VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/30/13 — Uniserve Communications Corporation (TSX VENTURE: USS) (the “Company”) wishes to announce the results for the three months ended August 31, 2013, as follows:
During the three months ended August 31, 2013, the Company reported an operating loss of $331,481 compared to a loss of $20,275 in the same period last year. The Company-s EBITDA for the quarter was $(141,000) compared to $(27,000) for the same quarter last year. The growth in revenue that the Company expects to occur as a result of its sales initiatives has begun but has not yet reached the level needed to overcome the natural churn in accounts. The decrease in gross margin was primarily a result of the additional upfront costs related to the new security division.
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 .
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
Bruce Sanderson, President and CEO
For more information please contact Investor & Corporate Relations at 604-395-3922 or , or visit .
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News 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.
Contacts:
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-3922
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