Uniserve to buy Managed Services Company
(Thomson Reuters ONE) -
Includes Private Microsoft Azure Pack, New Expertise and Managed Services
Technology
VANCOUVER, B.C., June 12, 2017 (GLOBE NEWSWIRE) -- Uniserve Communications
Corporation (TSX-V:USS.V) is pleased to announce it has entered into an
agreement to purchase Xanity Cloud Solutions, a BC based managed service
company. Ms. Sarah Morton, the CEO of Xanity, who has been in the IT Managed
Services business for over 15 years, will be joining Uniserve as the head of
Enterprise Managed Services and Data Centre Group. The closing will take place
before the end of June.
A critical component of the purchase was also acquiring the Microsoft Azure
Private Pack. As Uniserves VP of Technology, Gurmeet Jutla recently said:
"By having our own Microsoft Azure Pack, hosted on the west coast of Canada,
companies will now have the ability to run their primary workload in a private
cloud while being able to augment spot resources in the public Azure cloud for
the small durations required. This is feasible and very advantageous for
businesses, because the two clouds are very similar. Given the politics in the
UK and issues around data sovereignty and security in the US- this makes eminent
sense for the Canadian market."
The Company further wishes to announce that it has agreed to a private placement
of 4,000,000 Units at $0.10 per unit closing on or before June 30th2017, each
unit consisting of one common share and one transferable 2 year share purchase
warrant. One warrant will be exercisable for one additional common share at
$0.10 per share during year one, or $0.11 per share during year two. The
proceeds derived from the total 4,000,000 Unit placement will be used for
working capital. There will be no fees payable in relation to this private
placement.
The company also wishes to announce that all but 125,000 warrants of the the
12,353,000 warrants exercisable at $0.10 expiring June 10, 2017 were exercised.
The CEO of Uniserve, Nicholas Jeffery said: "This is a significant validation of
our ability to create a far reaching vision and implement it. It's rare for a
business trading at this level and early on in its growth strategy to have such
a positive result with this amount of warrants exercised."
About Uniserve
Uniserve is a unified communications company which has been in existence for
over 28 years, combining voice, data and media all into one seamless solution,
one bill and one point of contact in Canada.
Uniserve has 13,000 customers spread across Residential / Small Office / Home
office and Enterprise, so where ever you are trying to make smart, secure and
resilient - we can help you.
Uniserve prides itself on world class customer services, when all else is equal
you can trust Uniserve to have a great price, a world class customer experience
and a company you trust and like working with.
This news release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.
Learn more at www.uniserve.com or at www.sedar.com.
Michael C. Scholz
Chairman of the Board
For more information please contact Mr. Mark Stanton at 604-395-3908 or email us
at mark.stanton(at)uniserveteam.com.
Neither TSX Venture Exchange nor its Regulations Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this 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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UNISERVE COMMUNICATIONS CORPORATION via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.06.2017 - 15:32 Uhr
Sprache: Deutsch
News-ID 547406
Anzahl Zeichen: 4719
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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"Uniserve to buy Managed Services Company"
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