VersaPay Corporation
TSX VENTURE : VPY

VersaPay Corporation

September 17, 2014 14:08 ET

VersaPay to Provide Payment Solutions For SiteScout/Centro in the United States

TORONTO, ONTARIO--(Marketwired - Sept. 17, 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 expansion of its payment solutions relationship with SiteScout into the United States. Chicago-based Centro Inc. recently acquired SiteScout, who has been a VersaPay customer since 2011, providing VersaPay the opportunity to migrate and expand their payment solution for SiteScout into the U.S.

"Since SiteScout's inception four years ago, VersaPay has been a great partner, helping us make our technology accessible to online advertisers of all sizes," said Terry Taouss, Managing Director of SiteScout. "As our business has scaled, we've required more complex business logic, and back-office payment integrations and certifications. The VersaPay team has provided fantastic support to ensure that we experience zero business downtime, as well as strategic counsel to drive the most effective payment processing for our needs."

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 and EFT payments and automatically reconcile payments to their ERP and accounting software.

VersaPay is headquartered in Toronto, Canada, and has operations in Montreal and 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.

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