Bertrand des Pallieres Appointed Chairman of Versatile and Increases His Shareholdings to 20.4%
October 22 2012 - 7:58PM
Marketwired Canada
Versatile Systems Inc. (TSX VENTURE:VV) today announces the appointment of
Bertrand des Pallieres as the new Chairman of the Board of Directors of the
Company. Mr. des Pallieres has been a Director of the Company since December
2008. John Hardy will continue as the Chief Executive Officer.
Mr. des Pallieres announces that over the past week he has acquired through the
facilities of the TSX Venture Exchange, an additional 1,330,000 shares of the
Company bringing his direct and indirect holdings to 32,107,500 or 20.4% of the
total issued shares of the Company. Mr. des Pallieres advises that the
securities have been acquired for investment purposes.
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) 2012 Versatile Systems Inc. All rights reserved.
FOR FURTHER INFORMATION PLEASE CONTACT:
Versatile Systems Inc.
John Hardy
CEO
1-800-262-1633
International: 001-206-979-6760
Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
Versatile Systems Inc.
Bertrand des Pallieres
1-800-262-1633
www.versatile.com
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