Uniserve enters Share Exchange Agreement to acquire an additional 20% of Glenbriar Technologies
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, July 04, 2017 (GLOBE NEWSWIRE) -- Uniserve
Communications Corporation (TSX-V:USS) is pleased to announce, subject to
regulatory approval, it has entered into an agreement with the five principals
and directors of Glenbriar Technologies Inc. to acquire an additional 20% of the
issued and outstanding shares.
Uniserve will exchange 2,148,450 (post consolidation) Uniserve shares for an
additional 26,855,804 Glenbriar shares held by the directors of Glenbriar. Upon
closing of this transaction, Uniserve will own 82.2% of the issued and
outstanding shares of Glenbriar. The expected closing date for this transaction
is on or before July 31, 2017.
As Uniserve's CEO Nicholas Jeffery stated, "This is another vital step in the
integration of the Glenbriar team into Uniserve, allowing us to deliver on our
strategy to build revenue, strengthen our managed service portfolio and expand
nationally across Canada."
Uniserve further wishes to announce that it has closed on the transaction to
purchase Xanity Cloud Solutions Inc. as announced in the June 12, 2017 press
release.
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: 04.07.2017 - 22:07 Uhr
Sprache: Deutsch
News-ID 551036
Anzahl Zeichen: 3500
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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"Uniserve enters Share Exchange Agreement to acquire an additional 20% of Glenbriar Technologies"
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