Versatile Mobile Systems (Canada) Inc.

Versatile Mobile Systems (Canada) Inc.

October 05, 2005 04:00 ET

Versatile Awarded $1.2 Million Project; Provides Secure Computing Environment for Major Educational Institution

MECHANICSBURG, PENNSYLVANIA--(CCNMatthews - Oct. 5, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS), today announced that it has been awarded a project involving the deployment of an employee internet management solution, network upgrade and related services for a major educational institution.

Versatile is deploying a solution that will reengineer the customer's current enterprise computing infrastructure. Included in the deliverables is a network security architecture that is designed to block websites that are infected with mobile malicious codes (MMC), Trojan Horses and keyloggers thereby preventing harmful applications from running on this customer's systems. Versatile will also increase the storage and information lifecycle capabilities, upgrade the network and provide related services.

"Versatile has been a critical component of the delivery of a secure computing environment to faculty, staff and students at this institution. We are pleased to have the opportunity to continue to bring additional technology to combat the increasing threats faced by our educational customers," said Robert Joyce, President. "This solution provides systems that meet the security, reliability and scalability standards of a large, rapidly growing enterprise."

Versatile also expects to bill this customer an additional $700,000 for support and services relating to its network infrastructure commencing in the second quarter.

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.

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
    1-800-262-1633 or from Europe 001 425 778-8577
    Versatile Mobile Systems (Canada) Inc.
    Fraser Atkinson
    (604) 683-2915 ext. 214