Versatile Announces Results of Special Meeting

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 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
Versatile shareholders. Existing Versatile shareholders will receive the same
percentage interest in Mobiquity as they presently hold in Versatile such that,
following the completion of the transaction, shareholders will hold shares in
both Versatile and Mobiquity. Mobiquity, through its U.S. subsidiary, holds
970,087 shares of Equus, which is a public company trading on the NYSE under the
symbol EQS.


The completion of the Spin-out Transaction remains subject to a number of
conditions precedent, including the approval of the Supreme Court of British
Columbia, the approval of the TSX Venture Exchange, and the listing of the
common shares of Mobiquity on the CNSX. The Company will continue to work
towards satisfaction of the remaining conditions precedent prior to seeking the
final approval of the Supreme Court of British Columbia and will provide updates
when available.


Further details regarding the Arrangement are set out in the Company's notice of
special meeting and information circular dated September 27, 2013, which is
available at www.sedar.com.


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 go to 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, including the Company's
ability to complete the Spin-out Transaction, 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.


Neither TSX Venture Exchange nor its Regulation Service Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Versatile Systems Inc.
John Hardy
CEO
1-800-262-1633 or International: 001-206-979-6760


Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
www.versatile.com

Versatile Systems Inc. (TSXV:VV)
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