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VVS Vers. Sys. Di

2.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Versatile Appoints Alessandro Benedetti to its Board of Directors

10/11/2008 7:00am

UK Regulatory


    FOR:  VERSATILE SYSTEMS INC.

TSX VENTURE SYMBOL:  VV
AIM SYMBOL:  VVS

November 8, 2008

Versatile Appoints Alessandro Benedetti to its Board of Directors

Jens Montanana Resigns from the Board of Directors

VANCOUVER, CANADA--(Marketwire - Nov. 8, 2008) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), today
announces the appointment of Alessandro Benedetti to its Board of Directors, filling the casual vacancy created
by the resignation of Jens Montanana.

Alessandro Benedetti is currently the CEO of SAE Capital Ltd. based in London, UK, which he founded in January
2007. Prior to that, he was the CEO of SAE Capital SPA, based in Rome, Italy. Over the last 20 years Mr.
Benedetti has been involved in the structuring and financing of complex transactions, acting on behalf of
companies and governments in North America, India, Russia, Ukraine, Kazakhstan, United Arab Emirates, Africa,
France and Italy. In 2005, he was instrumental in the acquisition of Wind Telecomunicazioni SpA, based in
Italy, which presently has 16 million wireless subscribers, 1.6 million fixed line customers and 28 million
registered internet users. At that time the transaction was the largest leveraged buyout in European history,
in a deal valued at over 12 billion Euros.

"I have known Alessandro for several years and Versatile is very fortunate to have been able to attract an
individual of Mr. Benedetti's outstanding experience, accomplishments and reputation," said John Hardy Chairman
and CEO of Versatile. "Mr. Benedetti will be invaluable in providing direction to our Board and Management team
to assist the growth of the Company into other markets and verticals."

Jens Montanana has resigned from the Board of Directors.

"We would like to sincerely thank Jens for his valuable contributions and guidance provided to Versatile over
the past ten years," said John Hardy, Chairman and CEO of Versatile. "We have thoroughly enjoyed working with
him and wish him all the best for the future."

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) 2008 Versatile Systems Inc. All rights reserved.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Versatile Systems Inc.
John Hardy
Chairman and CEO
1-800-262-1633
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.

								
Versatile Systems Inc.



								

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