VersaPay Corporation
TSX VENTURE : VPY

VersaPay Corporation

August 21, 2014 09:00 ET

Art Mesher Appointed Chairman of VersaPay's Board of Directors

TORONTO, ONTARIO--(Marketwired - Aug. 21, 2014) - VersaPay Corporation (TSX VENTURE:VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces the appointment of Art Mesher as Chairman of the Board of Directors (the "Board"), replacing Jason Gurandiano, who is stepping off the Board, effective August 20, 2014.

Mr. Gurandiano was the longest serving member of VersaPay's Board, having been appointed in October of 2007, and played an instrumental role in building the Company. The Board wishes to thank Mr. Gurandiano for his contributions to the Company's development and wishes him every success in the future.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or bank account payments and reconcile payments in real time using their current accounting software.

VersaPay's head office is located in Toronto, Canada, and also offers traditional credit and debit card acceptance services through its Merchant Services division in Montreal, Quebec. VersaPay's U.S. division is headquartered in New York.

More information about VersaPay can be found at www.versapay.com.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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