Uniserve’s recent acquisition doubles revenue expectations

VANCOUVER, British Columbia, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Uniserve Communications Corporation (Uniserve) is pleased to announce a doubling of the expected revenues from the acquisition of RootCellar Technologies in July. RootCellar’s one month revenue is now anticipated to come in at $1.2M versus the $600,000 prior expectations, which includes a multi-year contract to supply the City of Brampton with an enterprise class storage infrastructure and associated Professional Services to help their team integrate the platform into their IT environment. The Uniserve Enterprise Solutions team is in discussion with additional municipalities and public entities to deliver enhanced storage, security, and data centre capabilities.

Uniserve has also recently streamlined several key operational positions within its core business, providing new operational costs savings of circa $800,000 annualized. This is in addition to the RootCellar acquisition which has created a strengthening of product offerings as well as a significant increase in the depth of the Managed Services portfolio.

CEO Nicholas Jeffery says: "The Uniserve Enterprise Solutions team is now stronger than ever. Along with the ongoing relationship with the City of Brampton, we anticipate several more successes with our Municipal Enterprise strategy.”

The recent RootCellar acquisition also allows the new sales team to deliver on partnership products using Trustwave and RootSecure, which primarily provide world class security without the need for additional resources.

About Uniserve

Uniserve is a 2018 TSX Venture top 50 performance company.
Uniserve is a unified communications company which has been in business for over 30 years, combining voice, data and media services all into one seamless solution, one bill and one point of contact. The unique selling proposition of the business is "SMART” People, Solutions, and Technology with over 13,000 customers spread across residential and enterprise centered around Vancouver, Calgary and Kitchener-Waterloo.

Uniserve prides itself on world class customer service based in Canada. When all else is equal, clients can trust Uniserve to have a great price, a great experience and to be a company that customers enjoy working with – we call it "ONE click, call, connect”.

This news release was prepared on behalf of the Chief Executive Officer and management team, which accepts full responsibility for its contents.

Learn more at www.uniserve.com or at www.sedar.com.

Nicholas F. Jeffery
Chief Executive Officer

For more information please contact Deanie Wong deanie.wong@uniserveteam.com +1 6043953953.

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.

Some of the statements contained in this release are forward-looking statements, such as statements that describe Uniserve’s plans with respect to the use of the proceeds of the Private Placement, anticipated increase in Uniserve’s revenues and the successful integration of the Acquired Assets into Uniserve’s existing business in Kitchener.
Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statement. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Uniserve disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.