UNISYNC Corp.

lockPrivate Group

Unisync™ operates through two business segments: Unisync Group Limited of Mississauga, Ontario and Peerless Garments LP of Winnipeg, Manitoba. Unisync™ Group is a leading customer-­focused provider of corporate apparel, serving a list of leading Canadian iconic brands such as Air Canada, TELUS, G...

people3 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


UNISYNC Corp.

lockPrivateGroup

Unisync™ operates through two business segments: Unisync Group Limited of Mississauga, Ontario and Peerless Garments ......

people3 Members       (0)

Thumb 8020 monitor 200200 2

8020Admin

1 hour

8020Admin posted a press release Announces Build-Up in Firm DND Contracts in UNISYNC CORP.


TORONTO, July 17, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that the Department of National Defense (“DND”) has recently exercised $8.5 million in contract options bringing the total firm orders under contract to $20.5 million at its subsidiary, Peerless Garments LP (“Peerless”). The largest contract option exercised involves the production of $6.1 million of enhanced combat uniforms. There remains a further $13.2 million in contract options still open for exercise which Peerless is working closely with the DND on to better understand and plan for the timing of future product requirements.


With this build-up in firm contracts, we are expecting a significant improvement in financial performance from our Peerless business unit during the latter half of Fiscal 2019 and in Fiscal 2020.


Unisync On The Move


Unisync is a broad-based vertically integrated North American 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.


UGL provides full-service, managed apparel programs for major corporations and government-related entities through operations across Canada and this year has expanded into the US marketplace through the establishment of a 45,000 sq. ft. distribution and service facility in Henderson, Nevada, and a sales and service facility in Lakewood, New Jersey. The Nevada facility is now staffed and starting to receive and kit new uniforms for the launch of its first major US based airline account which is scheduled to officially rollout its new designs in the first half of Fiscal 2020. UGL’s customer base includes a broad list of North American iconic brands as well as municipal and provincial agencies across Canada.
             
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 in Canada. It has been the leading prime contractor for the provision of operational clothing and accessories to the DND for over 40 years.


The combination of the core competencies of UGL in state-of-the-art web based B2B ordering, distribution, and program management systems and the Peerless decades of experience in providing DND operational clothing, positions Unisync as a major contender for the recently announced operational clothing and footwear contract (“OCFC2”) – a managed program estimated at $1 billion over the potential 20 year term of the contract. Public Works and Government Services Canada has indicated they expect to release the request for proposals on this project in the next two to three months.


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, Executive Chairman                                 


Investor relations contact: 
Douglas F Good                                              778-370-1725 or Email dgood@unisyncgroup.com


Primary Logo



 

!
Thumb 8020 monitor 200200 2

8020Admin

2 months

8020Admin posted a press release Unisync Announces Results of AGM in UNISYNC CORP.

VANCOUVER, British Columbia, May 30, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (the “Company”) (TSX: “UNI”) announces the voting results of the Annual and Special Meeting of its shareholders held on May 29, 2019 in Vancouver, British Columbia.


The following six nominees were re-elected as directors of the Company by the following votes:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=UNI%3ACC&qmodStoryID=4696240249830694 

!
Thumb 8020 monitor 200200 2

8020Admin

2 months

8020Admin posted a press release Unisync Reports 13% Increase in Fiscal Q2 Revenues Over Q1 in UNISYNC CORP.


TORONTO, May 14, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (the “Company") operates through two business segments: Unisync Group Limited (“UGL”) of Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba.


Revenue for the three months ended March 31, 2019 (fiscal “Q2”) of $19.1 million increased 13% over the previous quarter ended December 31, 2018 (fiscal “Q1”) revenues of $16.9 million. Revenues for the comparable quarter in 2018 were $17.3 million higher due to the initial shipment of multiple garment kits of newly designed uniforms to approximately 23,000 employees of the Company’s largest airline account - the most significant new uniform rollout in Company history.  This rollout followed the launch of new uniforms to this airline’s pilots during the latter half of fiscal 2017. Since these rollouts, volumes with this significant customer have returned to normal “steady state” replenishment levels i.e. at approximately 1/3 the size of the initial kit rollout of new uniforms.  Partially offsetting the revenue decrease from this return to steady state was the contribution of $4.6 million of revenue generated by Utility Garments Inc. (“Utility”) and $1.3 million from the former Red the Uniform Tailor (“RTUT”) operations that were both acquired in the current year. A $0.9 million revenue decrease in the Peerless segment was caused by continued delays in ramping up production capacity at sub-contractors following delays in the exercise of outstanding options on existing contracts by the Department of National Defence (“DND”). 


The Company realized a net loss and total comprehensive loss of $1.3 million in Q2 compared to net income and total comprehensive loss of $0.9 million in Q1.  Net income was impacted by a non-cash fair value adjustment of $0.5 million to inventory acquired on the acquisition of Utility and $0.7 million of increased legal, public company and higher technology support costs for the Company’s new Enterprise Resource Planning (“ERP”) computer system under implementation.


