17:58:16 EDT Sun 25 Oct 2020
Enter Symbol
or Name

Login ID:
Uniserve Communications Corp (5)
Symbol USS
Shares Issued 61,079,305
Close 2020-08-25 C$ 0.045
Recent Sedar Documents

Uniserve sues over unpaid $448,192 invoice

2020-08-25 18:10 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Uniserve Communications Corp., a provider of wholesale and retail Internet services, has filed a debt collection lawsuit in the Supreme Court of British Columbia against one of its customers. It claims that Suntel Networks Inc. of Richmond owes it $448,192, plus $140,169 in interest, for services going back to January, 2018. It is seeking the court-ordered payment of those amounts.

The allegations are contained in a notice of claim that Uniserve filed at the Vancouver courthouse on Monday, Aug. 24. The lawsuit centres around an agreement that Uniserve and Suntel entered into in January, 2018. Uniserve agreed to provide internet services to Suntel for resale to home users. The agreement appears to have contemplated Suntel having limited cash, as Uniserve agreed to finance the purchase of equipment that new customers would require.

The problems, at least according to Uniserve, began soon after. At some point in 2018, Suntel repeatedly failed to pay the invoices it received from Uniserve, the suit states. On May 23, 2019, Uniserve provided Suntel with written notice that it was in breach of the services agreement. According to the suit, Suntel acknowledged that it was behind on payments, and set up a new payment schedule. Suntel also agreed that it would encourage its customers to migrate their services directly to Uniserve, the suit states.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.