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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 Reports on Normal Course Issuer Bid

27/06/2008 8:15am

UK Regulatory


    FOR:  VERSATILE SYSTEMS INC.

TSX VENTURE SYMBOL:  VV
AIM SYMBOL:  VVS

June 27, 2008

Versatile Reports on Normal Course Issuer Bid

Versatile purchases 3,261,500 common shares

VANCOUVER, CANADA--(Marketwire - June 27, 2008) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS)
today announced that since commencing on December 7, 2007 with its Normal Course Issuer Bid the
Company has purchased 3,261,500 common shares. On January 22, 2008 the Board approved the cancellation
of 702,500 of these shares. The balance of 2,559,000 shares were purchased from February 12, 2008 to
June 25, 2008 at an average price of CDN $0.176 per share, which the Board of Directors has approved
to be cancelled.

The Company is permitted to purchase up to 6,000,000 common shares on or before November 25, 2008.

As a result of the AIM Rules, which impose certain blackout rules on insider and Company purchases,
commencing sometime in July the Company will not make any further share purchases until the results
for the fourth quarter are released.

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 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.



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Versatile Systems Inc.



								

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