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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 7, 2016) - Uniserve Communications Corporation (TSX VENTURE:USS) Uniserve Communications Corporation (the "Company") wishes to announce that as part ot the Board of Directors corporate restructuring plan, it has successfully negotiated an amendment to the terms of over $2,500,000 in short-term debt, through the reduction of interest rates, extention of terms, and a write-down of interest and principal amounts. These settlements will reduce the Company's debt service by approximately $85,000 per year and reduce its short-term debt by approximately $1,000,000, thereby strengthening its balance sheet as it gears for significant growth. |
