Versatile Announces Results of Annual General Meeting

TIDMVVS

Versatile Announces Results of Annual General Meeting
FOR: VERSATILE SYSTEMS INC.

TSX VENTURE SYMBOL: VV
AIM SYMBOL: VVS

November 17, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS) today announces the results of its annual general 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.

At the Meeting, the resolution approving the AIM Delisting was approved by 99.6% of the votes cast by Shareholders present in person or represented by proxy. It is expected that cancellation of the admission of the Common Shares to trading on the AIM market of the London Stock Exchange will be at 7AM (London time) on January 3, 2012 so December 30, 2011 will be the last day of trading on AIM.

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Versatile Systems Inc.
John Hardy
Chairman and CEO
1-800-262-1633
International: 001-206-979-6760

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

Daniel Stewart & Company plc (Nominated Adviser & Broker)
Noelle Greenaway, Paul Shackleton
+44 (0) 207 776 6550

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)
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