Unisync Receives Conditional Approval to Graduate to the TSX
TORONTO, Dec. 14, 2018 (GLOBE NEWSWIRE) — Unisync Corp. (TSXV: “UNI”) (“Unisync“) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to list its common shares on the TSX. Final approval of the listing is subject to certain customary conditions which we intend to fulfill in the coming weeks. We are confident we will be able to satisfy all requirements and will release a statement immediately upon issuance of the TSX Bulletin confirming the date which the shares of Unisync will be delisted from the TSXV and commence trading on the TSX. The Unisync common shares will continue to trade under the stock symbol “UNI” upon listing on the TSX.
“Graduating to the TSX is an important milestone in the growth of Unisync which, when combined with the exposure created by our recently announced expansion into the US market, will provide exposure to a much broader range of investors,” commented Douglas F Good, CEO. “We anticipate that the graduation to the TSX will take place mid-January 2019.”
UNISYNC ON THE MOVE
Unisync is a broad-based vertically integrated Canadian enterprise with exceptional capabilities in garment design, domestic manufacturing, and off-shore outsourcing, including state-of-the-art web based B2B ordering, distribution, and program management systems. Unisync operates through two business units: Unisync Group Limited (“UGL”) and Peerless Garments LP (“Peerless”).
UGL provides full-service, managed apparel programs for major corporations and government-related entities through operations in Calgary, Carleton Place (Ottawa Region), Guelph, Mississauga, Moncton, Montreal and Vancouver. Its customer base includes a broad list of Canadian iconic brands as well as municipal and provincial agencies across Canada. The acquisition of Montreal based Utility Garments Inc. (“Utility”) in October of this year establishes a full-service base in Quebec to better service Quebec clients and National customers with operations in Quebec. With 80 years of dedicated service to clients based in Quebec and other parts of Canada, Utility also provides a quality design team and supporting in-house manufacturing and distribution capabilities. UGL’s recently announced expansion into the US will set the stage to better facilitate the servicing of current international clients with extensive operations in the US. Conversely, our North American footprint will provide an opportunity for prospective US corporations with operations in Canada to utilize the uniform services of a more broadly based bi-lingual Canadian service provider to manage their apparel programs.
Winnipeg based Peerless specializes in the manufacturing and distribution of highly technical protective garments, military operational clothing, and accessories for a broad spectrum of Federal, Provincial and Municipal government agencies.
For more information on our capabilities, products and services please visit the Unisync website at www.unisyncgroup.com .
On Behalf of the Board of Directors
|Douglas F Good CEO||Investor relations contact:|
|Unisync Corp.||778-370-1725 or Email firstname.lastname@example.org|
Forward Looking Statements
This press release contains statements which may constitute forward-looking information under applicable Canadian securities legislation. Such forward-looking statements include, but are not limited to, statements with respect to the anticipated timing of the completion of the TSX listing. Persons reading this press release are cautioned that such statements or information are only predictions, and that no assurance can be given that the TSX listing will occur in accordance with the timing currently expected or at all. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: failure to satisfy the TSX standard listing conditions, operational risk, disruptions in production, reliance on few suppliers, reliance on subcontractors and including, but not limited to, other factors described in the Corporation’s reports filed on SEDAR, including its financial statements and management’s discussion and analysis for the year ended September 30, 2017. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Corporation will be realized. The Corporation disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.