Uniserve to buy Managed Services Company
June 12 2017 - 9:27AM
Uniserve Communications Corporation (TSX-V:USS.V) is pleased to
announce it has entered into an agreement to purchase Xanity Cloud
Solutions, a BC based managed service company. Ms. Sarah Morton,
the CEO of Xanity, who has been in the IT Managed Services business
for over 15 years, will be joining Uniserve as the head of
Enterprise Managed Services and Data Centre Group. The closing will
take place before the end of June.
A critical component of the purchase was also acquiring the
Microsoft Azure Private Pack. As Uniserves VP of Technology,
Gurmeet Jutla recently said:
“By having our own Microsoft Azure Pack, hosted on the west
coast of Canada, companies will now have the ability to run their
primary workload in a private cloud while being able to augment
spot resources in the public Azure cloud for the small durations
required. This is feasible and very advantageous for
businesses, because the two clouds are very similar. Given the
politics in the UK and issues around data sovereignty and security
in the US- this makes eminent sense for the Canadian market.”
The Company further wishes to announce that it has agreed to a
private placement of 4,000,000 Units at $0.10 per unit closing on
or before June 30th 2017, each unit consisting of one common share
and one transferable 2 year share purchase warrant. One warrant
will be exercisable for one additional common share at $0.10 per
share during year one, or $0.11 per share during year two. The
proceeds derived from the total 4,000,000 Unit placement will be
used for working capital. There will be no fees payable in relation
to this private placement.
The company also wishes to announce that all but 125,000
warrants of the the 12,353,000 warrants exercisable at $0.10
expiring June 10, 2017 were exercised. The CEO of Uniserve,
Nicholas Jeffery said: “This is a significant validation of our
ability to create a far reaching vision and implement it. It’s rare
for a business trading at this level and early on in its growth
strategy to have such a positive result with this amount of
warrants exercised.”
About Uniserve
Uniserve is a unified communications company which has been in
existence for over 28 years, combining voice, data and media all
into one seamless solution, one bill and one point of contact in
Canada.
Uniserve has 13,000 customers spread across Residential / Small
Office / Home office and Enterprise, so where ever you are trying
to make smart, secure and resilient – we can help you.
Uniserve prides itself on world class customer services, when
all else is equal you can trust Uniserve to have a great price, a
world class customer experience and a company you trust and like
working with.
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 a number of factors.
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