Uniserve Communications Corporation (USS)

Uniserve Third Quarter Results for the Period Ended February 28, 2026April 29, 2026 11:45 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Uniserve Communications Corporation (TSXV: USS) (the "Company" or "Uniserve") a provider of IT solutions and services to business and residential customers in Canada wishes to announce third quarter fiscal 2026 financial results. Q3 and Q3 year to date fiscal 2026 revenues were $2,743K and $6,959K respectively as compared to $1,712K and $5,228K for the same periods in the prior fiscal year. Q3 fiscal 2026 Net Loss was $1,551K and Q3 year to date fiscal 2026 Net loss was $1,662K, as compared to Net Loss of $621K and Net Loss of $1,011K respectively for the prior year fiscal periods. The Company will continue to focus on its operating results in fiscal 2026 by continuing to implement operational efficiencies, grow recurring revenues and enhance value added for its customers.Uniserve Communications CorporationCondensed interim consolidated statements of comprehensive loss(Expressed in Canadian dollars)









Three months ended
February 28,Nine months ended
February 28,
2026202520262025




Revenue $ 2,742,967 $ 1,711,543 $ 6,958,759 $ 5,227,503Cost of revenues      1,654,546      1,009,109      4,150,617      3,094,390
      1,088,421         702,434      2,808,142      2,133,113




Expenses



  Operations and service delivery expenses      1,085,643      1,208,564      2,739,242      2,697,700  Sales and marketing expenses         113,374            71,227         257,376         374,812  Amortization of property and equipment         194,606            23,386         259,042            67,355  Amortization of intangible assets         129,736            36,300         248,323            36,300  Share-based compensation         247,200                       -         303,000                       -
      1,770,559      1,339,477      3,806,983      3,176,167





        (682,138)        (637,043)        (998,841)    (1,043,054)




Other  Income (Expenses)



  Finance charges        (876,970)          (25,995)        (966,767)          (54,000)  Loss on foreign exchange              6,033            (2,279)              2,953            (6,240)  Gain on write-off of trade payables                       -                       -         287,784                       -  Finance Income              1,833            44,739            12,817            92,667
        (869,104)            16,465        (663,213)            32,427




Net and Comprehensive Loss for the period ($ 1,551,242) ($ 620,578) $(1,662,054) $(1,010,627) About Uniserve Currently based in Vancouver, Calgary and Waterloo, the Company provides smart technology solutions and reliable services for home and business customers. These services include a full range of IT services from e-mail and voice to fully managed turnkey solutions. Uniserve offers products across three verticals: Residential, Small Business and Enterprise. For residential customers, the Company offers telecommunications, and high-speed internet services. For small business, the Company offers technology bundles for start-ups, professionals, creative industries, and retail outlets. For enterprise customers, the Company can deliver leading-edge, comprehensive managed IT services with a focus on security, business continuity, communications, disaster recovery, cloud and application hosting, all backed with 24/7 technical support based in Canada. The Company has its own T2 data centre in Vancouver, B.C. (with backup / disaster recovery, and failover in Calgary).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.sedarplus.ca.Gautam Lohia
CEOFor more information please call 604-395-3961 or email corporate.relations@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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295125
Original: Uniserve Third Quarter Results for the Period Ended February 28, 2026