Adjusted EBITDA (earnings before interest expense, income taxes, depreciation and amortization, share-based payment, and acquisition related costs) was negative $0.4 million for Q2 against $0.3 million for Q1.


More detailed information is contained in the Company’s Interim Financial Statements for the three months ended March 31, 2019 and Management Discussion and Analysis dated May 10, 2019 which may be accessed at www.sedar.com.


Business Outlook


The UGL segment is seeing rationalization of its competition and opportunities to expand its market share both in Canada and the United States.  Following upon the October 1, 2018 Utility acquisition, the Company leased a new 45,000 square foot distribution centre facility in Henderson, Nevada for operation in late fiscal 2019 and acquired the hospitality assets of RTUT in Lakewood, New Jersey (since relocated to Farmingdale, New Jersey).  Building upon these initial investments, the Company sees significant opportunities for growth in the US market.  


UGL’s second largest airline account, Alaska Airlines, is scheduled to officially rollout its new uniforms to its 19,000 uniformed employees starting in early fiscal 2020.  UGL is responsible for all aspects of the program including manufacturing, quality, safety, inventory planning, online ordering, customer service, and warehouse and distribution. UGL will be distributing to Alaska Airlines employees from its Henderson, Nevada distribution centre.  UGL intends to use this location to expand its marketing efforts to other US customers in industry sectors where UGL has built a strong knowledge base, such as in food service, hospitality, private security, retail and transportation. In addition, UGL was recently selected by WestJet to take over its current uniform program and to test, manufacture and distribute a new uniform to its 10,000 uniformed employees starting in early fiscal 2021.   


With $36 million in firm contracts and options on hand as at March 31, 2019, the Peerless business segment is well positioned to return to more normal levels of revenues and profitability for the balance of fiscal 2019 and 2020.


On Behalf of the Board of Directors


Matthew Graham
CEO


Investor relations contact: 
Douglas F Good at 778-370-1725     Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.


 Primary Logo


!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Announces the Appointment of New CEO in UNISYNC CORP.

TORONTO, April 25, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that Matt Graham has been appointed Chief Executive Officer (“CEO”) replacing Douglas Good who moves to Executive Chairman.  Mr. Graham will be based out of Unisync’s operational head office located in Mississauga, Ontario.


“As our board contemplated the right strategic leader for the next phase of Unisync’s development, it quickly became apparent that Matt Graham was an excellent fit. He has the qualities and proven experience that Unisync needs to continue its growth strategy,” commented Douglas Good. “His most recent role as CEO and Director of a large Australian Uniform company saw him increase revenues three-fold during his six year tenure and he personally drove an expansion into Asia and the Middle East based on his strong financial, marketing and global sourcing capabilities. Under his leadership the company became the Prime Vendor for the Australian Defence Forces and won several Defence design awards for innovation and excellence in Defence materials and equipment.”


“His proven track record over nearly 30 years in the apparel industry speaks for itself. His senior management experience and passion for achieving high performance in growth, innovation and ultimately customer satisfaction will provide the vision and operational oversight for Unisync to optimize its current opportunities and leverage its existing capabilities into new verticals”.


Mr. Graham, who spent his earlier years in the funds management financial sector before moving into apparel, was enthusiastic about the Unisync opportunity and his relocation to Canada.  “I am excited to be joining such an innovative, forward-thinking organization as Unisync. They are a leader in end-to-end complex uniform managed service solutions and have a solid reputation in delivering innovative garment programs to both its public and private customers. I am very impressed with the level of success they have achieved to date and the current management team should be commended for their portfolio of blue-chip clients such as Air Canada, WestJet, Alaska Airlines, Purolator, Petro-Canada and the Canadian Department of National Defence, amongst others. I am excited to join the executive team at such a pivotal moment of growth for the company and I look forward to working with all Unisync divisions to exceed the expectations of our customers, partners and shareholders,” commented Mr. Graham.


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 last 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.               


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, Executive Chairman                                 


Investor relations contact: 
Douglas F Good                                             
778-370-1725 or Email dgood@unisyncgroup.com

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Selected as Uniform Provider to Rocky Mountineer in UNISYNC CORP.

TORONTO, March 29, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that it’s subsidiary, Unisync Group Limited (“UGL”), has entered into a multi-year contract to provide uniforms to all on-board and destination employees of the Rocky Mountaineer passenger railway. This agreement represents the culmination of an extensive review of Unisync’s customer-focused service, award winning designs, product quality and technological innovation.


“We are proud to have been selected as their partner to create and supply new uniforms which will form part of the Rocky Mountaineer ultimate travel experience,” commented UGL President, B. James Bottoms. “We look forward to working with Rocky Mountaineer as their new image apparel is introduced later this year on all four distinctive rail routes that travel in British Columbia, Alberta and the Pacific Northwest and wind through some of the World’s most beautiful landscapes of rivers and valleys forming part of the Rocky Mountain Range.”


“We are pleased to partner with UGL to outfit our team in uniforms that are of high-quality and comfort, and reflect our brand,” said Mark Southern, SVP and COO, Rocky Mountaineer.


