European data centre heavy-weight joins Uniserve board - Seite 2

In addition, the Company wishes to announce that the terms of the repricing of the 6,500,000 Warrants expiring December 2, 2017, as announced in its December 19, 2016 press release, have been further revised in that the price of the Warrants will be reduced to $0.07 per share from $0.10 and the term of exercise extended from December 2, 2017 to March 31, 2018, subject to receipt of TSX Venture Exchange approval. The Company confirms that the reduction in the exercise price is to better reflect the Company's current market price and that as permitted by the TSX, the number of Warrants, as amended, to be exercised by insiders is limited to no more than 10% of the total held by insiders, distributed pro rata among those insiders holding warrants.

ABOUT UNISERVE

Uniserve Communications Corporation (TSX-V:USS) is a leader in the integration and delivery of voice and data services over multiple IP networks directly and through wholesale partnerships to businesses and retail consumers throughout western Canada.

Uniserve currently has over 13,000 active business, residential and wholesale customers combined, providing over 45,000 active services.

Uniserve offers a comprehensive portfolio of managed services ranging from data storage, disaster recovery, firewalls, application hosting and a redundant resilient network, all backed by 24/7 technical support.

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.sedar.com.

Michael C. Scholz
Chairman of the Board

For more information please contact Mr. Mark Stanton at 604-395-3908 or email us at [e-mail].

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.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UNISERVE COMMUNICATIONS CORPORATION via Globenewswire