Recent Insider Transactions • Jul 10
Independent Lead Director recently bought CA$55k worth of stock On the 9th of July, Bradley Scharfe bought around 84k shares on-market at roughly CA$0.65 per share. This transaction increased Bradley's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$317k more in shares than they have sold in the last 12 months. Recent Insider Transactions Derivative • May 17
Independent Director exercised options to buy CA$130k worth of stock. On the 11th of May, Earnest Beaudin exercised options to buy 200k shares at a strike price of around CA$0.40, costing a total of CA$80k. This transaction amounted to 22% of their direct individual holding at the time of the trade. Since June 2025, Earnest's direct individual holding has increased from 415.00k shares to 898.50k. Company insiders have collectively bought CA$708k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 06
Third quarter 2026 earnings released: CA$0.039 loss per share (vs CA$0.023 loss in 3Q 2025) Third quarter 2026 results: CA$0.039 loss per share (further deteriorated from CA$0.023 loss in 3Q 2025). Revenue: CA$2.74m (up 60% from 3Q 2025). Net loss: CA$1.55m (loss widened 149% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 174 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Apr 26
CEO & Chairman exercised options to buy CA$105k worth of stock. On the 22nd of April, Gautam Lohia exercised options to buy 150k shares at a strike price of around CA$0.40, costing a total of CA$60k. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since September 2025, Gautam's direct individual holding has increased from 300.00k shares to 450.00k. Company insiders have collectively bought CA$590k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Apr 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$163k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (CA$163k sold). Market cap is less than US$100m (CA$27.0m market cap, or US$19.7m). Recent Insider Transactions • Apr 16
Executive Director recently sold CA$82k worth of stock On the 9th of April, Kwin Grauer sold around 130k shares on-market at roughly CA$0.63 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$201k more than they sold in the last 12 months. Reported Earnings • Feb 01
Second quarter 2026 earnings released: EPS: CA$0.004 (vs CA$0.01 loss in 2Q 2025) Second quarter 2026 results: EPS: CA$0.004 (up from CA$0.01 loss in 2Q 2025). Revenue: CA$2.09m (up 12% from 2Q 2025). Net income: CA$153.2k (up CA$431.8k from 2Q 2025). Profit margin: 7.3% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 160 percentage points per year, which is a significant difference in performance. New Risk • Jan 31
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$25.3m market cap, or US$18.6m). Tillkännagivande • Dec 02
Uniserve Communications Corporation Appoints Gautam Lohia as Chairman of the Board, Effective 01 December 2025 Uniserve Communications Corporation appointed Gautam Lohia as - Chairman of the Board effective immediately following the Companys Annual General Meeting held November 24, 2025. Mr. Lohia brings a distinguished record of leadership across capital markets, infrastructure investment and strategic corporate governance, and is widely regarded as a seasoned advisor to high-growth platforms navigating transformational scale. His appointment reinforces Uniserves evolution from a traditional ISP model into a next-generation Digital Infrastructure Platform owning and operating the backbone that enables data, applications, AI and digital services to function reliably, securely and at scale. New Risk • Oct 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$21.0m market cap, or US$15.0m). Reported Earnings • Oct 26
First quarter 2026 earnings released: CA$0.008 loss per share (vs CA$0.004 loss in 1Q 2025) First quarter 2026 results: CA$0.008 loss per share (further deteriorated from CA$0.004 loss in 1Q 2025). Revenue: CA$2.12m (up 28% from 1Q 2025). Net loss: CA$264.0k (loss widened 137% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 171 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
Full year 2025 earnings released: CA$0.071 loss per share (vs CA$0.007 loss in FY 2024) Full year 2025 results: CA$0.071 loss per share (further deteriorated from CA$0.007 loss in FY 2024). Revenue: CA$6.97m (up 8.3% from FY 2024). Net loss: CA$1.90m (loss widened CA$1.71m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 172 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 19
Insider recently bought CA$60k worth of stock On the 17th of September, Michael Scholz bought around 100k shares on-market at roughly CA$0.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$235k more in shares than they have sold in the last 12 months. Tillkännagivande • Sep 11
Uniserve Communications Corporation, Annual General Meeting, Nov 24, 2025 Uniserve Communications Corporation, Annual General Meeting, Nov 24, 2025. Location: british columbia, whistler Canada New Risk • Jul 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-CA$22k). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (CA$16.9m market cap, or US$12.3m). Tillkännagivande • Jul 20
Uniserve Communications Corporation announced that it has received CAD 1.8 million in funding On July 18, 2025. Uniserve Communications Corporation announced that it has closed the transaction. Tillkännagivande • Jun 05
Uniserve Communications Corporation announced that it expects to receive CAD 1.5 million in funding Uniserve Communications Corporation announced a private placement of up to 5,000,000 units at a price of CAD 0.3 per unit for the gross proceeds of CAD 1,500,000 on June 4, 2025. Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant will be exercisable for one additional common share at CAD 0.40 per share for one year. Approximately 50% of the placement will be taken by directors, insiders and employees of the company. There will be no finder’s fees or commission paid pursuant to this placement, and the private placement is subject to TSX Venture Exchange approval. The securities issued under the placement will be subject to a four month hold period. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Gautam Lohia was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$373k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$373k free cash flow). Negative equity (-CA$22k). Market cap is less than US$10m (CA$8.59m market cap, or US$6.21m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$6.9m revenue, or US$5.0m). Tillkännagivande • Feb 06
Uniserve Communications Corporation (TSXV:USS) completed the acquisition of Substantially all assets of Cyclone Systems Inc. for CAD 2.35 million. Uniserve Communications Corporation (TSXV:USS) entered into an Asset Purchase Agreement to acquire Substantially all assets of Cyclone Systems Inc. for CAD 2.35 million on January 24, 2025. Consideration consists of CAD 1.35 million payable in cash on closing, and CAD 1 million through the issuance of a convertible note with a three year term, bearing annual interest at 6%, payable monthly. Any Shares issued under the Note will be issued at the following price, depending on the year in which the Shares are issued: • Year 1: Convertible at $0.35 per Share • Year 2: Convertible at $0.45 per Share • Year 3: Convertible at $0.55 per Share. The transaction is subject to TSXV approval and is expected to close within the next 15 days.
