Versatile Systems Announces Resignation of CEO

Versatile CEO Kenny Kahn leaves the company and is replaced on an interim basis by Bertrand des Pallieres, Executive Chairman

MECHANICSBURG, Pa.--()--Versatile Systems Inc. (TSX Venture Exchange: VV) today announced the departure of Company CEO and President Kenny Kahn as Versatile Board and Management moves to facilitate strategic implementation of its growth strategy under the interim leadership of Executive Chairman Bertrand des Pallieres.

“Today as the business moves to further develop the strategy for growth and continues its drive towards profitability the Versatile Board will be taking a more active role with management as it moves through this next important step in its business evolution,” said Mr. des Pallieres. “The company has engaged industry consultants to explore options with certain segments of the business and to move the business deeper into the markets it will continue to serve.” Versatile is focused of the expansion of its Professional Services, Credit and Mobiquity business.

About Versatile

Versatile is a multi-disciplinary technology company with solutions across the mobile, digital signage, IT infrastructure, software and hardware landscape. The company's products are utilized by Fortune 500 companies, leading financial institutions, large and small retail organizations. For more information please visit http://www.versatile.com.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts

Company Contact:
Versatile Systems Inc.
Vicki Turjan
Chief Financial Officer
800-851-1281
vturjan@versatile.com
or
Media Contact:
Daum Weigle Inc.
Jon Daum, 858-538-9755
jdaum@daumweigle.com

Release Summary

Versatile Systems Inc. (TSX Venture Exchange: VV) today announced the departure of Company CEO and President Kenny Kahn.

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Contacts

Company Contact:
Versatile Systems Inc.
Vicki Turjan
Chief Financial Officer
800-851-1281
vturjan@versatile.com
or
Media Contact:
Daum Weigle Inc.
Jon Daum, 858-538-9755
jdaum@daumweigle.com