|[July 31, 2014]
Versatile Systems Announces Resignation of CEO
MECHANICSBURG, Pa. --(Business Wire)--
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
"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 engaed 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.
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."
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