Uniserve Communications Corporation
TSX VENTURE : USS

Uniserve Communications Corporation

February 25, 2015 09:00 ET

Uniserve Shareholders Approve 5 for 1 Consolidation of the Company's Shares at Special Shareholder's Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 25, 2015) - Uniserve Communications Corporation (the "Company" or "Uniserve") (TSX VENTURE:USS) announces that it will proceed with its proposed share consolidation on the basis of five (5) pre-consolidated common shares for one (1) post-consolidated common share. The consolidation was approved by the shareholders of Uniserve Communications Corporation at a Special Shareholder's Meeting held on February 24th. 2015.

Uniserve currently has 65,437,809 shares issued and outstanding. On a post-consolidation basis there will be approximately 13,087,561 shares issued and outstanding. Uniserve will not change its name, or its trading symbol, as part of the consolidation but will issue new share certificates under a new CUSIP number.

Further to its news release of December 10, 2014, Uniserve also announces that on February 4, 2015 the TSX Venture Exchange accepted for filing the Company's amended proposal to issue 15,568,764 common shares to settle $889,549 worth of debt. These shares were issued on February 11, 2015 and the debt has been extinguished.

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.

Michael C. Scholz, Chairman

For more information please visit www.uniserve.com.

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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