VersaPay Corporation
TSX VENTURE : VPY

February 10, 2012 09:30 ET

Hockey Canada Approves VersaPay as a Payment Provider to its Membership

MONTREAL, QUEBEC--(Marketwire - Feb. 10, 2012) - VersaPay Corporation (TSX VENTURE:VPY) ("VersaPay" or the "Company"), a provider of merchant credit, debit and B2B/B2C Electronic Bill Payment and Presentment solutions, today announced that it has entered into an agreement to provide Hockey Canada, the sole governing body for all amateur hockey in Canada with payment processing services and alternative payment services.

"I am both pleased and extremely proud, to have VersaPay associated with such a wonderful national organization, in Hockey Canada. This truly is a special partnership and is an extension of VersaPay's involvement and support of minor league sport within Canada." said Patrick MacDonald, President of VersaPay.

Specific terms of the deal were not disclosed.

More information about VersaPay and Hockey Canada can be found at www.versapay.com www.hockeycanada.ca.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses across Canada. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types require to accept and process electronic payments.

In addition, the Company's proprietary Electronic Invoice Presentment and Payment platform facilitates the efficient exchange of documents and payments between suppliers and customers.

VersaPay has operations in Montreal, Toronto and Vancouver.

About Hockey Canada

Hockey Canada is the national governing body for grassroots hockey in this country. The organization works in conjunction with the 13 regional branches, the Canadian Hockey League and Canadian InterUniversity Sport in growing the game at all levels. Hockey Canada oversees the management of programs in Canada from entry-level to high performance teams and competitions, including world championships and the Olympic Winter Games. Hockey Canada is also Canada's voice within the International Ice Hockey Federation.

Hockey Canada has offices in Calgary and Ottawa and operates regional centres in Western Canada, Ontario, Quebec and Atlantic Canada.

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