Versatile Systems Inc.
TSX VENTURE : VV

Versatile Systems Inc.

November 03, 2006 04:00 ET

Versatile Announces Stock Option Grants

VANCOUVER, CANADA--(CCNMatthews - Nov. 3, 2006) - Versatile Systems Inc. (TSX VENTURE:VV) announces stock option grants approved by the Board of Directors.

Versatile has granted incentive stock options to the officers and directors of the Company, to acquire a total of 1,735,000 common shares of the Company vesting after four months, exercisable for a period of four years at a price of CDN $0.96 per share, subject to the approval of the TSX Venture Exchange.

Over the past four months the directors and officers have exercised a total of 2,075,000 stock options previously granted to them.

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. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. (C) 2006 Versatile Systems Inc. All rights reserved.

Contact Information

  • Versatile Systems Inc.
    John Hardy
    Chairman and CEO
    1-800-262-1633
    International: 001-206-979-6760
    or
    Versatile Systems Inc.
    Fraser Atkinson
    CFO
    1-800-262-1633
    Website: www.versatile.com