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

Versatile Mobile Systems (Canada) Inc.

September 30, 2005 04:00 ET

Versatile Named One of Canada's Fastest Growing Technology Companies in the 2005 Deloitte Canadian Technology Fast 50 Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 30, 2005) - Versatile Mobile Systems (Canada) Inc. (TSX VENTURE:VMS), today announced that it ranked Number 23 in Deloitte's prestigious Canadian Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in Canada. Rankings are based on percentage of growth in fiscal year revenues over five years, from 2000-2004. During this period, Versatile's revenue increased by 576%.

"Versatile was able to achieve revenue growth during that period by concentrating on our core goal of providing mobile solutions that operate in a wired or wireless environment," said John Hardy, Versatile's Chairman and CEO. "This was especially meaningful as the last few years in the technology sector have been particularly difficult. Our growth is a testament to the commitment of our employees in pursuit of our vision."

"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Versatile for making the commitment to technology and delivering on the promise of market longevity," said Garry Foster, National Director, Technology, Media & Telecommunication, Deloitte. "We are proud to honour Versatile as a Deloitte Fast 50 winner."

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 of Fast 500 programs visit www.fast50.ca or www.fast500.com.

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's international customer list includes Cadbury Schweppes, Albertsons, Michaels, Nordstrom, K&L Distributors, and Kellogg. Versatile's Perfect Order division provides information technology services for the implementation, maintenance and security of mission-critical computing environments. Perfect Order has the ability to architect solutions involving both proprietary and third party components. Customers include Motorola, Tyco (AMP), Comcast, Adelphia Communications, Time Warner(AOL), Mellon Financial, Astra Zeneca, and Bristol Meyers Squibb. Additional information is available at www.versatilemobile.com.

About Deloitte

Deloitte, one of Canada's leading professional services firm, provides audit, tax, consulting and financial advisory services through more than 6,100 people in more than 47 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their associates and not by the Deloitte Touche Tohmatsu Verein.

(C) 2005 Versatile Mobile Systems (Canada) Inc. All rights reserved.


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Contact Information

  • Versatile Mobile Systems (Canada) Inc.
    John Hardy
    Chairman and CEO
    1-800-262-1633 or from Europe 001 425 778-8577
    or
    Versatile Mobile Systems (Canada) Inc.
    Fraser Atkinson
    CFO
    (604) 683-2915 Ext. 214
    www.versatilemobile.com