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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vers. Sys. Di | LSE:VVS | London | Ordinary Share | CA92531V1067 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
FOR: VERSATILE SYSTEMS INC. TSX VENTURE SYMBOL: VV AIM SYMBOL: VVS April 3, 2008 Simplifying Credit for Shaw Retailers With Versatile's In-Store Kiosk DALTON, GEORGIA--(Marketwire - April 3, 2008) - Shaw Industries Group and Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), today announced that they have partnered with CitiFinancial in order to simplify and streamline the credit application process for flooring retailers and consumers with an attractive and easy-to- use in-store kiosk. Shaw is the first in the flooring industry to offer two different models of Versatile's kiosks, the Rockland and Madison. Shaw Design Center retailers will be the first to experience this innovation at Synergy, the upcoming Shaw Design Center Convention which will be held from April 14-17, 2008 in Palm Coast, Fla. Following the convention, both Versatile's Rockland and Madison kiosks will be offered to all Shaw Flooring Alliance retailers. "During this challenging market, it's more important than ever to make the credit application process simple and accessible," said Scott Humphrey, marketing manager for the Shaw Flooring Alliance Network. "With the instant application response, Versatile's kiosk will allow a consumer who may be on the fence to make their flooring purchase with confidence. It will also allow retail sales associates to increase closing ratios and up- sell. It's a win for retailers and a win for consumers." "Shaw Flooring Alliance Network's forward-thinking strategy fits well with our ability to provide technology solutions that drive operational efficiency while enhancing the customer experience," adds Bob Joyce, President of Versatile. "Their selection of the Rockland and Madison models creates a flexible platform for Shaw to roll- out additional customer-focused applications based on the needs of their business." Small and compact, the Versatile kiosk occupies only a small section of showroom real estate. Consumers simply approach the kiosk, apply on the touch screen and receive an instant response. Retailers can personalize the kiosk by adding photographs, store history or any other information. During the kiosk unveiling at the Synergy Convention, representatives from Versatile and Citi Retail Services, provider of the custom financing program for Shaw Flooring Alliance Network retailers, will be on hand to answer questions about the new technology and discuss ways to energize consumer spending. About Shaw Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, Inc., is the world's largest carpet manufacturer and a leading floor covering provider with more than $5 billion in annual sales and approximately 31,000 associates. Headquartered in Dalton, Ga., the company manufactures and distributes carpeting, rugs, hardwood, laminate and ceramic tile for residential and commercial applications worldwide. A recognized leader in environmental stewardship, Shaw has implemented hundreds of sustainability initiatives and cradle to cradle design solutions, collectively termed the Shaw Green Edge. For more information, visit www.shawfloors.com. About Versatile Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS) 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. Versatile's 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. All amounts are expressed in U.S. dollars unless otherwise stated. (C) 2008 Versatile Systems Inc. All rights reserved. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Shaw Industries Group, Inc. Mollie Allen (706) 275-1792 Email: Mollie.Allen@shawinc.com Website: www.shawfloors.com OR Versatile Systems Inc. John Hardy Chairman and CEO 1-800-262-1633 or International: 001-206-979-6760 OR Versatile Systems Inc. Fraser Atkinson CFO 1-800-262-1633 Website: www.versatile.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. -0- Versatile Systems Inc.
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