Vancouver, BC – TheNewswire - February 23, 2026  – Uniserve Communications Corporation (the “Company” or “Uniserve”) (TSXV: USS), a leading provider of managed IT, ISP, cloud, data centre services and technology services, wishes to announce that it has entered into a Letter of Intent dated as of February 19, 2026 to acquire the shares and/or assets of  an Ontario based Managed Service Provider ( the “MSP”) that is focused on providing a full stack  of services to customers. The MSP offers security and val ...

Core Insights - Netic A/S has opened a new data center, DC7, in Eastern Denmark, enhancing the country's digital resilience and IT infrastructure [1][2] - The new facility addresses the rising demand from public authorities and enterprises for local data sovereignty amid geopolitical uncertainties [2][3] Group 1: Geopolitical Context and Market Demand - The current geopolitical climate has made data sovereignty a critical requirement, with organizations preferring local data centers to mitigate risks associated with foreign jurisdictions [3][4] - Netic's establishment of DC7 provides full geographical redundancy, complementing existing facilities in Jutland and enabling better risk distribution and disaster recovery [3][4] Group 2: Operational and Security Features - Netic controls the entire value chain, offering customers three levels of protection: data sovereignty, operational sovereignty, and technical sovereignty [4][7] - The company emphasizes high security and compliance, making it a trusted partner for large enterprises and public organizations, adhering to strict standards such as ISO 27001 and NIS2 [5][6] Group 3: Company Overview - Netic A/S is a leading Managed IT Service Provider in Denmark with over 20 years of experience in critical IT infrastructure operations [6] - The company operates under the Trifork Group and focuses on security, stability, and compliance, ensuring stable operations for clients in sectors with stringent requirements [6][8]

Core Viewpoint - Kyndryl Holdings is undergoing an accounting and internal control review, leading to delays in its filings, following requests from the SEC's Division of Enforcement [1][2] Group 1: Accounting and Internal Control Review - The audit committee is examining cash management practices, disclosures related to adjusted free cash flow, and the effectiveness of internal controls over financial reporting in response to SEC requests [2] - The review is causing delays in the completion of the quarterly report and the internal control assessment, but the company does not expect any impact on its consolidated financial statements [2] Group 2: Executive Departures - CFO David Wyshner and General Counsel Edward Sebold have left their positions immediately, with Harsh Chugh appointed as interim CFO, Bhavna Doegar as interim corporate controller, and Mark Ringes as interim general counsel [3] - The stock price fell by more than 50% at the close of trading on the day of the announcement [3] Group 3: Investor Concerns - Investor concerns appear to be focused on governance issues rather than business performance, particularly regarding cash management and internal controls following the sudden executive departures [4] - An accounting professor highlighted the significance of the departures, questioning the integrity of the company's financial statements and the state of internal controls [5] Group 4: Company Background - Kyndryl, led by CEO Martin Schroeter, provides essential IT systems for various sectors, including financial institutions and airlines [6] - The company was spun off from IBM in late 2021 and aimed to deliver a turnaround story, having been just below break-even in its first year [6]

Core Insights - Vicinity Group LLC has achieved the Microsoft Solutions Partner for Modern Work designation, highlighting its status as a managed IT services provider in Alaska, Hawaii, and the Pacific Northwest [1] - This designation places Vicinity among an exclusive group of technology partners, with only four partners in Alaska and three in Hawaii holding this credential [1] Company Summary - Vicinity Group LLC is a managed IT services provider that serves businesses across Alaska, Hawaii, and the Pacific Northwest [1] - The company has now become one of the few partners recognized by Microsoft for its capabilities in modern work solutions [1]

Core Viewpoint - Uniserve Communications Corporation has successfully completed the acquisition of Megawire Inc., enhancing its service offerings and expanding its market presence in Canada and the US [1][10]. Acquisition Details - The total purchase price for the acquisition of Megawire was $6,500,000, which included the issuance of 3,431,961 common shares at a price of $0.5828 per share, totaling $2,000,000 [3]. - Uniserve also entered into agreements to acquire Brimax Financial Services Inc. for $2,400,000 in cash and Waterloo Wireless Inc. for $2,100,000 through a convertible note [3][4]. Financial Structure - The acquisition of Brimax involved a cash payment of $2,150,000 to shareholders, with $250,000 held in escrow for potential adjustments [3]. - The convertible note for Waterloo has a three-year term with an annual interest rate of 7%, allowing the noteholder to convert up to 50% of the note value into Uniserve shares [5][6]. Asset Acquisition - The assets acquired from Megawire include all business operations, intellectual property, and approximately $100,000 in inventory, while excluding cash, working capital, and certain liabilities [7]. - Uniserve has committed to offering employment to all Megawire employees under similar terms, recognizing their seniority for future severance [7]. Strategic Impact - The acquisition is expected to enhance Uniserve's service depth and strengthen its data center portfolio, particularly in eastern Canada, supporting the growth of recurring revenue-based services [10]. - The company aims to leverage this acquisition to meet the increasing demand for digital transformation among Canadian businesses [10]. Loan and Financing - Uniserve secured a loan of $2,500,000 from 369 Terminal Holdings Ltd., an insider, to finance part of the acquisitions, with an interest rate of 8% per annum [11][12]. - The loan is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [12]. Management and Operational Agreements - A consulting agreement was established with Emerald Flow Consulting Inc. for management services related to Megawire's business, with a total payment of $225,000 over 12 months [9]. - Uniserve has also signed a 10-year lease for office space in Waterloo, Ontario, with a monthly rent of approximately $31,000 [9].

Core Insights - Uniserve Communications Corporation has appointed Gautam Lohia as Chairman of the Board, effective immediately after the Annual General Meeting on November 24, 2025 [1] - Lohia's leadership is expected to guide Uniserve's transformation into a next-generation Digital Infrastructure Platform, moving away from a traditional ISP model [2][3] - The company is focusing on expanding its Managed Service Provider (MSP) footprint and integrated data center ecosystem, aligning itself with critical infrastructure providers [3] Leadership and Strategic Direction - Kwin Grauer, the Interim CEO, expressed confidence in Lohia's experience and strategic clarity, which will be crucial for Uniserve's next phase of execution and value creation [4] - Lohia highlighted Uniserve's unique position to capitalize on the growing demand for secure and reliable digital services across Canada, indicating a pivotal stage of growth for the company [4] Company Overview - Uniserve provides IT solutions, including Data Centre Solutions, Managed IT Services, and Business Internet, with operations in Vancouver, Calgary, and Waterloo [5] - The company aims to deliver secure, reliable, and scalable services to support client operations [6]

Core Insights - AvePoint has launched a modernized Global Partner Program aimed at enhancing partner growth and service delivery in response to increasing demand for data security, governance, and AI enablement [1][8] - The managed IT services market is projected to grow by 12.6% to exceed US$600 billion, highlighting the strategic importance of this transition for AvePoint and its partners [2] - The new points-based program focuses on rewarding partner engagement and activities that drive success, rather than solely on revenue [3][7] Company Initiatives - The new program is designed to help partners capitalize on opportunities in high-value service engagements by rewarding engagement metrics [3][4] - Key benefits of the program include flexible advancement through tiers based on engagement, comprehensive enablement with access to technical resources, and business development support for advanced partners [7] - Early participants in the pilot program have reported significant benefits, including structured paths for onboarding and training [5][6] Market Context - The shift towards managed IT services is driven by organizations seeking specialized expertise in data security and governance, as well as AI readiness [2] - AvePoint's enhancements to its partner program are part of a broader strategy that includes acquisitions and new product launches to strengthen its channel ecosystem [8]