Unisync Corp.

Unisync Corp.

October 17, 2014 11:59 ET

Unisync Corporate Developments

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 17, 2014) - Unisync Corp. (TSX VENTURE:UNI)(TSX VENTURE:UNI.A) (the "Company") is pleased to announce that it has met the requirements to graduate to Tier 1 on the TSX Venture Exchange. Effective October 17, 2014, the Company's Tier classification changed from Tier 2 to Tier 1. Tier 1 is the TSX Venture Exchange's premier tier and is reserved for the most advanced Issuers with the most significant financial resources.

Change to Single Class of Shares

The board of directors have agreed to present a special resolution to shareholders at its annual general meeting to be scheduled for late February 2015 to collapse its dual share structure, currently consisting of Class A non-voting equity shares, (TSX VENTURE:UNI.A) and Class B common shares (TSX VENTURE:UNI) into a single class on a one-for-one basis. Having a single class of traded shares should benefit all shareholders through enhanced marketability and trading volumes. The collapse of the dual share structure will be subject to shareholder and regulatory approval.

Acquisition of Outlet Store

The Company is also pleased to announce that it has assumed operation of the Mississauga Outlet Store previously owned and operated by R Nicholls Distributors Inc. of Longueuil, Quebec. The Outlet Store, which is located at 6325 Dixie Road, Mississauga, Ontario, has been supplying Canadian public safety agencies in the region with a vast selection of equipment, boots and uniform products since 1991. "We are pleased to welcome the store Manager, Jamie Panday, and his experienced staff to the Unisync Team and look forward to continuing to serve the needs of customers such as Emergency Medical Services (EMS), Fire Departments, Police, Canadian Border Services Agencies (CBSA) and other security related entities" commented Unisync Group President, Carmin Garofalo; "The store will also provide an outlet for Unisync's existing security and EMS customers to purchase hard good items and footwear related to their job functions that were previously not available through Unisync."

Change in Fiscal Year End

The Company also announces that it has completed the process of changing its financial year-end from November 30 to September 30, effective for the financial period ending September 30, 2014. The change in financial year-end enables the year-end of the Company to coincide with that of recently acquired Unisync Group Limited and allows its fiscal interim period ends to correspond with the standard calendar quarters.

About Unisync

Unisync's principal business is its 90% limited partnership interest in Peerless Garments LP ("Peerless") based in Winnipeg, Manitoba and recently acquired Ontario based Unisync Group Limited ("Unisync Group") that has a satellite operation in Calgary, Alberta. The combined entities represent a vertically integrated and unique 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. Specializing in the production and distribution of highly technical protective garments, military operational clothing, accessories and corporate image wear; the combined client base stretches across a broad spectrum of Federal, Provincial and Municipal government departments and agencies such as the Armed Forces and the RCMP, as well as a list of leading Canadian corporations in a variety of industries.


Douglas F. Good, Chief Executive Officer

Forward-Looking Statements

This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Examples of such forward looking statements include statements regarding the Company's intention to collapse its dual share structure. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to receipt of shareholder and regulatory approval in respect of the collapse of the dual share structure and other factors described in the Company's reports filed on SEDAR including its management's discussion and analysis. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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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