SOURCE: VERSUS TECHNOLOGY, INC.

Versus Technology, Inc.

June 15, 2010 10:31 ET

Versus and Iatric Partner, Bring RTLS Automation to MEDITECH

TRAVERSE CITY, MI--(Marketwire - June 15, 2010) - Versus Technology, Inc. ("Versus") (PINKSHEETS: VSTI), the foremost provider of real-time locating systems (RTLS) to hospitals and clinics, today announced a partnership with Iatric Systems, Inc. (Iatric), the leading MEDITECH integration services provider and one of the nation's fastest growing companies. The partnership will allow MEDITECH customers to easily add Versus RTLS data to existing systems for clinical location and automation.

For MEDITECH customers, there's real value in combining Versus' offering with Iatric's integration services. "In healthcare, things don't always happen as planned or without extra effort from caregivers," explains Paul Timmerman, VP of Versus. "Versus is different. We not only do not add work to staff, Versus also reduces the burden on caregivers." With Iatric's help, Versus is enabling automatic transfer of data and automatic updates to patient status to and from MEDITECH based on real-time patient locations and interactions. This means that MEDITECH customers using the Versus Advantages solution will be responsible for less manual data entry. Patient information captured by Versus will be shared automatically, with no time delay, ultimately allowing more timely patient care.

Joel Berman, President of Iatric System, Inc., notes, "Versus clearly recognizes the need to incorporate new technologies into the total HIS environment and the role that Iatric Systems can play in achieving that goal. We're pleased to be working with such an innovative company."

The first joint MEDITECH / Versus customer to benefit from this partnership with Iatric is Humber River Regional Hospital in Ontario, Canada, which plans to go-live with Versus Advantages later this summer.

About Iatric Systems, Inc.
Recognized by Inc. 5000 as one of the fastest growing privately held companies in 2008, Iatric helps hospitals and health systems leverage their HIS investment with innovative software, interfaces and reporting services. Since 1990, over 800 hospitals worldwide have implemented Iatric Systems' solutions, optimizing patient care and staff workflow in clinical, financial and administrative areas. For more information about Iatric Systems, Inc. visit www.iatric.com.

About Versus Technology, Inc.
Established in 1988, Versus Technology, Inc. specializes in real-time location systems (RTLS) for healthcare. Used for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus Advantages™ improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. Exclusively endorsed by the American Hospital Association, the Versus Advantages infrared (IR) and Active RFID solution is responsible for clinical-grade location and automation at a number of hospitals, clinics and long-term care facilities worldwide. To learn more about Versus Technology, Inc. (PINKSHEETS: VSTI), our technology and client successes, visit www.versustech.com and take the Advantages Tour.

Safe Harbor Provision
This release may include forward-looking statements which "bespeak caution," and which are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The statements are made only as of the date of this release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

Contact Information

  • Media Contact:
    Versus Technology, Inc.
    Stephanie Bertschy
    Director of Marketing
    877.983.7787
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    Investor/Analyst Contact:
    Versus Technology, Inc.
    Joseph Winowiecki
    Chief Financial Officer
    231.946.5868
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