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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 |
Uniserve Communications Corporation (TSX VENTURE:USS) (the "Company") wishes to announce the results of its third quarterly report for the nine month period ending February 28, 2013, as follows: Nine Months Ending ----------------------------------- Feb. 28, 2013 Feb. 29, 2012 ----------------------------------- Revenue $ 5,099,410 $ 5,513,071 Cost of revenues 2,636,858 2,873,950 ---------------------------------------------------------------------------- Gross margin $ 2,462,552 $ 2,639,121 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Expenses Operations and service delivery expenses $ 2,080,196 $ 2,888,972 Amortization of property and equipment 261,842 265,422 Amortization of intangible assets 9,241 8,414 Amortization of deferred finance costs 11,620 16,821 Sales and marketing 51,122 423,141 Stock-based compensation - 211,808 ---------------------------------------------------------------------------- $ 2,414,022 $ 3,814,577 ---------------------------------------------------------------------------- Operating profit (loss) $ 48,531 $ (1,175,456) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- The Company has continued to improve its key measure of operational profitability, EBITDA, during the third quarter of the financial year ended May 31, 2013. In the quarter, the Company increased EBITDA by 32% to $151,000 compared to $114,000 in the previous quarter and more than doubled it from the $75,000 in the same quarter last year. The Company continues to implement operational efficiencies and cost savings which will be reflected in the current quarter and year end numbers. 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 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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