SOURCE: Unisync Corp.

March 04, 2015 09:00 ET

Unisync Announces Share Reorganization

VANCOUVER, BC--(Marketwired - March 04, 2015) - Unisync Corp. (TSX VENTURE: UNI) (TSX VENTURE: UNI.A) (the "Company") is pleased to announce that its Class A restricted equity shares (TSX VENTURE: UNI.A) will be re-designated into Class B common shares (TSX VENTURE: UNI) on a one-for-one basis effective March 5, 2015. In addition, the existing Class C Preferred Shares, Class D Preferred Shares and Class E Preferred Shares are being deleted and a new Class of Class A Preferred Shares issuable in series is being created. Having a single class of traded shares should benefit all shareholders through enhanced marketability and trading volumes. Following the re-designation, there will be 12,099,199 Class B shares issued and outstanding and 358,501 Class B common shares reserved for issuance pursuant to outstanding options under the Company's stock option plan. The Share Reorganization was approved by the shareholders of the Company at its annual and special meeting held on February 24, 2015.

Share certificates representing outstanding Class A restricted equity shares shall be deemed to represent share certificates for Class B common shares on and after March 5, 2015. Registered holders of Class A restricted equity shares are encouraged to exchange their certificates for certificates representing Class B common shares by contacting the Company's transfer agent, Computershare Investor Services at 1-800-564-6253. The Class A restricted equity shares will be delisted from the TSX Venture Exchange as a result of the Share Reorganization.

The Class B common shares will continue to trade under the current symbol "UNI" on the TSX Venture Exchange and the CUSIP number for the Class B common shares will remain unchanged as 90922H207.

About Unisync

Unisync through its brands, has been a customer focused leading provider of corporate apparel in Canada for over 80 years. Our goal has been to make the process of ordering, receiving and wearing corporate apparel a pleasant experience for our customers. We are vertically integrated and a proudly Canadian enterprise with exceptional capabilities in domestic manufacturing and off-shore outsourcing, combined with state-of-the-art web based B2B ordering and distribution systems.

In addition to corporate image wear, Unisync also specializes in the production and distribution of highly technical protective garments, military operational clothing, and accessories through its Winnipeg based subsidiary, Peerless Garments LP.

In October 2014 Unisync expanded into the provision of duty gear and other equipment with the assumption of the Mississauga Outlet Store previously owned and operated by R Nicholls. The Outlet Store has been supplying Canadian public safety agencies in the region with a vast selection of equipment, footwear and uniform products since 1991. We believe this places Unisync in the unique position of utilizing our core competencies in state-of-the-art web based B2B ordering, program management and distribution systems to provide an efficient single-source for not only technical and operational clothing needs but also related duty gear and other equipment.

The combined client base stretches across a broad spectrum of Federal, Provincial and Municipal government departments and agencies, as well as a list of leading Canadian iconic brands in a variety of industries.


Douglas F. Good
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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