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 and Peerless Garments LP.


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      
Unisync Corp.           


Investor relations contact: 
778-370-1725
or Email dgood@unisyncgroup.com 

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Announces AGM Date in UNISYNC CORP.

VANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX:"UNI") (“Unisync") announces that it has set its Annual and Special Meeting (“AGM”) for Wednesday, May 29, 2019.


Due to the AGM timing requirements of the Toronto Stock Exchange (“TSX”) following the Company’s recent graduation from the TSX Venture Exchange, the Company was granted an extension from the TSX to hold the AGM later than six months from year-end.


The business at the AGM is expected to include the election of directors, appointment of auditor and approval of an amended and restated stock option plan of the Company to comply with TSX requirements relating to securities compensation arrangements.


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     
Unisync Corp.           


Investor relations contact: 
778-370-1725
or Email dgood@unisyncgroup.com           

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Corp. Opens the Market in UNISYNC CORP.

TORONTO, Feb. 28, 2019 /CNW/ - Douglas Good, CEO, Unisync Corp. (UNI), joined Michael Kousaie, Vice-President, Strategy and Product Innovation, Toronto Stock Exchange and TSX Venture Exchange, to open the market. Unisync is a vertically integrated Canadian enterprise with capabilities in garment design, domestic manufacturing, and off-shore outsourcing, including web based business-to-business (B2B) ordering, distribution, and program management systems. Unisync Corp. graduated and commenced trading on Toronto Stock Exchange on January 14, 2019.



Unisync Corp. Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/28/c0708.html

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Reports 24% Increase in First Quarter Revenues in UNISYNC CORP.

VANCOUVER, British Columbia, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (the “Company") operates through two business segments: Unisync Group Limited (“UGL”) of Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba.


Revenue for the three months ended December 31, 2018 of $16.9 million increased by $3.3 million or 24% over the three months ended December 31, 2017. Revenue increased in the UGL segment by $5.3 million due in most part to the inclusion of $5.2 million in revenue generated by Quebec based Utility Garments Inc. (“Utility”) from the October 1, 2018 acquisition date. Utility revenue includes sales to such national brands as Sobeys and Tim Hortons as well as Quebec based accounts such as Jean Coutu and Familiprix. Offsetting this increase was a decline of $2 million in the Peerless segment’s revenue caused by delays in the receipt of technical fabrics and production capacity issues at sub-contractors.


A net loss and total comprehensive loss of $0.9 million was reported for the quarter compared to a loss of $0.03 million for the same quarter last year. Adjusted EBITDA (earnings before interest expense, income taxes, depreciation and amortization, share-based payment and acquisition related costs) was $0.3 million for the three months ended December 31, 2018 against $0.6 million for the three month period ended December 31, 2017.


More detailed information is contained in the Company’s Interim Financial Statements for the three months ended December 31, 2018 and Management Discussion and Analysis dated February 26, 2019 which may be accessed at www.sedar.com.


Business Outlook


The UGL segment is seeing rationalization of its competition and opportunities to expand its market share both in Canada and the United States. In Canada, UGL was recently selected by WestJet to test, manufacture and distribute its new uniform rollout to its 10,000 uniformed employees starting in early fiscal 2021.   


The Company’s first major US based airline account recently approved production of its new custom uniform collection which is scheduled to officially rollout to the 19,000 uniformed employees of Alaska Airlines, Horizon and Virgin America starting in early fiscal 2020. In support of this initiative, the Company has leased a new 45,000 square foot distribution facility in Henderson, Nevada, which it also intends to use to expand its marketing efforts and support new US customers in industry sectors where UGL has built a strong knowledge base, such as in food service, hospitality, private security, retail and transportation. This facility is also expected to support the sales initiatives of New Jersey based Red the Uniform Tailor’s hospitality division which was acquired in January of 2019. Building upon these initial initiatives, the Company sees significant opportunities for growth in the US market.


The Peerless business segment is also well positioned to return to more normal levels of revenues and profitability during the balance of fiscal 2019 due to the large build-up in production back-log being carried over into the balance of Fiscal 2019. As at December 31, 2018, Peerless had $39 million in firm contracts and options with the Department of National Defence.


On Behalf of the Board of Directors


Douglas F Good
CEO


Investor relations contact: 
Douglas F Good CEO at 778-370-1725     Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. 

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Receives Final Approval to Graduate to TSX in UNISYNC CORP.

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 responsibility for the adequacy or accuracy of this release.

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Closes Acquisition of New Jersey Based Hospitality Business in UNISYNC CORP.

TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSXV: "UNI") (“Unisync") is pleased to announce that it has completed the previously announced acquisition of the New Jersey based hospitality business and assets, operated under the trade name Red the Uniform Tailor, from GALLS, LLC of Lexington, KY.


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

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.

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Reports 17% Revenue Increase for Fiscal 2018 in UNISYNC CORP.

VANCOUVER, British Columbia, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSXV: "UNI") recorded a 17% or $11.3 million increase in revenue to $76.8 million for the year ended September 30, 2018 from $65.6 million in the prior year. Net income and total comprehensive income attributable to shareholders increased to $7.1 million or $0.53 per share from $0.7 million or $0.05 per share in Fiscal 2017.


