VANCOUVER, British Columbia, April
17, 2018 (GLOBE NEWSWIRE) -- Uniserve Communications Corporation
(the "Company") (TSX-V:USS) is pleased to announce that Mr. Daniel
Frydenlund has agreed to join its Board of Directors as an
independent Director of the Company.
Mr. Hashim Mitha, who has served
on the Board for over four years and was critical in the Company's
prior restructuring, will be resigning as a Director, but will
remain as the President and Chief Operating Officer. The Company
thanks Mr. Mitha for his services on the Board.
Mr. Frydenlund who is the Chairman
and CEO of StageFund, a private equity firm, has led seed stage
investing through IPO's as a financial and operating executive for
over 25 years, having raised debt and equity capital exceeding $1
Billion. Mr. Frydenlund lived in Europe for many years after
first working abroad in South America in 1995 and building what
later became assets of Nextel International.
He has operating experience in the
US, Europe, Asia and Latin America and is comfortable working with
all levels of management, investors and political advisors in
developing countries.
One of Mr. Frydenlund's many
experiences was as SVP and Chief Financial Officer of Hostmark LTD,
London England, a Sturm Group Portfolio Company. It was
Europe's largest Data Center operator at the time, and Mr.
Frydenlund was brought in by The Sturm Group to drive change,
restructure and exit. He managed the restructuring and sale
to WorldPort Communications based in Dublin, Ireland in less than
13 months.
He graduated from The University
of Rhode Island, with a BS in Accounting and Finance.
About
Uniserve
Uniserve is a unified
communications company which has been in existence for 30 years,
combining voice, data and media all into one seamless solution, one
bill and one point of contact in Canada, spread across 13,000
customers serving the Residential / Small Office / Home office and
Enterprise markets. The Company resells diverse metropolitan
networks across Canada from the incumbents, and provides a rich
service of enhancements, with a mixed product portfolio wrapped
around connectivity.
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 mark.stanton@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 several
factors.
