Uniserve Communications Corporation

October 04, 2012 13:09 ET

EBITDA Growth Continues in Fourth Quarter & Uniserve Signs Major Wholesale Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2012) - Uniserve Communications Corporation (the "Company") (TSX VENTURE:USS) is pleased to announce that it has continued its key measure of operational profitability, EBITDA, during the fourth quarter of the financial year ended May 2012. In the quarter Uniserve increased EBITDA to $168,000 which represents a 120% growth on the third quarter and the 4th consecutive quarter of EBITDA improvement.

Gross margin as a percentage of sales continued to increase quarter on quarter, from 49.5% in Q3 to 53.3% in Q4. This growth combined with a reduction in operating expenses of 15.4% compared to Q3 delivered the improvements.

Uniserve is also pleased to announce that it has signed a significant wholesale agreement with a major partner to supply services to their 100,000 strong user base. Initially Uniserve will focus on delivering core ADSL and billing services to this customer with further product roll out being planned.

According to Uniserve Chief Executive Officer Mike Schmidt, "This contract gives Uniserve a great opportunity to focus on its core competencies and deliver significant potential top line growth. We are very excited by the opportunity to scale our business rapidly, which will allow us to build on the improved financial results we have seen over the past two quarters."

Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in the integration and delivery of voice and data services over multiple IP networks directly or through wholesale partnerships to businesses and retail consumers throughout Canada.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

Michael Schmidt, 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.

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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