The Company operates through two business segments: Unisync Group Limited (“UGL”) with its North American head office in Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba. UGL is a leading customer-­focused provider of corporate and public sector apparel, serving a list of leading North American iconic brands and public entities. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing and accessories for a broad spectrum of Federal, Provincial and Municipal government departments and agencies.


UGL Business Segment


In recent years this business segment has been awarded re-design projects involving a full range of corporate imagewear for a number of major corporations, including three major airlines and their affiliated entities – Air Canada, Alaska Airlines and WestJet. The launch of a re-designed uniform program for a large new or existing client is a major undertaking involving the pre-staging of resources from early in the design process to the actual launch. The re-design process and the resulting changeover can span a two to three year period and explains why it is often 10 years or more before companies undertake a re-design of their existing program. A launch involves the delivery of kits that may include two or more pieces of each uniform item per employee resulting in a significant revenue increase at that time. The following year understandably experiences lower replenishment deliveries until volumes return to normal “steady state” maintenance and replacement levels.


The UGL segment’s 66% or $26.1 million year over year increase in revenue was due to the bulk shipment of a new uniform rollout to the employees of the Company’s largest airline account during the second quarter of the year and the shipping of a large newly designed uniform program to Canada’s largest drug store chain’s employees during the third quarter of the year.  


Peerless Business Segment


These successes in the UGL business segment were partially offset by an unusual and significant decline in the Peerless segment’s revenue over the prior year caused by continued delays in the exercise of outstanding options on existing contracts with the Department of National Defence (“DND”).  These delays combined with the production lead time required by suppliers of technical fabric, resulted in deliverables under a large DND contract option that was eventually exercised early in the fourth quarter being pushed into Fiscal 2019. As a result of these delays, revenue from the Peerless segment decreased from $25.6 million in Fiscal 2017 to $10.9 million in Fiscal 2018.


Fourth Quarter Results


The above factors were the major reasons why fourth quarter consolidated revenues declined to $11.8 million from $20.1 million in the same quarter last year. The lower level of revenue combined with a $0.5 million inventory provision and $0.2 million in Utility acquisition related expenses attributed to the Company reporting a net loss and total comprehensive loss attributable to shareholders of $1.3 million or $0.09 per share in the quarter ended September 30, 2018 compared to net income and total comprehensive income attributable to shareholders of $0.7 million or $0.5 per share in the comparable quarter last year. UGL segment revenue decreased by $4.6 million in the fourth quarter of Fiscal 2018 from the same period in the prior year when the Company’s largest airline account’s new pilots’ uniforms were shipped. Peerless segment revenue fell $3.7 million from the same quarter last year for the reasons stated above.


Business Outlook


The Company is in the transitional phase of moving to a more consistent and higher maintainable revenue base with the recently announced addition of two new airline accounts and the expansion of its North American footprint.


The new uniform programs for our second and third largest airline clients are in the pre-production phase and not expected to have a positive impact on revenue until launched in Fiscal 2020 and Fiscal 2021 respectively.


The UGL segment is on track to leverage its October 2018 acquisition of Montreal based Utility Garments Inc. to better service the combined entities’ existing and prospective Quebec clients as well as national customers with operations in Quebec. Although this acquisition is expected to be accretive to earnings per share before interest, taxes depreciation and amortization, acquisition related expenses and accounting treatment will impact net income in Fiscal 2019.


UGL’s recently announced expansion into the US will be supported by the launch of our first US based airline group, Alaska Airlines, and the proposed acquisition of the hospitality business of Red the Uniform Tailor. It will set the stage to target growth opportunities in this much larger market and better facilitate the servicing of our current international clients with extensive operations in the US. Additionally, 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 service provider to manage their North American apparel programs. 


With $31 million in firm contracts and options on hand as at September 30, 2018, the Peerless business segment is also well positioned to return to more normal levels of revenue and profitability commencing in the second quarter of fiscal 2019.


The combined operations of UGL and Peerless represent a vertically integrated North American 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. The Company will continue to build on these capabilities in 2019 and concentrate on the integration of its acquisitions.


In addition, the Company continues to position itself as a formidable contender for the large multi-billion dollar managed government clothing programs that are scheduled to be awarded by the Canadian Government in the 2019-2020 timeframe and to take advantage of the growth opportunities available through our acquisitions and expansion into the USA.


More detailed information is contained in the Company’s Consolidated Financial Statements for the fiscal year ended September 30, 2018 and Management Discussion and Analysis dated December 31, 2018 which may be accessed at www.sedar.com.


On Behalf of the Board of Directors


Douglas F Good
CEO


Investor relations contact:
Douglas F Good CEO at 778-­370-­1725 Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-­looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-­looking statements. Any forward-­looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-­looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-­looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-­looking statements. 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.

!

