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Financial Results for the Six Month Period Ending November 30, 2012 / Stronger EBITDA / Change in Board of Directors and Senior Management
VANCOUVER, BRITISH COLUMBIA, Jan 29, 2013 (MARKETWIRE via COMTEX) --
Uniserve Communications Corporation (the "Company") (TSX VENTURE:
USS) wishes to announce the results of its second quarterly report
for the six month period ending November 30, 2012, as follows:
Six Months Ending Nov. 30
2012 2011
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Revenue $ 3,501,181 $ 3,592,389
Cost of revenues 1,793,423 1,902,855
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$ 1,707,757 $ 1,689,534
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Expenses
Operations and service delivery expenses $ 1,383,262 $ 2,118,033
Amortization of property and equipment 167,299 172,795
Amortization of intangible assets 6,050 5,609
Amortization of deferred finance costs 7,747 11,214
Sales and marketing 142,729 332,241
Stock-based compensation - 207,128
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$ 1,707,087 $ 2,847,020
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Operating profit (loss) $ 670 $ (1,157,486)
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The Company has continued improvements to its key measure of
operational profitability, EBITDA, during the second quarter of the
financial year ended May, 2013. In the quarter, the Company increased
EBITDA to $114,000 compared to $68,000 in the previous quarter and
($124,000) in the same quarter last year.
The Company further wishes to announce that Mr. Joseph Willmott has
joined the Company's Board of Directors. Mr. Willmott is the Founder
and General Manager of Westcap Business Centre Inc., a business
development and funding specialist, and the President of HealthSpace
Informatics Ltd./HealthSpace U.S.A. Inc., an international IT firm
that provides sophisticated management systems to environmental and
public health organizations in North America with clients that
include 305 Health Departments in Canada and the US.
The Company further wishes to announce that its current President,
Mr. Bruce Sanderson, has joined the Board of Directors and that Mr.
Albert Lim has been appointed as the Interim Chief Financial Officer
of the Company.
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 or www.uniservecloud.com.
This news release was prepared on behalf of the Board of Directors,
which accepts full responsibility for its contents.
Bruce Sanderson, President
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.
Contacts:
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-7085
invest@uniserve.com
www.uniserve.com
SOURCE: Uniserve Communications Corporation
mailto:invest@uniserve.com
http://www.uniserve.com
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