Appoints Strategic Independent Director
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.
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.
Michael C. Scholz
Chairman of the Board
For more information please contact Mr. Mark Stanton at 604-395-3908 or email us at [email protected].
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.
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