Business
Uniserve Executes LOI to Expand Operations in Ontario
(TheNewswire) Vancouver, BC: August 19, 2025  – TheNewswire - ...
About this update from Uniserve Communications Corporation
[{"type":"text","content":"Uniserve Executes LOI to Expand Operations in Ontario\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC: August 19, 2025  –\n \n\n TheNewswire -\n \n\n Uniserve Communications Corporation (the “Company” or\n“Uniserve”) (TSXV: USS), a leading provider of IT solutions and\ntechnology services for both business and residential customers across\nCanada,\n \n\n wishes to announce that\n \n\n it has entered into a Letter of Intent dated as of August 18,\n2025 to acquire the shares and/or assets of  an Ontario based Managed\nService Provider ( the “MSP”) that is focused on providing a full\nstack  of services to customers. The MSP offers secure datacenter,\ninternet, structured cabling, and value added reseller services.\n \n\n\n\n “The acquisition of this MSP will further enhance the\ndepth of services that Uniserve will deliver and strengthen our\ndatacenter portfolio by allowing us to provide service in eastern\nCanada. This acquisition will further support the growth of\nUniserve’s recurring revenue based service offerings and consolidate\nour ability to provide these services in Ontario.  As Canadian\nbusinesses continue their digital transformations, we are working to\nbuild on our ability to provide quality bandwidth and infrastructure\nto meet growing customer needs in these areas. We expect this\nacquisition to bring approximately $5.5M in top line sales and an\nexpected EBITDA of $1.5M to the organization which will provide a\nsolid platform for us to scale up operations in Ontario.” said Kwin\nGrauer Interim CEO of Uniserve.\n \n\n\n\n The transaction is subject to the parties entering into\na Definitive Agreement. On closing, the purchase price of such\ntransaction is expected to be CAD $6,500,000, payable $2,500,000 in\ncash, $2,000,000 will be paid at Closing by delivery of Uniserve\nCommunications Corporation common shares issued at no less than $0.60\nper share, (the “Shares”), and $2,000,000 will be paid by the\ndelivery of a 50% convertible note expiring 3 years from the date of\nclosing (the “Note”). The Note will be convertible into common\nshares of the Company at $0.75 per share during year one, and $1.00\nper share during ye...