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

Versatile Mobile Systems (Canada) Inc.

October 31, 2005 03:15 ET

Versatile Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS) today announced the results of its annual and special general meeting, which was held on October 28, 2005.

The shareholders elected John Hardy, Jens Montanana, Robert Joyce, Malcolm Clay and Fraser Atkinson as directors of the Company. John Hardy will serve as the Chairman and Chief Executive Officer, Robert Joyce as the President and Fraser Atkinson as the Chief Financial Officer.

The shareholders approved the change of the Company's name to Versatile Systems Inc., the continuance of the Company from the Yukon to the Province of British Columbia and the amendment to the Stock option plan. In order to give effect to these resolutions Versatile must receive various regulatory and statutory approvals.

The shareholders also approved the appointment of PricewaterhouseCoopers LLP as the Company's auditor for the ensuing fiscal year.

About Versatile

Versatile provides 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 also provides information technology services for the implementation, maintenance and security of mission-critical computing environments. Versatile has the ability to architect solutions involving both proprietary and third party components. Versatile's international customer list includes Cadbury Schweppes, Kellogg, Motorola, Tyco (AMP), Comcast, Adelphia Communications, Time Warner (AOL), Mellon Financial, Albertsons, Michaels, Nordstrom, Astra Zeneca, and Bristol Meyers Squibb. For more information go to 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.

(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
    1-800-851-1281 or 1-206-979-6760
    or
    Versatile Mobile Systems (Canada) Inc.
    Fraser Atkinson
    CFO
    (604) 683-2915 Ext. 214
    www.versatile.com