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Versatile Announces Results of Annual General and Special Meeting

MECHANICSBURG, PENNSYLVANIA--(Marketwired - Jan 29, 2014) - Versatile Systems Inc. (TSX-VENTURE:VV) ("Versatile" or the "Company") announces the results of its annual general and special meeting, which was held January 24, 2014.

The shareholders elected Kenneth Kahn, John Hardy, Alessandro Benedetti, Kais Laouiti and Bertrand des Pallieres as directors of the Company.

The shareholders also approved the stock option plan, approved a proposed consolidation of the Company's common shares and appointed BDO Canada LLP as the Company's auditors for the ensuing fiscal year.

About Versatile

Versatile is a multi-disciplinary technology company with solutions across the mobile, digital signage, IT infrastructure, software and hardware landscape. The company's products are utilized by Fortune 500 companies, leading financial institutions, large and small retail organizations. For more information please visit 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 include the closing of the Rights Offering and the Arrangement and the completion of the Consolidation. 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.

© 2013 Versatile Systems Inc. All rights reserved.

Versatile Systems Inc.Kenny KahnChief Executive Officer(717) 620-2531inquiries@versatile.comwww.versatile.com