Uniserve Communications Corporation

April 29, 2013 15:15 ET

Uniserve Communications Corporation: Financial Results for the Nine Month Period Ending February 28, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2013) - Uniserve Communications Corporation (TSX VENTURE:USS) (the "Company") wishes to announce the results of its third quarterly report for the nine month period ending February 28, 2013, as follows:

Nine Months Ending
Feb. 28, 2013 Feb. 29, 2012
Revenue $ 5,099,410 $ 5,513,071
Cost of revenues 2,636,858 2,873,950
Gross margin $ 2,462,552 $ 2,639,121
Operations and service delivery expenses $ 2,080,196 $ 2,888,972
Amortization of property and equipment 261,842 265,422
Amortization of intangible assets 9,241 8,414
Amortization of deferred finance costs 11,620 16,821
Sales and marketing 51,122 423,141
Stock-based compensation - 211,808
$ 2,414,022 $ 3,814,577
Operating profit (loss) $ 48,531 $ (1,175,456 )

The Company has continued to improve its key measure of operational profitability, EBITDA, during the third quarter of the financial year ended May 31, 2013. In the quarter, the Company increased EBITDA by 32% to $151,000 compared to $114,000 in the previous quarter and more than doubled it from the $75,000 in the same quarter last year.

The Company continues to implement operational efficiencies and cost savings which will be reflected in the current quarter and year end numbers.

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

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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