Content area
Abstract
Uniserve has issued 4,600,000 Units to the vendor, with each Unit consisting of one common share and one-half share purchase warrant. Each whole warrant is exercisable for up to 23 months at $0.65 per share. Uniserve has also made a cash payment of $1,750,000 to the vendor and is obligated to pay up to an additional $1,250,000 within 120 days, subject to adjustments based on Inter.net Canada's financial performance.
One of Canada's largest independent communications companies, Uniserve Communications Corporation delivers voice and data communications services to 110,000 businesses and consumers in urban and rural markets across Canada, offering scalable solutions including high speed Internet, Web hosting, long distance, fax-to-email and an award-winning call centre. Uniserve is an industry leader in the integration of voice and data services over multiple IP networks including cable, ADSL and wireless broadband. To service these networks, Uniserve has developed a proprietary ordering and provisioning system that allows customers to dynamically customize their own services, test new technologies and receive support through web portals.