UNISYNC Corp.

lockPrivate Group

Unisync™ operates through two business segments: Unisync Group Limited of Mississauga, Ontario and Peerless Garments LP of Winnipeg, Manitoba. Unisync™ Group is a leading customer-­focused provider of corporate apparel, serving a list of leading Canadian iconic brands such as Air Canada, TELUS, G...

people3 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Request Membership


UNISYNC Corp.

lockPrivateGroup

Unisync™ operates through two business segments: Unisync Group Limited of Mississauga, Ontario and Peerless Garments ......

people3 Members       (0)

Thumb 8020 monitor 200200 2

8020Admin

1 hour

8020Admin posted a press release Announces Build-Up in Firm DND Contracts in UNISYNC CORP.


TORONTO, July 17, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that the Department of National Defense (“DND”) has recently exercised $8.5 million in contract options bringing the total firm orders under contract to $20.5 million at its subsidiary, Peerless Garments LP (“Peerless”). The largest contract option exercised involves the production of $6.1 million of enhanced combat uniforms. There remains a further $13.2 million in contract options still open for exercise which Peerless is working closely with the DND on to better understand and plan for the timing of future product requirements.


With this build-up in firm contracts, we are expecting a significant improvement in financial performance from our Peerless business unit during the latter half of Fiscal 2019 and in Fiscal 2020.


Unisync On The Move


Unisync is a broad-based vertically integrated North American 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.


UGL provides full-service, managed apparel programs for major corporations and government-related entities through operations across Canada and this year has expanded into the US marketplace through the establishment of a 45,000 sq. ft. distribution and service facility in Henderson, Nevada, and a sales and service facility in Lakewood, New Jersey. The Nevada facility is now staffed and starting to receive and kit new uniforms for the launch of its first major US based airline account which is scheduled to officially rollout its new designs in the first half of Fiscal 2020. UGL’s customer base includes a broad list of North American iconic brands as well as municipal and provincial agencies across Canada.
             
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 in Canada. It has been the leading prime contractor for the provision of operational clothing and accessories to the DND for over 40 years.


The combination of the core competencies of UGL in state-of-the-art web based B2B ordering, distribution, and program management systems and the Peerless decades of experience in providing DND operational clothing, positions Unisync as a major contender for the recently announced operational clothing and footwear contract (“OCFC2”) – a managed program estimated at $1 billion over the potential 20 year term of the contract. Public Works and Government Services Canada has indicated they expect to release the request for proposals on this project in the next two to three months.


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, Executive Chairman                                 


Investor relations contact: 
Douglas F Good                                              778-370-1725 or Email dgood@unisyncgroup.com


Primary Logo



 

!
Thumb 8020 monitor 200200 2

8020Admin

2 months

8020Admin posted a press release Unisync Announces Results of AGM in UNISYNC CORP.

VANCOUVER, British Columbia, May 30, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (the “Company”) (TSX: “UNI”) announces the voting results of the Annual and Special Meeting of its shareholders held on May 29, 2019 in Vancouver, British Columbia.


The following six nominees were re-elected as directors of the Company by the following votes:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=UNI%3ACC&qmodStoryID=4696240249830694 

!
Thumb 8020 monitor 200200 2

8020Admin

2 months

8020Admin posted a press release Unisync Reports 13% Increase in Fiscal Q2 Revenues Over Q1 in UNISYNC CORP.


TORONTO, May 14, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (the “Company") operates through two business segments: Unisync Group Limited (“UGL”) of Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba.


Revenue for the three months ended March 31, 2019 (fiscal “Q2”) of $19.1 million increased 13% over the previous quarter ended December 31, 2018 (fiscal “Q1”) revenues of $16.9 million. Revenues for the comparable quarter in 2018 were $17.3 million higher due to the initial shipment of multiple garment kits of newly designed uniforms to approximately 23,000 employees of the Company’s largest airline account - the most significant new uniform rollout in Company history.  This rollout followed the launch of new uniforms to this airline’s pilots during the latter half of fiscal 2017. Since these rollouts, volumes with this significant customer have returned to normal “steady state” replenishment levels i.e. at approximately 1/3 the size of the initial kit rollout of new uniforms.  Partially offsetting the revenue decrease from this return to steady state was the contribution of $4.6 million of revenue generated by Utility Garments Inc. (“Utility”) and $1.3 million from the former Red the Uniform Tailor (“RTUT”) operations that were both acquired in the current year. A $0.9 million revenue decrease in the Peerless segment was caused by continued delays in ramping up production capacity at sub-contractors following delays in the exercise of outstanding options on existing contracts by the Department of National Defence (“DND”). 


The Company realized a net loss and total comprehensive loss of $1.3 million in Q2 compared to net income and total comprehensive loss of $0.9 million in Q1.  Net income was impacted by a non-cash fair value adjustment of $0.5 million to inventory acquired on the acquisition of Utility and $0.7 million of increased legal, public company and higher technology support costs for the Company’s new Enterprise Resource Planning (“ERP”) computer system under implementation.


Adjusted EBITDA (earnings before interest expense, income taxes, depreciation and amortization, share-based payment, and acquisition related costs) was negative $0.4 million for Q2 against $0.3 million for Q1.


