Versatile Systems Inc.
LSE : VVS

Versatile Systems Inc.

March 18, 2011 12:44 ET

Versatile Provides Update on Nominated Advisor

FOR:  VERSATILE SYSTEMS INC.

TSX VENTURE SYMBOL:  VV
AIM SYMBOL:  VVS

March 18, 2011

Versatile Provides Update on Nominated Advisor

VANCOUVER, CANADA--(Marketwire - March 18, 2011) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS)
("Versatile") announces that NCB Stockbrokers Limited has resigned as AIM Nominated Advisor ("Nomad") to the
Company, as NCB is closing its London office and with effect from 31 March 2011will no longer be providing
Nomad services.

Versatile has undertaken a process of interviewing potential candidates and will continue to look for a
suitable alternative Nomad however under AIM Rule 1, if an alternative Nomad has not been appointed within one
calendar month of NCB's resignation becoming effective then trading in the Company's shares on AIM will be
cancelled. This will not impact the trading of the Company's shares on the TSX Venture Exchange.

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: 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.

(C) 2011 Versatile Systems Inc. All rights reserved.


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FOR FURTHER INFORMATION PLEASE CONTACT:

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

OR

Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
www.versatile.com

OR

NCB Stockbrokers Limited (Nominated Adviser)
Liam Booth
+353 1 6115930

The TSX Venture Exchange and the AIM market of the London Stock Exchange have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.

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Contact Information

  • Versatile Systems Inc.