Versatile Directors Appointed to Board of Equus Total Return, Inc.


 
TIDMVVS 
 
Versatile Directors Appointed to Board of Equus Total Return, Inc. 
FOR:  VERSATILE SYSTEMS INC. 
 
TSX VENTURE SYMBOL:  VV 
AIM SYMBOL:  VVS 
 
June 21, 2010 
 
Versatile Directors Appointed to Board of Equus Total Return, Inc. 
 
Versatile commences private equity activities via Mobiquity subsidiary 
 
VANCOUVER, CANADA--(Marketwire - June 21, 2010) - 
 
All amounts are expressed in U.S. dollars unless otherwise stated. 
 
Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), announces that Alessandro Benedetti, Bertrand des Pallieres, 
John Hardy and Fraser Atkinson have been elected to the Board of Directors of Equus Total Return, Inc. which is 
a public company trading on the NYSE under the symbol EQS (the "Fund"). 
 
In 2009 Versatile founded Mobiquity Investments Limited ("Mobiquity") as a subsidiary of Versatile, to engage 
in private equity activities. "The core strength of our Board of Directors, in particular Alessandro Benedetti 
and Bertrand Des Pallieres, is in banking and private equity activities," said John Hardy, Chairman and CEO of 
Versatile. "For that reason we have undertaken these activities. As we move forward, this diversification 
should be for the benefit of Versatile's shareholders and should mitigate the effects of the current slowdown 
in technology spending." 
 
Mobiquity began acquiring shares of the Fund in late September 2009, and by the end of February 2010 had 
accumulated 822,031 shares of the Fund. Currently Mobiquity is the single largest shareholder of the Fund, 
holding 9.28%. In early January 2010 Mobiquity approached the Fund's Board of Directors seeking representation 
on the Board. A majority of the Fund's Board of Directors agreed with Mobiquity's request, and on April 13, 
2010, the Fund filed a definitive Proxy statement with the Securities and Exchange Commission to, among other 
things, solicit shareholders of the Fund to vote in favor of the Nominees in connection with the Fund's 2010 
Annual Meeting, which was held on May 12, 2010. 
 
On April 14, 2010 Mobiquity filed a Schedule 13D/A (Amendment No. 1) with the Securities and Exchange 
Commission and reported that the Fund had agreed to nominate Alessandro Benedetti, Bertrand des Pallieres, John 
Hardy and Fraser Atkinson, as directors of the Fund (the "Nominees") and to support the election of the 
Nominees at the Fund's Annual Meeting. Shortly thereafter Sam Douglass, then a Director of Equus and one of the 
founders of the Fund, who disagreed with the majority's decision, filed a Proxy nominating an alternative slate 
of Directors, triggering a lengthy Proxy battle. 
 
On May 20, 2010 the Inspector of Elections who attended the Annual Meeting of the Fund certified that 
Alessandro Benedetti, Bertrand des Pallieres, John Hardy and Fraser Atkinson, had been elected to the Board of 
Directors of Equus. 
 
On June 9, 2010 the Fund announced that John Hardy had been appointed the Executive Chairman of the Fund, and 
that Fraser Atkinson had been appointed Chairman of the Fund's Audit Committee. 
 
"Our goal is to effect positive change at the Fund for the benefit of all the Fund's shareholders," said John 
Hardy, Chairman and CEO of Versatile. 
 
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) 2010 Versatile Systems Inc. All rights reserved. 
 
 
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 
www.versatile.com 
 
OR 
 
NCB Stockbrokers Limited (Nominated Adviser) 
Christopher Caldwell or Barclay Clibborn 
+44 (0) 20 7071 5200 
 
The TSX Venture Exchange and the AIM market of the London Stock Exchange have not reviewed and do not accept 
responsibility for the adequacy or accuracy of this release. 
 
 
 
 
Versatile Systems Inc.
Versatile Systems (LSE:VVS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024