TORONTO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSXV: "UNI") (“Unisync ") has received final approval for the listing of its common shares on the Toronto Stock Exchange (“TSX”).
Effective on the opening of trading on January 14, 2019, Unisync’s common shares will be listed and commence trading on the TSX under the existing symbol “UNI”. There will be no further trading under the symbol "UNI" on the TSX Venture Exchange after January 11, 2019 and Unisync’s shares will be delisted from the TSX Venture Exchange at commencement of trading on the Toronto Stock Exchange.
“This graduation to Canada’s senior stock exchange represents an important milestone for Unisync and its shareholders and elevates our profile as a listed issuer in the company of many reputable domestic and international companies.” commented Douglas Good, CEO. “The move to the TSX is also expected to increase Unisync’s visibility and liquidity, open doors to a broader range of institutional investors and improve access to capital markets.”
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 fiscal year established 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 sets the stage to better facilitate the servicing of current international clients with extensive operations in the US. Conversely, our North American footprint will now 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 dgood@unisyncgroup.com |
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 launch and introduction of newly designed imagewear or expansion into the US marketplace. Persons reading this press release are cautioned that such statements or information are only predictions, and that no assurance can be given that the launch and introduction 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: 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, 2018. 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 resp onsibility for the adequacy or accuracy of this release.
