Versatile Systems Inc.

Versatile Systems Inc.

December 21, 2006 17:27 ET

Versatile Announces Results of Annual General Meeting

VANCOUVER, CANADA--(CCNMatthews - Dec. 21, 2006) - Versatile Systems Inc. (TSX VENTURE:VV) announces the results of its annual and special general meeting, which was held earlier today.

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

The shareholders approved the amendments to the Stock option plan and to the Company's articles with respect to voting procedures at meetings of the Board of Directors. In order to give effect to these resolutions they require various regulatory and statutory approvals.

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:

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) 2006 Versatile Systems 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 Systems Inc.
    John Hardy
    Chairman and CEO
    1-800-262-1633 or International: 001-206-979-6760
    Versatile Systems Inc.
    Fraser Atkinson