Uniserve Announces Partial Conversion of Debenture and Appointment of Lead DirectorApril 27, 2026 5:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 27, 2026) -  Uniserve Communications Corporation (TSXV: USS) (the "Company" or "Uniserve"), a Digital Infrastructure Platform enabling mission-critical connectivity, cloud, managed IT, and AI agent driven services for Canadian businesses, wishes to announce that in connection with the Cyclone Systems Inc. ("Cyclone") transaction that closed February 5, 2025, 450,000 common shares have been issued at $0.45 per share in settlement of $202,500 of the remaining $650,000 convertible debenture that was issued under the Cyclone transaction (the "Debenture"). The balance of the Debenture, namely $447,500, remains outstanding.The Company is pleased to announce the appointment of Brad Scharfe as its Lead Director effective immediately. Brad joined the Company's Board on December 14, 2023, and is currently a member of the Company's Corporate Governance and Compensation Committee, as well as its Audit and Risk Committee. As Lead Director, Brad will enhance the independence and effectiveness of the Board and foster professional, constructive and effective relationships between the Board and the Company's senior management. In addition, the Company wishes to further announce that it has granted, effective today, an aggregate of 750,000 stock options (each an "Option") to certain Directors of the Company in accordance with the Company's Rolling Stock Option Plan. Each Option is exercisable into one common share in the capital of the Company (each a "Share") at a price of $0.70 per Share, being the price of the Shares on the last closing price on the TSX Venture Exchange on April 24, 2026. The options granted are exercisable for a two year term expiring April 27, 2028, vest immediately, and are subject to a four month hold period to August 28, 2026.The $1,000,000 Debenture was originally issued to Cyclone in February 2025. $350,000 of the Debenture was converted into Uniserve common shares in June 2025, in accordance with the terms and conditions of the Debenture, leaving a balance of $650,000. On April 16, 2026, an aggregate of $202,500 of the Debenture was assigned to three parties, which assigned $202,500 of the Debenture has been converted into common shares. The assignment of $45,000 of the aggregate $202,500 assigned of the Debenture, was assigned to Kwin Grauer, a Director of the Company, and has been converted into common shares of the Company. The assignment to Mr. Grauer and the subsequent conversion is a "related party transaction" under MI 61-101. The related party transaction is exempt from the formal valuation requirement and the minority shareholder approval requirement under MI 61-101 because the aggregate fair market value of the transaction does not exceed 25% of Uniserve's market capitalization. In considering and unanimously approving the related party transaction, there were no materially contrary views, abstentions (except for any abstentions required by corporate law) or material disagreements by any director of the Company. A material change report respecting the related party transaction was not filed at least 21 days before such transaction, which is reasonable given the exemptions from MI 61-101 described above.About Uniserve Uniserve Communications Corporation is a Digital Infrastructure Platform that owns and operates the backbone enabling data, applications, AI, and digital services to function reliably, securely, and at scale. The Company provides connectivity, cloud, managed IT services, and data centre solutions to businesses across Canada.This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.Forward-Looking InformationThis news release contains forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding the Company's strategic direction, growth plans, execution strategy, and potential valuation positioning. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, market conditions, execution risks, integration of acquisitions, regulatory factors, and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update such statements except as required by law.Learn more at www.uniserve.com or at www.sedarplus.ca.Gautam LohiaChairman/CEOFor more information please call 604-395-3961 or email corporate.relations@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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294405
Original: Uniserve Announces Partial Conversion of Debenture and Appointment of Lead Director

