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

Versatile Mobile Systems (Canada) Inc.

June 28, 2005 14:15 ET

Versatile Announces Management Changes

VANCOUVER, BRITISH COLUMBIa--(CCNMatthews - June 28, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS) today announces the appointment of Robert Joyce, as President of Versatile Mobile Systems, Inc., Versatile Mobile Systems (Europe) Limited, and Perfect Order Acquisition Corporation. In addition, Ian Jobson and Andrew Lynch have been appointed to senior executive positions within the organization. Robert Polychron, President of Versatile Mobile Systems, Inc., Versatile Mobile Systems (Canada) Inc. and Versatile Mobile Systems (Europe) Limited, has tendered his resignation from each of these positions. These personnel changes are 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").

Robert Joyce will now have responsibility for overseeing global operations on behalf of the Versatile group. Mr. Joyce was previously the President and CEO of Perfect Order from 1998 to 2004. During this period, sales grew from US$15 million to more than US$50 million. Prior to 1998, Mr. Joyce was a global account executive for Sun Microsystems and also served as a software consultant with clients located in the United States and Europe. After undergraduate work at Northeastern University, Mr Joyce worked for Cambridge, MA based consulting firm, Arthur D. Little, Inc. were he was responsible for the development of leading edge graphics software for the nuclear power industry. Currently, Mr. Joyce sits on the Board of Directors of Harrisburg University, Murata Business Incubator and acts as Chairman for the Technology Council of Central Pennsylvania.

Ian Jobson has been appointed Executive Vice-President of Professional Services and Solutions for Perfect Order Acquisition Corporation. From 1999 to 2004 he held that position with Perfect Order and was responsible for managing all pre-sales, support and consulting personnel as well as maintaining relationships with strategic partners (such as Sun Microsystems, Accenture, Veritas Software, Check Point). Prior to joining Perfect Order, Mr. Jobson was the Regional Director for AMP Inc. - a division of Tyco Electronics - in the Asia/Pacific and European regions. Mr. Jobson received a HNC in Mechanical Engineering from Hartfordshire University, Watford, England.

Andrew Lynch has been appointed the Executive Vice-President of Versatile Mobile Systems, Inc. Mr. Lynch was one of the original co-founders of Versatile Systems (whose operations were subsequently amalgamated into Versatile Mobile Systems, Inc.), which was twice named to the Inc. 500 list of fastest growing private companies. Mr. Lynch has a combined 18 years of tier-one retail sales experience with more than 12 years executive level experience with Versatile Systems and Versatile Mobile Systems, Inc. gaining expertise in multiple disciplines throughout the Company.

"These appointments bring a broad base of senior level expertise to the organization and we will look to these executives to help firmly establish our strategic direction and drive the execution of the related growth objectives," said John Hardy, Chairman and CEO of Versatile Mobile Systems (Canada) Inc.

As previously reported, the Company is conducting a strategic review of all divisions to explore the opportunities for improvement of operational efficiencies, and capture opportunities created by customer synergies. The Company will continue to report on significant developments as they occur.

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