Versatile Announces Completion of Rights Offering

Versatile Systems Inc. (TSX VENTURE:VV) ("Versatile" or the "Company") today
announced that the Company successfully completed the offering of rights (the
"Offering") previously announced on February 3, 2014. The Offering was made in
all of the provinces and territories of Canada.


The Company issued a total of 39,321,410 common shares of the Company (each a
"Common Share") under the Offering at a price of $0.02 per Common Share for
gross proceeds of approximately $786,428.20. 8,272,228 Common Shares were
subscribed for under the basic subscription privilege and 3,294,542 Common
Shares were subscribed for under the additional subscription privilege. Pursuant
to a standby agreement (the "Standby Agreement") between the Company and
Bertrand des Pallieres (the "Guarantor"), a director of the Company and holder
of 33,167,500 Common Shares, the Guarantor purchased 27,754,640 Common Shares,
being those Common Shares not otherwise purchased under the Offering.


In consideration for this guarantee, the Guarantor was granted 7,757,383
non-transferable common shares purchase warrants (the "Standby Warrants"). Each
whole Standby Warrant entitles the Guarantor to acquire one Common Share at an
exercise price equal to: (a) $0.05 per share, if exercised prior to the
Company's previously announced 10 for 1 consolidation (the "Consolidation"); and
(b) $0.20 if exercised after the Consolidation. The Standby Warrants will expire
on September 21, 2014. 


The net proceeds of the Offering will be used to repay a secured loan of the
Guarantor to the Company.


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 completion of the Consolidation and the use of the proceeds from the
Offering. 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. 


(C) 2014 Versatile Systems Inc. All rights reserved.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Versatile Systems Inc.
Kenny Kahn
Chief Executive Officer
(717) 620-2531
inquiries@versatile.com
www.versatile.com

Versatile Systems Inc. (TSXV:VV)
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