Uniserve Communications Corporation (TSXV:USS) completed the acquisition of Substantially all assets of Cyclone Systems Inc. on February 5, 2025. Reported Earnings • Jan 29
Second quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.005 loss in 2Q 2024) Second quarter 2025 results: CA$0.01 loss per share (further deteriorated from CA$0.005 loss in 2Q 2024). Revenue: CA$1.86m (up 20% from 2Q 2024). Net loss: CA$278.5k (loss widened 91% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 18
Uniserve Communications Corporation, Annual General Meeting, Jan 14, 2025 Uniserve Communications Corporation, Annual General Meeting, Jan 14, 2025. Location: british columbia, vancouver Canada Recent Insider Transactions • Nov 07
Insider recently bought CA$99k worth of stock On the 6th of November, Michael Scholz bought around 1m shares on-market at roughly CA$0.075 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$112k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 30
First quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2024) First quarter 2025 results: CA$0.001 loss per share (in line with 1Q 2024). Revenue: CA$1.65m (up 9.1% from 1Q 2024). Net loss: CA$111.5k (loss widened 162% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 09
Uniserve Communications Corporation Appoints Kwin Grauer as Chairman of its Board Uniserve Communications Corporation announced the appointment of Mr. Kwin Grauer as the Chairman of the Company's Board. Reported Earnings • Sep 29
Full year 2024 earnings released: CA$0.002 loss per share (vs CA$0 in FY 2023) Full year 2024 results: CA$0.002 loss per share (further deteriorated from CA$0 in FY 2023). Revenue: CA$6.44m (down 1.5% from FY 2023). Net loss: CA$191.1k (down CA$204.9k from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 12
Uniserve Communications Corporation Announces the Resignation of Stuart Omsen as Director Uniserve Communications Corporation announced the resignation of Stuart Omsen as a Director of the Company. Mr. Omsen joined the Board in August of 2021. Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (in line with 3Q 2023). Revenue: CA$1.63m (down 6.2% from 3Q 2023). Net loss: CA$37.7k (loss widened 121% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 30
Second quarter 2024 earnings released: CA$0.002 loss per share (vs CA$0 in 2Q 2023) Second quarter 2024 results: CA$0.002 loss per share (further deteriorated from CA$0 in 2Q 2023). Revenue: CA$1.55m (down 14% from 2Q 2023). Net loss: CA$146.0k (down CA$166.6k from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 21
Uniserve Communications Corporation Approves Board Changes Uniserve Communications Corporation announced at annual general meeting held on December 14, 2023, the shareholders elected Bikramjeet (Rony) Pawar and Bradley Scharfe as directors. Rony Pawar holds a BA in Economics and an MBA in International Business. Rony has worked with businesses that create effective leaders to improve their operations and achieve sustainable growth. Rony is the founder and Chief Executive Officer of Magnum Business Growth Consulting and is an Amazon #1 bestselling and award- winning author, among his many accomplishments. Brad Scharfe holds a BA from the University of Toronto, where he majored in Commerce and Economics. Brad is an accomplished financier with over 25 years of expertise in North America's lucrative capital markets. Brad has spearheaded financing efforts and is an expert at raising, deploying, and managing venture capital for companies. He was a successful venture capital stockbroker with Canaccord Capital Corporation, a premier Canadian investment firm, and was part of the Chairman's Club based on outstanding achievement. The company further announced the resignation of Arif Merali as a Director. Reported Earnings • Nov 02
First quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0 in 1Q 2023) First quarter 2024 results: CA$0.001 loss per share (further deteriorated from CA$0 in 1Q 2023). Revenue: CA$1.51m (down 8.3% from 1Q 2023). Net loss: CA$42.6k (loss widened 68% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
First quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0 in 1Q 2023) First quarter 2024 results: CA$0.001 loss per share (further deteriorated from CA$0 in 1Q 2023). Revenue: CA$1.51m (down 13% from 1Q 2023). Net loss: CA$42.6k (loss widened 68% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Oct 13
Uniserve Communications Corporation, Annual General Meeting, Dec 14, 2023 Uniserve Communications Corporation, Annual General Meeting, Dec 14, 2023. Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: CA$0 (vs CA$0.006 in FY 2022) Full year 2023 results: EPS: CA$0 (down from CA$0.006 in FY 2022). Revenue: CA$6.54m (down 15% from FY 2022). Net income: CA$13.8k (down 97% from FY 2022). Profit margin: 0.2% (down from 5.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.001 in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (down from CA$0.001 in 3Q 2022). Revenue: CA$1.73m (down 17% from 3Q 2022). Net loss: CA$17.1k (down 122% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 29