More detailed information is contained in the Company’s Interim Financial Statements for the three months ended March 31, 2019 and Management Discussion and Analysis dated May 10, 2019 which may be accessed at www.sedar.com.


Business Outlook


The UGL segment is seeing rationalization of its competition and opportunities to expand its market share both in Canada and the United States.  Following upon the October 1, 2018 Utility acquisition, the Company leased a new 45,000 square foot distribution centre facility in Henderson, Nevada for operation in late fiscal 2019 and acquired the hospitality assets of RTUT in Lakewood, New Jersey (since relocated to Farmingdale, New Jersey).  Building upon these initial investments, the Company sees significant opportunities for growth in the US market.  


UGL’s second largest airline account, Alaska Airlines, is scheduled to officially rollout its new uniforms to its 19,000 uniformed employees starting in early fiscal 2020.  UGL is responsible for all aspects of the program including manufacturing, quality, safety, inventory planning, online ordering, customer service, and warehouse and distribution. UGL will be distributing to Alaska Airlines employees from its Henderson, Nevada distribution centre.  UGL intends to use this location to expand its marketing efforts to other US customers in industry sectors where UGL has built a strong knowledge base, such as in food service, hospitality, private security, retail and transportation. In addition, UGL was recently selected by WestJet to take over its current uniform program and to test, manufacture and distribute a new uniform to its 10,000 uniformed employees starting in early fiscal 2021.   


With $36 million in firm contracts and options on hand as at March 31, 2019, the Peerless business segment is well positioned to return to more normal levels of revenues and profitability for the balance of fiscal 2019 and 2020.


On Behalf of the Board of Directors


Matthew Graham
CEO


Investor relations contact: 
Douglas F Good at 778-370-1725     Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.


 Primary Logo


!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Announces the Appointment of New CEO in UNISYNC CORP.

TORONTO, April 25, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that Matt Graham has been appointed Chief Executive Officer (“CEO”) replacing Douglas Good who moves to Executive Chairman.  Mr. Graham will be based out of Unisync’s operational head office located in Mississauga, Ontario.


“As our board contemplated the right strategic leader for the next phase of Unisync’s development, it quickly became apparent that Matt Graham was an excellent fit. He has the qualities and proven experience that Unisync needs to continue its growth strategy,” commented Douglas Good. “His most recent role as CEO and Director of a large Australian Uniform company saw him increase revenues three-fold during his six year tenure and he personally drove an expansion into Asia and the Middle East based on his strong financial, marketing and global sourcing capabilities. Under his leadership the company became the Prime Vendor for the Australian Defence Forces and won several Defence design awards for innovation and excellence in Defence materials and equipment.”


“His proven track record over nearly 30 years in the apparel industry speaks for itself. His senior management experience and passion for achieving high performance in growth, innovation and ultimately customer satisfaction will provide the vision and operational oversight for Unisync to optimize its current opportunities and leverage its existing capabilities into new verticals”.


Mr. Graham, who spent his earlier years in the funds management financial sector before moving into apparel, was enthusiastic about the Unisync opportunity and his relocation to Canada.  “I am excited to be joining such an innovative, forward-thinking organization as Unisync. They are a leader in end-to-end complex uniform managed service solutions and have a solid reputation in delivering innovative garment programs to both its public and private customers. I am very impressed with the level of success they have achieved to date and the current management team should be commended for their portfolio of blue-chip clients such as Air Canada, WestJet, Alaska Airlines, Purolator, Petro-Canada and the Canadian Department of National Defence, amongst others. I am excited to join the executive team at such a pivotal moment of growth for the company and I look forward to working with all Unisync divisions to exceed the expectations of our customers, partners and shareholders,” commented Mr. Graham.


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 last 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.               


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, Executive Chairman                                 


Investor relations contact: 
Douglas F Good                                             
778-370-1725 or Email dgood@unisyncgroup.com

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Selected as Uniform Provider to Rocky Mountineer in UNISYNC CORP.

TORONTO, March 29, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that it’s subsidiary, Unisync Group Limited (“UGL”), has entered into a multi-year contract to provide uniforms to all on-board and destination employees of the Rocky Mountaineer passenger railway. This agreement represents the culmination of an extensive review of Unisync’s customer-focused service, award winning designs, product quality and technological innovation.


“We are proud to have been selected as their partner to create and supply new uniforms which will form part of the Rocky Mountaineer ultimate travel experience,” commented UGL President, B. James Bottoms. “We look forward to working with Rocky Mountaineer as their new image apparel is introduced later this year on all four distinctive rail routes that travel in British Columbia, Alberta and the Pacific Northwest and wind through some of the World’s most beautiful landscapes of rivers and valleys forming part of the Rocky Mountain Range.”


“We are pleased to partner with UGL to outfit our team in uniforms that are of high-quality and comfort, and reflect our brand,” said Mark Southern, SVP and COO, Rocky Mountaineer.


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 and Peerless Garments LP.


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      
Unisync Corp.           


