Uniserve Communications Corporation: Financial Results for the Nine Month Period Ending February 28, 2013
29 Avril 2013 - 9:15PM
Marketwired Canada
Uniserve Communications Corporation (TSX VENTURE:USS) (the "Company") wishes to
announce the results of its third quarterly report for the nine month period
ending February 28, 2013, as follows:
Nine Months Ending
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Feb. 28, 2013 Feb. 29, 2012
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Revenue $ 5,099,410 $ 5,513,071
Cost of revenues 2,636,858 2,873,950
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Gross margin $ 2,462,552 $ 2,639,121
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Expenses
Operations and service delivery expenses $ 2,080,196 $ 2,888,972
Amortization of property and equipment 261,842 265,422
Amortization of intangible assets 9,241 8,414
Amortization of deferred finance costs 11,620 16,821
Sales and marketing 51,122 423,141
Stock-based compensation - 211,808
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$ 2,414,022 $ 3,814,577
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Operating profit (loss) $ 48,531 $ (1,175,456)
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The Company has continued to improve its key measure of operational
profitability, EBITDA, during the third quarter of the financial year ended May
31, 2013. In the quarter, the Company increased EBITDA by 32% to $151,000
compared to $114,000 in the previous quarter and more than doubled it from the
$75,000 in the same quarter last year.
The Company continues to implement operational efficiencies and cost savings
which will be reflected in the current quarter and year end numbers.
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 www.uniserve.com.
This news release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.
Bruce Sanderson, President and CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Uniserve Communications Corporation
Investor & Corporate Relations
604-395-3922
invest@uniserve.com
www.uniserve.com
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