Versatile Mobile Systems (Canada) Inc.

Versatile Mobile Systems (Canada) Inc.

November 15, 2005 17:10 ET

Versatile Changes Name, Symbol and Corporate Jurisdiction; Versatile to Trade Under New Symbol VV

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS) announced today that the Company proposes to file a Certificate of Continuance under the British Columbia Business Corporations Act effecting the change of the corporate jurisdiction of the Company from the Yukon to British Columbia and the name to Versatile Systems Inc. to be effective on November 16, 2005. The change of the corporate jurisdiction and name change was previously approved by the Company's shareholders. The Company's shares will commence trading on the TSX Venture Exchange under the new symbol: VV commencing on November 16, 2005.

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 proposal to effect its name change. These statements are not guarantees the name change will be effective on the date indicated. A number of factors including the ability of the British Columbia Registrar of Companies to process the Articles of Continuance on a timely fashion can cause a change in the effective date of the name change and continuance. 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 (206) 979-6760
    Versatile Mobile Systems (Canada) Inc.
    Fraser Atkinson
    (604) 683-2915 ext. 214