Versatile Systems Inc.

Versatile Systems Inc.

November 16, 2005 17:25 ET

Change of Name, Symbol and Corporate Jurisdiction; Versatile Commences Trading Under New Symbol VV

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2005) - Versatile Systems Inc. (TSX VENTURE:VV) announces today that the name of the Company has been changed to Versatile Systems Inc. and the Company has received a Certificate of Continuance under the British Columbia Business Corporations Act effecting the change of the corporate jurisdiction of the Company from the Yukon to British Columbia. The change of the corporate jurisdiction and name change was previously approved by the Company's shareholders. The Company's shares commenced trading today on the TSX Venture Exchange under the new symbol: VV.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. By using Versatile's technology, companies in the consumer packaged goods, and transportation industries have gained the benefits of supply chain visibility, shortened fulfillment cycles and improved customer satisfaction. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computing environments. Versatile has the ability to architect solutions involving both proprietary and third party components. Versatile's international customer list includes Cadbury Schweppes, Kellogg, Motorola, Tyco (AMP), Comcast, Adelphia Communications, Time Warner (AOL), Mellon Financial, Albertsons, Michaels, Nordstrom, Astra Zeneca, and Bristol Meyers Squibb.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's operations or to the environment in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward looking statements. Consequently readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

(C) 2005 Versatile Systems Inc. All rights reserved.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Versatile Systems Inc.
    John Hardy
    Chairman and CEO
    1-800-851-1281 or 1-206-979-6760
    Versatile Systems Inc.
    Fraser Atkinson
    (604) 683-2915 ext. 214