Uniserve Communications Corporation (TSXV: USS), a Canadian provider of managed IT, ISP, cloud, and data centre services, provided an update on its business acquisition report (BAR) related to its acquisition of Megawire Inc. The BAR is required under National Instrument 51-102 – Continuous Disclosure Obligations within a 75-day period, but the Company will not meet this deadline.
According to the Company's news release, the delay stems from the need to prepare audited financial statements for inclusion in the BAR. Megawire, along with other companies involved in the transaction—Brimax Financial Services Inc. and Waterloo Wireless Inc.—are private companies and have not previously prepared or filed audited financial statements. Uniserve stated it is working diligently with its selected auditor to complete the required financial statements and audit.
Uniserve expects to make the required filings by no later than June 30, 2026. The Company has imposed a management trading blackout pending the filing. Uniserve confirmed it is current in its other continuous disclosure filings and will provide updates as required by securities laws.
This update follows the Company's previously announced acquisition of Megawire, disclosed in a news release dated December 23, 2025. For further information on the acquisition, please see that release.
The acquisition of Megawire is viewed as a strategic step to expand Uniserve’s capabilities and geographic reach in delivering managed IT, connectivity, and digital infrastructure solutions across Canada. Uniserve delivers secure, reliable IT solutions through three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet, with offices in Vancouver, Calgary, and Waterloo.
The Company’s interim CEO, Kwin Grauer, is available for inquiries. More information about Uniserve can be found at www.uniserve.com or at www.sedarplus.ca.
This news release was prepared by management and the Board of Directors accepts full responsibility. Neither the TSX Venture Exchange nor its Regulations Services Provider accepts responsibility for the adequacy or accuracy of this release. The statements contained in this news release that are not historical facts are forward-looking statements based on management’s estimates, assumptions, and projections. Uniserve cautions that actual financial results could differ materially from current expectations due to a number of factors.
