VANCOUVER, CANADA — (Marketwired) — 11/13/13 — Versatile Systems Inc. (TSX VENTURE: VV) announces its results for the first quarter of the 2014 fiscal year.Revenue for the three months ended September 30, 2013 was $6,639,475, generating a gross profit of $1,280,857 or 19.3% of sales compared to $7,915,848, generating a gross profit of $1,832,779 or 22.3% of sales for the same quarter last year. The Net Loss for the quarter amounted to $1,249,421 ($0.01 per share) compared to Net Loss of $40
VANCOUVER, CANADA — (Marketwired) — 10/31/13 — Versatile Systems Inc. (TSX VENTURE: VV) announces that the shareholders have passed a special resolution approving the spin out of Mobiquity Investments Corp. ("Mobiquity"). A total of 75,954,231 votes were cast in favour of the transaction (98.88%) and 861,725 shares were cast against the transaction (1.12%).Previously, the Company entered into an Arrangement Agreement with its wholly-owned subsidiary Mobiquity. Under the Arrangemen
VANCOUVER, CANADA — (Marketwired) — 10/24/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces its results for the fourth quarter and the 2013 fiscal year.Revenue for the three months ended June 30, 2013 was $8,584,095, generating a gross profit of $1,050,994 or 12.2% of sales compared to $8,832,150, generating a gross profit of $1,942,201 or 22.0% of sales for the same quarter last year. The Net Loss for the quarter amounted to $2,175,031 ($0.01 per share) compared to a Net Loss of $14
VANCOUVER, CANADA — (Marketwired) — 10/02/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces that, further to its news release dated June 26, 2013, it has entered into an Arrangement Agreement with its wholly-owned subsidiary Mobiquity Investments Corp. ("Mobiquity"). Under the Arrangement Agreement, Versatile and Mobiquity have agreed to undertake a plan of arrangement (the "Spin-out Transaction") under which the shares of Mobiquity will be distributed to Versatil
VANCOUVER, CANADA — (Marketwired) — 08/16/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces that Robert Joyce has resigned as a director and officer of Versatile and all of its subsidiary companies. Mr. Joyce will continue with the company in a consulting role as well as assisting in the transition with new management.On July 31, 2013 Versatile announced the appointment of Kenneth Kahn as President of Versatile Systems Inc. Prior to that, he served as Executive Vice President and Glo
VANCOUVER, CANADA — (Marketwired) — 07/31/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces that Kenneth Kahn has been appointed President of Versatile Systems Inc.Most recently, Mr. Kahn assumed the role of Executive Vice President and Global Brand Officer at Mood Media, leading a team of 200 people. While in this position he led a major strategic and operational undertaking and successfully unified multiple acquired companies under one global brand. Mr. Kahn and his team renewed 20
VANCOUVER, CANADA — (Marketwired) — 06/26/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces that the Board of Directors has formally approved the disposition of the Company-s investment in Equus Total Return, Inc. ("Equus"). The disposition is by way of a spin-out of the shares of the Company-s wholly owned subsidiary, Mobiquity Investments Corp. ("Mobiquity").Mobiquity through its U.S. subsidiary, holds 970,087 shares of Equus which is a public company trading on
VANCOUVER, CANADA — (Marketwired) — 05/30/13 — Versatile Systems Inc. (TSX VENTURE: VV), announces its results for the third quarter of the 2013 fiscal year.Revenue for the three months ended March 31, 2013 was $10,222,371, generating a gross profit of $1,697,798 or 16.6% of sales compared to $12,482,474, generating a gross profit of $2,335,833 or 18.7% of sales for the same quarter last year. The Net Loss for the quarter amounted to $780,888 ($0.00 per share) compared to Net Earnings of $3
VANCOUVER, CANADA — (Marketwire) — 02/05/13 — Versatile Systems Inc. (TSX VENTURE: VV) announces its results for the second quarter of the 2013 fiscal year.Revenue for the three months ended December 31, 2012 was $9,550,579, generating a gross profit of $1,842,628 or 19.3% of sales compared to $9,147,552, generating a gross profit of $1,951,833 or 21.3% of sales for the same quarter last year. The Net Loss for the quarter amounted to $494,389 ($0.00 per share) compared to the Net Loss of $2
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/08/13 — Versatile Systems Inc. (TSX VENTURE: VV) announces the results of its annual general and special meeting, which was held earlier today.The shareholders elected John Hardy, Alessandro Benedetti, Malcolm Clay, Fraser Atkinson, Kais Laouiti and Bertrand des Pallieres as directors of the Company.The shareholders also approved the stock option plan and appointed Deloitte & Touche LLP as the Company-s auditors for the ensuing fiscal year