Investor relations contact: 
778-370-1725
or Email dgood@unisyncgroup.com 

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Announces AGM Date in UNISYNC CORP.

VANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX:"UNI") (“Unisync") announces that it has set its Annual and Special Meeting (“AGM”) for Wednesday, May 29, 2019.


Due to the AGM timing requirements of the Toronto Stock Exchange (“TSX”) following the Company’s recent graduation from the TSX Venture Exchange, the Company was granted an extension from the TSX to hold the AGM later than six months from year-end.


The business at the AGM is expected to include the election of directors, appointment of auditor and approval of an amended and restated stock option plan of the Company to comply with TSX requirements relating to securities compensation arrangements.


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     
Unisync Corp.           


Investor relations contact: 
778-370-1725
or Email dgood@unisyncgroup.com           

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Corp. Opens the Market in UNISYNC CORP.

TORONTO, Feb. 28, 2019 /CNW/ - Douglas Good, CEO, Unisync Corp. (UNI), joined Michael Kousaie, Vice-President, Strategy and Product Innovation, Toronto Stock Exchange and TSX Venture Exchange, to open the market. Unisync is a vertically integrated Canadian enterprise with capabilities in garment design, domestic manufacturing, and off-shore outsourcing, including web based business-to-business (B2B) ordering, distribution, and program management systems. Unisync Corp. graduated and commenced trading on Toronto Stock Exchange on January 14, 2019.



Unisync Corp. Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/28/c0708.html

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Reports 24% Increase in First Quarter Revenues in UNISYNC CORP.

VANCOUVER, British Columbia, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (the “Company") operates through two business segments: Unisync Group Limited (“UGL”) of Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba.


Revenue for the three months ended December 31, 2018 of $16.9 million increased by $3.3 million or 24% over the three months ended December 31, 2017. Revenue increased in the UGL segment by $5.3 million due in most part to the inclusion of $5.2 million in revenue generated by Quebec based Utility Garments Inc. (“Utility”) from the October 1, 2018 acquisition date. Utility revenue includes sales to such national brands as Sobeys and Tim Hortons as well as Quebec based accounts such as Jean Coutu and Familiprix. Offsetting this increase was a decline of $2 million in the Peerless segment’s revenue caused by delays in the receipt of technical fabrics and production capacity issues at sub-contractors.


A net loss and total comprehensive loss of $0.9 million was reported for the quarter compared to a loss of $0.03 million for the same quarter last year. Adjusted EBITDA (earnings before interest expense, income taxes, depreciation and amortization, share-based payment and acquisition related costs) was $0.3 million for the three months ended December 31, 2018 against $0.6 million for the three month period ended December 31, 2017.


More detailed information is contained in the Company’s Interim Financial Statements for the three months ended December 31, 2018 and Management Discussion and Analysis dated February 26, 2019 which may be accessed at www.sedar.com.


Business Outlook


The UGL segment is seeing rationalization of its competition and opportunities to expand its market share both in Canada and the United States. In Canada, UGL was recently selected by WestJet to test, manufacture and distribute its new uniform rollout to its 10,000 uniformed employees starting in early fiscal 2021.   


The Company’s first major US based airline account recently approved production of its new custom uniform collection which is scheduled to officially rollout to the 19,000 uniformed employees of Alaska Airlines, Horizon and Virgin America starting in early fiscal 2020. In support of this initiative, the Company has leased a new 45,000 square foot distribution facility in Henderson, Nevada, which it also intends to use to expand its marketing efforts and support new US customers in industry sectors where UGL has built a strong knowledge base, such as in food service, hospitality, private security, retail and transportation. This facility is also expected to support the sales initiatives of New Jersey based Red the Uniform Tailor’s hospitality division which was acquired in January of 2019. Building upon these initial initiatives, the Company sees significant opportunities for growth in the US market.


The Peerless business segment is also well positioned to return to more normal levels of revenues and profitability during the balance of fiscal 2019 due to the large build-up in production back-log being carried over into the balance of Fiscal 2019. As at December 31, 2018, Peerless had $39 million in firm contracts and options with the Department of National Defence.


On Behalf of the Board of Directors


Douglas F Good
CEO


Investor relations contact: 
Douglas F Good CEO at 778-370-1725     Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. 

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Receives Final Approval to Graduate to TSX in UNISYNC CORP.

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 responsibility for the adequacy or accuracy of this release.

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Closes Acquisition of New Jersey Based Hospitality Business in UNISYNC CORP.

TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSXV: "UNI") (“Unisync") is pleased to announce that it has completed the previously announced acquisition of the New Jersey based hospitality business and assets, operated under the trade name Red the Uniform Tailor, from GALLS, LLC of Lexington, KY.


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

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.

!
Thumb 8020 monitor 200200 2

8020Admin

3 months

8020Admin posted a press release Unisync Reports 17% Revenue Increase for Fiscal 2018 in UNISYNC CORP.

VANCOUVER, British Columbia, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSXV: "UNI") recorded a 17% or $11.3 million increase in revenue to $76.8 million for the year ended September 30, 2018 from $65.6 million in the prior year. Net income and total comprehensive income attributable to shareholders increased to $7.1 million or $0.53 per share from $0.7 million or $0.05 per share in Fiscal 2017.


