UNISERVE COMMUNICATIONS CORP. (TSX VENTURE:USS) (the "Company"), announces that further to its news release of February 7, 2012 announcing a private placement of up to 7,000,000 units of the Company (the "Units") at $0.07 per Unit (the "Offering"), the Company has revised the terms of the warrants to be issued as part of each Unit. Each Unit consists of one common share in the capital of the Company and half of a share purchase warrant. (the "Warrants"). The Warrants will expire 12 months after closing of the Offering and the exercise price remains at $0.10 per share.

The Company will pay to certain eligible finders as finders' fees an amount of up to 8% of the gross proceeds to be raised under the Offering, in addition to Finder's Warrants to be issued to certain eligible finders as disclosed in the Company's news release of February 7, 2012.

The Offering and the payment of finder's fees are subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued in the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

About Uniserve Communications Corporation

Uniserve Communications Corporation (TSX VENTURE:USS) is an industry leader in the integration and delivery of voice and data services over multiple IP networks directly or through wholesale partnerships to businesses and retail consumers throughout Canada. Learn more at www.uniserve.com or at www.sedar.com.

ON BEHALF OF THE BOARD

Michael Schmidt, CEO

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Neither 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.

Contacts: Uniserve Communications Corporation Michael Schmidt CEO 604.395.3911