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.002 in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (down from CA$0.002 in 2Q 2022). Revenue: CA$1.81m (down 1.6% from 2Q 2022). Net income: CA$20.6k (down 85% from 2Q 2022). Profit margin: 1.1% (down from 7.4% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 10
Uniserve Communications Corporation, Annual General Meeting, Feb 16, 2023 Uniserve Communications Corporation, Annual General Meeting, Feb 16, 2023. Tillkännagivande • Nov 03
Uniserve Communications Corporation Announces Demise of Owen Morley, Director and the CTO Uniserve Communications Corporation announces the passing of Owen Morley, a Director and the CTO of the Company. Reported Earnings • Sep 30
Full year 2022 earnings released: EPS: CA$0.006 (vs CA$0.002 in FY 2021) Full year 2022 results: EPS: CA$0.006 (up from CA$0.002 in FY 2021). Revenue: CA$7.70m (down 4.5% from FY 2021). Net income: CA$393.5k (up 181% from FY 2021). Profit margin: 5.1% (up from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Third quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.001 (up from CA$0 in 3Q 2021). Revenue: CA$2.10m (up 17% from 3Q 2021). Net income: CA$76.5k (up 219% from 3Q 2021). Profit margin: 3.6% (up from 1.3% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 30
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: CA$0.002 (up from CA$0.001 loss in 2Q 2021). Revenue: CA$1.83m (up 12% from 2Q 2021). Net income: CA$136.4k (up CA$193.7k from 2Q 2021). Profit margin: 7.4% (up from net loss in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jan 08
CTO & Non-Independent Director exercised options to buy CA$70k worth of stock. On the 4th of January, Owen Morley exercised options to buy 400k shares at a strike price of around CA$0.15, costing a total of CA$60k. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. Since September 2021, Owen has owned 11.38m shares directly. Company insiders have collectively bought CA$114k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Oct 31
First quarter 2022 earnings released: EPS CA$0.002 (vs CA$0.004 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: CA$1.80m (down 4.5% from 1Q 2021). Net income: CA$128.8k (up CA$389.2k from 1Q 2021). Profit margin: 7.2% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Full year 2021 earnings released: EPS CA$0.002 (vs CA$0.066 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: CA$8.06m (down 35% from FY 2020). Net income: CA$140.0k (up CA$3.64m from FY 2020). Profit margin: 1.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Earnest Beaudin is the most experienced director on the board, commencing their role in 2011. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 09
Uniserve Communications Corporation announced that it expects to receive CAD 0.7 million in funding Uniserve Communications Corporation (TSXV:USS) announced a private placement of up to 7,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 700,000 on June 8, 2021. Each unit will consist of one common share and one transferable 2 year share purchase warrant. One warrant will be exercisable for one additional common share at CAD 0.12 per share during year one, and CAD 0.15 per share during year two. There will be no finder’s fees or commission paid pursuant to this placement and the same is subject to TSX Venture Exchange approval. Reported Earnings • Jan 30
Second quarter 2021 earnings released The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$1.64m (down 34% from 2Q 2020). Net loss: CA$57.3k (loss narrowed 94% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 65% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
First quarter earnings released Over the last 12 months the company has reported total losses of CA$3.36m, with losses widening by 55% from the prior year. Total revenue was CA$11.7m over the last 12 months, down 2.2% from the prior year. Tillkännagivande • Sep 29
Uniserve Communications Corporation Auditor Raises 'Going Concern' Doubt Uniserve Communications Corporation filed its Annual on Sep 24, 2020 for the period ending May 31, 2020. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Sep 28
Full year earnings released - CA$0.066 loss per share Over the last 12 months the company has reported total losses of CA$3.50m, with losses widening by 17% from the prior year. Total revenue was CA$12.4m over the last 12 months, largely unchanged from the prior year. Tillkännagivande • Jul 01
Uniserve Communications Corporation Announces Executive Changes Uniserve Communications Corporation announced announce that Michael C. Scholz has stepped down as Chief Executive Officer and Director of the Company, effective June 25, 2020. Kelly Walker, has been appointed Interim Chief Executive Officer, effective immediately. Mr. Walker has been the President since September 2019 and Director since January 2019.