The Company operates through two business segments: Unisync Group Limited (“UGL”) with its North American head office in Mississauga, Ontario and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba. UGL is a leading customer-­focused provider of corporate and public sector apparel, serving a list of leading North American iconic brands and public entities. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing and accessories for a broad spectrum of Federal, Provincial and Municipal government departments and agencies.


UGL Business Segment


In recent years this business segment has been awarded re-design projects involving a full range of corporate imagewear for a number of major corporations, including three major airlines and their affiliated entities – Air Canada, Alaska Airlines and WestJet. The launch of a re-designed uniform program for a large new or existing client is a major undertaking involving the pre-staging of resources from early in the design process to the actual launch. The re-design process and the resulting changeover can span a two to three year period and explains why it is often 10 years or more before companies undertake a re-design of their existing program. A launch involves the delivery of kits that may include two or more pieces of each uniform item per employee resulting in a significant revenue increase at that time. The following year understandably experiences lower replenishment deliveries until volumes return to normal “steady state” maintenance and replacement levels.


The UGL segment’s 66% or $26.1 million year over year increase in revenue was due to the bulk shipment of a new uniform rollout to the employees of the Company’s largest airline account during the second quarter of the year and the shipping of a large newly designed uniform program to Canada’s largest drug store chain’s employees during the third quarter of the year.  


Peerless Business Segment


These successes in the UGL business segment were partially offset by an unusual and significant decline in the Peerless segment’s revenue over the prior year caused by continued delays in the exercise of outstanding options on existing contracts with the Department of National Defence (“DND”).  These delays combined with the production lead time required by suppliers of technical fabric, resulted in deliverables under a large DND contract option that was eventually exercised early in the fourth quarter being pushed into Fiscal 2019. As a result of these delays, revenue from the Peerless segment decreased from $25.6 million in Fiscal 2017 to $10.9 million in Fiscal 2018.


Fourth Quarter Results


The above factors were the major reasons why fourth quarter consolidated revenues declined to $11.8 million from $20.1 million in the same quarter last year. The lower level of revenue combined with a $0.5 million inventory provision and $0.2 million in Utility acquisition related expenses attributed to the Company reporting a net loss and total comprehensive loss attributable to shareholders of $1.3 million or $0.09 per share in the quarter ended September 30, 2018 compared to net income and total comprehensive income attributable to shareholders of $0.7 million or $0.5 per share in the comparable quarter last year. UGL segment revenue decreased by $4.6 million in the fourth quarter of Fiscal 2018 from the same period in the prior year when the Company’s largest airline account’s new pilots’ uniforms were shipped. Peerless segment revenue fell $3.7 million from the same quarter last year for the reasons stated above.


Business Outlook


The Company is in the transitional phase of moving to a more consistent and higher maintainable revenue base with the recently announced addition of two new airline accounts and the expansion of its North American footprint.


The new uniform programs for our second and third largest airline clients are in the pre-production phase and not expected to have a positive impact on revenue until launched in Fiscal 2020 and Fiscal 2021 respectively.


The UGL segment is on track to leverage its October 2018 acquisition of Montreal based Utility Garments Inc. to better service the combined entities’ existing and prospective Quebec clients as well as national customers with operations in Quebec. Although this acquisition is expected to be accretive to earnings per share before interest, taxes depreciation and amortization, acquisition related expenses and accounting treatment will impact net income in Fiscal 2019.


UGL’s recently announced expansion into the US will be supported by the launch of our first US based airline group, Alaska Airlines, and the proposed acquisition of the hospitality business of Red the Uniform Tailor. It will set the stage to target growth opportunities in this much larger market and better facilitate the servicing of our current international clients with extensive operations in the US. Additionally, 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 service provider to manage their North American apparel programs. 


With $31 million in firm contracts and options on hand as at September 30, 2018, the Peerless business segment is also well positioned to return to more normal levels of revenue and profitability commencing in the second quarter of fiscal 2019.


The combined operations of UGL and Peerless represent a vertically integrated North American 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. The Company will continue to build on these capabilities in 2019 and concentrate on the integration of its acquisitions.


In addition, the Company continues to position itself as a formidable contender for the large multi-billion dollar managed government clothing programs that are scheduled to be awarded by the Canadian Government in the 2019-2020 timeframe and to take advantage of the growth opportunities available through our acquisitions and expansion into the USA.


More detailed information is contained in the Company’s Consolidated Financial Statements for the fiscal year ended September 30, 2018 and Management Discussion and Analysis dated December 31, 2018 which may be accessed at www.sedar.com.


On Behalf of the Board of Directors


Douglas F Good
CEO


Investor relations contact:
Douglas F Good CEO at 778-­370-­1725 Email dgood@unisyncgroup.com


Forward Looking Statements
This news release may contain forward-­looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-­looking statements. Any forward-­looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-­looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-­looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-­looking statements. 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.

!