31,       May. 31, 
                                                        2013           2012 
                                              ------------------------------
                                                                            
Revenue                                         $  6,765,786   $  7,372,128 
Cost of revenues                                   3,389,759      3,741,237 
----------------------------------------------------------------------------
Gross margin                                    $  3,376,027   $  3,630,891 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Expenses                                                                    
  Operations and service delivery expenses      $  2,839,495   $  3,702,791 
  Amortization of property and equipment             357,183        358,557 
  Amortization of intangible assets                   18,328         12,472 
  Amortization of deferred finance costs              16,234         22,430 
  Sales and marketing                                378,630        497,923 
  Stock-based compensation                                 -        257,608 
----------------------------------------------------------------------------
                                                $  3,609,870   $  4,851,781 
----------------------------------------------------------------------------
                                                                            
Operating profit (loss)                         $   (233,843)  $ (1,220,890)
----------------------------------------------------------------------------
----------------------------------------------------------------------------



During the year ended May 31, 2013, the Company improved its operational
efficiencies and cost savings which resulted in an operational loss of $234,000
compared to a loss of $1,221,000 in the previous year.


The Company EBITDA for the year improved by $705,000 to $159,000 from negative
$546,000 in fiscal 2012. During the fourth quarter, the Company began investing
in its sales and marketing initiatives to augment its revenue in fiscal 2014.


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.


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


Bruce Sanderson, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this News 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 a number of factors.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-3922
invest@uniserve.com
www.uniserve.com

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