Uniserve Communications Corporation

Uniserve Communications Corporation

September 30, 2013 16:38 ET

Uniserve Communications Corporation: Financial Results for the Fiscal Year Ending May 31, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - Uniserve Communications Corporation (the "Company") (TSX VENTURE:USS) wishes to announce the results for its fiscal year ended May 31, 2013, as follows:

Twelve Months Ending
May. 31, 2013 May. 31, 2012
Revenue $ 6,765,786 $ 7,372,128
Cost of revenues 3,389,759 3,741,237
Gross margin $ 3,376,027 $ 3,630,891
Operations and service delivery expenses $ 2,839,495 $ 3,702,791
Amortization of property and equipment 357,183 358,557
Amortization of intangible assets 18,328 12,472
Amortization of deferred finance costs 16,234 22,430
Sales and marketing 378,630 497,923
Stock-based compensation - 257,608
$ 3,609,870 $ 4,851,781
Operating profit (loss) $ (233,843 ) $ (1,220,890 )

During the year ended May 31, 2013, the Company improved its operational efficiencies and cost savings which resulted in an operational loss of $234,000 compared to a loss of $1,221,000 in the previous year.

The Company EBITDA for the year improved by $705,000 to $159,000 from negative $546,000 in fiscal 2012. During the fourth quarter, the Company began investing in its sales and marketing initiatives to augment its revenue in fiscal 2014.

Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in the integration and delivery of voice, data and cloud computing services to businesses and retail consumers throughout Canada. For more information about Uniserve, its products and services please visit www.uniserve.com.

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

Bruce Sanderson, President and CEO

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