VersaPay Corporation

March 06, 2012 12:04 ET

Zen Planner Partners With VersaPay as It Continues Its Expansion Into Canada

TORONTO, ONTARIO--(Marketwire - March 6, 2012) - VersaPay Corporation (TSX VENTURE:VPY), a leading provider of Electronic Invoice Presentment and Payment (EIPP) solutions, today announced that it has entered into an agreement to provide electronic payment services for Zen Planner members throughout Canada.

Zen Planner provides business management and scheduling software that empowers fitness instructors, personal trainers, and athletic coaches to launch and develop fitness related businesses globally. Founded in 2006, the company has served the fitness community with reliable, user-friendly software that makes running a fitness business simple.

"We are thrilled to be working with such a dynamic organization," said Bill McGill, CEO of VersaPay. Mr. McGill continued, "Zen Planner's growth has been nothing short of remarkable and we look forward to growing with them as they continue to expand their software solutions for the fitness community throughout Canada."

"The VersaPay payment technology solution suite including their electronic funds transfer product, along with their desire to tailor their program to the specific needs of the partner made them an easy choice to work with as we continue to add market share in Canada," said Jeff Gardner, CEO of Zen Planner.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses across Canada. The Company's proprietary Electronic Invoice Presentment and Payment platform facilitates the efficient exchange of documents and payments between suppliers and customers.

VersaPay has operations in Toronto, Montreal, Vancouver and Hauppauge, NY.

About Zen Planner

Zen Planner is an online member management, billing, and scheduling service that empowers fitness instructors, personal trainers, and athletic coaches to launch and develop successful businesses. Founded in 2006 by experienced technology professionals with a passion for fitness, Zen Planner works closely with its community to develop reliable, user-friendly software that makes running a fitness business simple. Zen Planner's software helps manage all areas of business, including marketing campaigns, customer relationship management, automated online payments, class and appointment scheduling, event registration, expense tracking, and detailed financial reporting across multiple studios or locations.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change.

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