Versatile Systems Inc.
TSX VENTURE : VV

Versatile Systems Inc.

August 16, 2013 08:00 ET

Versatile Announces Management Change

VANCOUVER, CANADA--(Marketwired - Aug. 16, 2013) - Versatile Systems Inc. (TSX VENTURE:VV), announces that Robert Joyce has resigned as a director and officer of Versatile and all of its subsidiary companies. Mr. Joyce will continue with the company in a consulting role as well as assisting in the transition with new management.

On July 31, 2013 Versatile announced the appointment of Kenneth Kahn as President of Versatile Systems Inc. Prior to that, he served as Executive Vice President and Global Brand Officer for Mood Media. Mr. Kahn has now been appointed the President of all of Versatile's subsidiary companies.

"Bob's vision led to an enhanced strategic focus on the companies IP based products, which has provided the foundation for future growth," said John Hardy, CEO of Versatile. "While Bob has elected to leave the business to pursue new interests, I am very pleased that he will continue to actively assist Versatile. I would like to thank Bob for his many years of service and commitment to the Company."

As Versatile is committed to the highest levels of quality and service, this change will have no effect on current clients. Furthermore, Versatile is highly committed to energizing specific portions of the Company's product portfolio including its Smart Sign™ and Mobiquity™ suite of products and services.

"I am deeply committed to enhancing Versatile's operations and focusing the organization on key growth initiatives," said Kenneth Kahn, President of Versatile. "I intend to direct Versatile on a path to a profitable, growing company that delivers on its promise of turning data into knowledge, anytime, anywhere."

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information: www.versatile.com.

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.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2013 Versatile Systems Inc. All rights reserved.

Contact Information

  • Versatile Systems Inc.
    John Hardy
    CEO
    1-800-262-1633
    International: 001-206-979-6760

    Versatile Systems Inc.
    Fraser Atkinson
    CFO
    1-800-262-1633
    www.versatile.com