February 19, 2010 15:45 ET

Uniserve Completed Private Placement of Units

NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2010) - Uniserve (TSX VENTURE:USS) announces that it has completed the non-brokered private placement of 4,000,000 units of Uniserve at $0.05 per unit. Each unit consists of one common share and one share purchase warrant (a "Warrant"). Each Warrant will be exercisable into an additional common share of Uniserve at a price of $0.10 per share for a period of two years. No fees were paid in connection with this private placement.

About Uniserve Communications Corporation:

Uniserve Communications is an industry leader in the integration and delivery of voice and data services over multiple IP networks including Cable, ADSL, Fibre and Wireless Broadband. Uniserve delivers digital voice and data services directly or through wholesale partnerships to small and medium enterprises and retail consumers throughout Canada. Uniserve is a publicly traded company listed on the Canadian TSX.V exchange under the trading symbol "USS".

Additional corporate and financial information may be found at www.sedar.com.

On Behalf of the Board,

Michael Schmidt, President and CEO

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

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