Uniserve Appoints Gautam Lohia as Chief Executive Officer, Bringing Founder-Operator Leadership to Accelerate Digital Infrastructure StrategyApril 7, 2026 7:15 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 7, 2026) - Uniserve Communications Corporation (TSXV: USS) (the "Company" or "Uniserve"), a Digital Infrastructure Platform enabling mission-critical connectivity, cloud, managed IT, and AI agent driven services for Canadian businesses, is pleased to announce the appointment of Gautam Lohia, current Chairman of the Board, as Chief Executive Officer of the Company, effective immediately.This appointment represents a strategic inflection point for Uniserve, aligning the Company with founder-led, operator-driven leadership as it accelerates its transformation into a scaled, high-margin digital infrastructure and managed services platform.Mr. Lohia is a founder, entrepreneur, and transformation leader with a proven track record of building and scaling technology businesses. He founded Apply Digital and, as CEO, grew the company from its origins in Vancouver into a global digital transformation firm with operations across the world, employing more than 700 people. Part of that journey included a sale to a private equity in 2021. This growth was achieved through a combination of strong organic expansion and strategic acquisitions.Under his leadership, Apply Digital became a trusted partner to leading enterprises, helping them modernize their technology platforms and navigate large-scale digital transformation. He is also recognized for building high-performing teams and operating cultures centered on ownership, accountability, and continuous learning.As Chairman, Mr. Lohia has already helped refine Uniserve's strategic direction, including a stronger focus on scalable infrastructure services and long-term value creation. As CEO, he will accelerate these efforts with an emphasis on:Expanding Uniserve's data centres and network footprintEnhancing cloud and managed service capabilitiesInvesting in talent and operational excellencePursuing strategic partnerships and growth opportunitiesThe Company also intends to take a disciplined approach to growth, including evaluating opportunities to expand its capabilities and geographic reach through selective acquisitions, while maintaining a strong focus on integration and long-term value creation.Uniserve is executing a clear strategy to become Canada's leading sovereign SMB Digital Infrastructure Partner. The appointment of Mr. Lohia as Chief Executive Officer aligns the Company's leadership with this mandate and strengthens its ability to scale a national platform and expand into higher-value enterprise and mid-market segments. Under Mr. Lohia's leadership, the Company will focus on growing its managed service, cloud and cybersecurity offerings, pursuing strategic acquisitions, advancing its data and infrastructure initiatives, and integrating AI-driven capabilities into its service offerings."Uniserve sits at the intersection of several powerful trends-AI adoption, cloud growth, and increasing demand for Canadian-owned infrastructure," said Mr. Lohia. "This is a moment of transformation for our industry. Our ambition is to build a modern, scalable infrastructure platform that can support the next generation of Canadian businesses.""Our focus will be on disciplined execution, scaling our platform, and building a culture centered on innovation, accountability, and measurable outcomes, with the objective of delivering sustained, long-term value for shareholders."The Company would also like to recognize the exemplary leadership of Kwin Grauer, who has served as Chief Executive Officer during the last 17 months, a period of significant strategic and operational progress for Uniserve. Under Mr. Grauer's leadership, the Company advanced its digital infrastructure strategy, strengthened its platform, and continued to build momentum across its core business lines. Mr. Grauer will continue to play an instrumental role in Uniserve's growth as an Executive Director, supporting the Company's ongoing execution and long-term strategic objectives.About Uniserve Uniserve Communications Corporation is a Digital Infrastructure Platform that owns and operates the backbone enabling data, applications, AI, and digital services to function reliably, securely, and at scale. The Company provides connectivity, cloud, managed IT services, and data centre solutions to businesses across Canada.This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.Forward-Looking InformationThis news release contains forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding the Company's strategic direction, growth plans, execution strategy, and potential valuation positioning. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, market conditions, execution risks, integration of acquisitions, regulatory factors, and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update such statements except as required by law.Learn more at www.uniserve.com or at www.sedarplus.ca.Zelong (Roger) HeDirectorFor more information please call 604-395-3961 or email corporate.relations@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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291223
Original: Uniserve Appoints Gautam Lohia as Chief Executive Officer, Bringing Founder-Operator Leadership to Accelerate Digital Infrastructure Strategy

Good reply. I cut my losses, took my 90+% loss and put the remaining few hundred bucks into crypto. Not looking back. No idea what their plans are…

The board and management need to be hung out to dry.

This company has had such great potential with the wrong people in place and no ability to do it.

DataCenter expansion fell flat on its face.
They have not disrupted the market in any way.


No dividend, looks like a company to scam shareholders, feel bad from anyone that bought a $30 or over a $1.

Cut the fat
Get profitable
Disrupt the market
Focus on high margin opportunities
Offer attractive dividend after the above is successful

This looks like the 360 networks scam from the Ledcor owners that stared building a huge house after they scammed investors out of their retirements.

SMH

Nice jump today. Just need it to go up another 600% before I hit my break-even point

Not a pretty chart

Anything ever going to happen with this company?