Uniserve Communications Corporation

August 05, 2011 17:06 ET

Uniserve Sells Eastern Customer Base

Will Focus on Dell/Joyent Cloud Computing Launch

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2011) - Uniserve Communications Corp. (TSX VENTURE:USS) is pleased to announce the $2 million sale of its Eastern assets allowing the company to clear its debt and focus on building out its offerings for its existing customer base. "This strategic move allows Uniserve to develop and build our business to business market and focus on our Cloud Computing launch," said Michael Schmidt, Uniserve CEO.

"With this transaction, Uniserve has paved the way to build our Dell/Joyent Cloud Computing Solution for the business to business market in Canada," Schmidt said. The demand for Cloud based business services in Canada is overwhelming. The Canadian Government has now adopted an official Cloud Computing Strategy and the US Government already budgeting $1 Billion exclusively to Cloud Computing, Schmidt said, "Uniserve is excited to be one of the first Canadian companies to enter the North American Cloud Computing market estimated to be worth over $100 Billion by 2015." He added, "The Cloud Computing market is expected to grow by 50% in 2012 alone." This clears the way for Uniserve to build its Data Centre at the new corporate head office on Terminal Avenue in Vancouver.

Uniserve Communications (TSX: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. Learn more at www.uniserve.com or at www.sedar.com.

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

Michael Schmidt, 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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  • Uniserve Communications Corporation
    Michael Schmidt