Core Viewpoint - Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, enhancing its service offerings and supporting growth in recurring revenue [1][2]. Group 1: Acquisition Details - The acquisition is expected to bring approximately CAD $2.1 million in top-line sales and an expected EBITDA of CAD $600,000 [2]. - The purchase price for the transaction is anticipated to be CAD $1,300,000, with CAD $1,000,000 payable in cash and CAD $300,000 through a convertible note [3]. - The convertible note will have a conversion price of CAD $0.80 per share in the first year, CAD $0.90 in the second year, and CAD $1.00 thereafter, with an interest rate of 7% per annum [3]. Group 2: Transaction Conditions - The transaction is subject to the execution of a definitive agreement within 30 days, further due diligence, and approvals from the Board of Directors and the TSX Venture Exchange [4]. - The company will not assume any long-term debt of the MSP, and the MSP's shareholders are arm's length to the company [3]. Group 3: Company Overview - Uniserve provides managed IT, ISP, cloud, and data center services, with a focus on delivering secure and reliable IT solutions [5]. - The company operates in Vancouver, Calgary, and Waterloo, offering services across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet [5].