April 12, 2010 14:53 ET

Uniserve Receives US$1,000,000 Payment From Escrow

NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwire - April 12, 2010) - Uniserve Communications Corp. (TSX VENTURE:USS) announces that the Company has received a payment of approximately US$1,000,000 from the tax escrow that was set up in October 2008 at the time of the sale of Parasun Technologies Inc., its wholly owned subsidiary. An agreement was reached with the purchaser, whereby a payment of approximately US$350,000 was paid out of the escrow funds to the purchaser as a settlement for taxes owing by Parasun prior to the sale.

The Company is anticipating a favorable outcome of the outstanding tax issues and expects to receive the remaining US$150,000 that is still held in escrow by July 30, 2010.

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".

For more information about Uniserve, its products and services please visit www.uniserve.com or www.kinzin.com. Additional corporate and financial information may be found at www.sedar.com.

On Behalf of the Board,

Michael Schmidt, President and CEO

This release has been prepared by management 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.

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

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