Versatile Systems Inc.

Versatile Systems Inc.

March 01, 2010 03:30 ET

Versatile Announces Desjardins Group as New Financial Services Partner

VANCOUVER, CANADA--(Marketwire - March 1, 2010) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), announces that Desjardins Group, the largest cooperative financial group in Canada is a new financial services partner. Desjardins customers, including La-Z-Boy Canada, will now be able to process credit applications using the Versatile Mobiquity Kiosk™ system to make the transaction more efficient and secure.

Combining Versatile's proprietary kiosk hardware and software, the Mobiquity Kiosk™ enables retailers to automatically process electronic credit card applications. It is designed for retail establishments that sell big-ticket items in a retail showroom environment. The solution also delivers improved sales performance at the showroom level while providing the retailer with valuable purchasing information and business metrics.

Versatile has partnered with Desjardins to provide consumer finance solutions for their customers using Versatile's Mobiquity Kiosk™. "We have been looking for an innovative way to help our retail partners enhance the customer experience, improve sales and increase customer loyalty, with the highest level of security available," said Philip Ward, Sales Director at the Desjardins Card Services Division. "We are pleased to have Versatile's Mobiquity Kiosk™ as part of our suite of products and services offerings for our client partners."

"Desjardins will be an excellent partner for Versatile throughout Canada," said Oliver Poppenberg, Jr, Executive Vice President, Sales. "Desjardins is a forward thinking financial institution that is committed to the highest level of customer service and recognizes that technology can play a major part in achieving that goal."

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information:

About Desjardins

Desjardins Group is the largest cooperative financial group in Canada, and the sixth largest in the world, with overall assets of $163 billion. Drawing on the strength of its caisse network in Quebec and Ontario, as well as its subsidiaries, several of which are active throughout Canada, Desjardins offers a full range of financial products and services to its 5.8 million individual and business members and clients. Desjardins Group is also home to a wealth of expertise in property and casualty insurance, life and health insurance, wealth management, services for businesses of all sizes, securities brokerage, venture capital, asset management and secure leading-edge virtual access methods, all part of an integrated offer that is the only one of its kind in Canada. One of the largest employers in the country, Desjardins is backed by the knowledge and skills of its 42,000 employees and the commitment of its 6,300 elected officers. To find out more, go to

 (C) 2010 Versatile Systems Inc. All rights reserved.

The TSX Venture Exchange and the AIM market of the London Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Versatile Systems Inc.
    John Hardy
    Chairman and CEO
    International: 001-206-979-6760
    Versatile Systems Inc.
    Fraser Atkinson
    NCB Stockbrokers Limited (Nominated Adviser)
    Christopher Caldwell or Barclay Clibborn
    +44 (0) 20 7071 5200
    (for journalists only):
    Caroline Phemius
    Advisor, Media Relations
    (514) 281-7000 or 1 866 866-7000, ext. 7646