Versatile Mobile Systems (Canada) Inc.
TSX VENTURE : VMS

Versatile Mobile Systems (Canada) Inc.

July 11, 2005 04:00 ET

Versatile Announces Management Appointment and Grant of Stock Options

MECHANICSBURG, PENNSYLVANIA--(CCNMatthews - July 11, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS) today announces the appointment of Oliver Poppenberg, as Executive Vice-President of Sales for Versatile Mobile Systems, Inc., Versatile Mobile Systems (Europe) Limited, and Perfect Order Acquisition Corporation. This appointment, along with the previously announced personnel changes is being made in conjunction with the ongoing integration of the recently acquired operations of Perfect Order, Inc. and Perfect Order Manufacturing, Inc. (collectively "Perfect Order").

Oliver Poppenberg will now have responsibility for overseeing global sales on behalf of the Versatile group. Mr. Poppenberg has sold IT solutions, software, support and services to Fortune 1000 companies since 1986. Mr. Poppenberg was previously the Vice President of Sales of Perfect Order from 1999 to 2004. During this period, sales grew from US$15 million to more than US$50 million. Prior to 1999 he was an Engineer at First City Bancorporation and held various sales positions at Digital Equipment Corporation, EDS Corporation and Sun Microsystems. He was also the Director of the IT Network of the Pittsburgh Technology Council. Mr. Poppenberg received a Bachelor of Science in Engineering from Penn State.

"I'm delighted that Oliver Poppenberg is joining our organization," said John Hardy, Chairman and CEO of Versatile. "He was a critical part of the success of Perfect Order and I expect that he will make a significant impact on the execution of our growth strategies moving forward."

In addition, Versatile has granted incentive stock options to a consultant, employees of a subsidiary, and a director and officer of a subsidiary, to acquire a total of 1,665,000 common shares of the Company exercisable for a period of four years at a price of $0.30 per share, subject to the approval of the TSX Venture Exchange.

Over the past year 3,626,666 stock options have expired, been exercised or forfeited. Including this grant, Versatile will have granted a total of 3,920,000 stock options during this same period.

About Versatile

Versatile provides mobile 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's international customer list includes Cadbury Schweppes, Albertsons, Michaels, Nordstrom, K&L Distributors, and Kellogg. Versatile's Perfect Order division provides information technology services for the implementation, maintenance and security of mission-critical computing environments. Perfect Order has the ability to architect solutions involving both proprietary and third party components. Customers include Motorola, Tyco (AMP), Comcast, Adelphia Communications, Time Warner(AOL), Mellon Financial, HSBC, Astra Zeneca, and Bristol Meyers Squibb. Additional information is available at www.versatilemobile.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile Mobile Systems' consolidated operations or to the environment in which it operates, which are based on Versatile Mobile Systems' consolidated 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 Mobile Systems' 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 Mobile Systems 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 Mobile Systems (Canada) 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 Mobile Systems (Canada) Inc.
    John Hardy
    Chairman and CEO
    1-800-262-1633 or from Europe 011-425-778-8577
    or
    Versatile Mobile Systems (Canada) Inc.
    Fraser Atkinson
    CFO
    (604) 683-2915, ext. 214
    www.versatilemobile.com