Uniserve's Q1 results indicate 30% revenue increase
(Thomson Reuters ONE) -
VANCOUVER. British Columbia, Oct. 30, 2017 (GLOBE NEWSWIRE) -- Uniserve
Communications Corporation (the "Company") is pleased to announce the first
quarter 2018 financial results. Year to date revenue has increased by 30%. The
Company finished the first quarter with:
* Gross revenues for fiscal Q1 year to date of $2.11M vs $1.62M or 30%
increase over same period last year.
* Operating expenses for Q1 2018 rose to $1.22M vs 2017 Q1 costs of $760K,
primarily due to support for future growth and the costs associated with
Glenbriar acquisition, which occurred during the quarter.
* Q1 fiscal 2018, EBITDA loss of $499k, vs Q1 2017 loss of $257k, primarily
due to increases in staffing and associated costs of assimilating two
acquisitions during the quarter.
For Q1 fiscal 2018 table, please click
here: http://www.globenewswire.com/NewsRoom/AttachmentNg/cbe31e2b-46d7-4f4e-
b553-e9a10fbd3f26.
About Uniserve
Uniserve (TSX:USS.V) is a unified communications company delivering integrated
voice, data and media services to over 13,000 customers within the residential,
business to business and enterprise IT markets, currently focusing on Western
Canada.
The company has been in existence for almost 28 years and has a client base
across three sectors selling directly and through the wholesale channel.
The recent corporate restructuring has resulted in most the board and management
team being replaced, culminating in the hiring of Nicholas Jeffery the new CEO
from Europe, who has a wealth of internet service provider and managed service
company experience.
Uniserve prides itself on delivering world class customer services. They believe
when all else is equal you can trust the company to offer highly competitive
pricing and cutting edge technology bundles, all underpinned by an exemplary
customer service team based in Canada.
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 several 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: 30.10.2017 - 14:01 Uhr
Sprache: Deutsch
News-ID 565813
Anzahl Zeichen: 3666
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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