Uniserve to Sell Glenbriar Shares
March 01 2018 - 8:00PM
Uniserve Communications Corporation (“Uniserve”) announces that it
has entered into agreements to sell all of its 112,366,804 common
shares of Glenbriar Technologies Inc. (“Glenbriar”) (representing
approximately 86% of Glenbriar’s outstanding common shares), to
several arm’s length purchasers, for cash consideration in a
private, off-market transaction. The transaction is expected
to close on or before March 9, 2018.
Mr. Walter Schultz will be stepping down from
the board of Glenbriar after the closing of the sale.
Uniserve intends to rely on the “sale from a control block”
or “accredited investor” exemption to complete the sales.
Uniserve’s decision to sell their shares of
Glenbriar was based on the now completed reorganization of the
company, its shift in the core business, and its plan to focus on
new business opportunities.
About Uniserve
Uniserve (TSX-V:USS) is a unified communications
company delivering integrated voice, data and media services to
over 13,000 customers within the residential, business-to-business
and enterprise IT markets, currently focusing on Western
Canada.
The Company has been in existence for almost 30
years and has a client base across three sectors selling directly
and through the wholesale channel.
Recently, the Uniserve board hired Nicholas
Jeffery as the new CEO, who has a wealth of internet service
provider and managed service company experience.
Uniserve prides itself on delivering world class
customer services. It believes that when all else is equal you can
trust the company to offer highly competitive pricing and
cutting-edge technology bundles, all underpinned by an exemplary
customer service team based in Canada.
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 several factors.
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