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VANCOUVER, CANADA--(Marketwire - June 28, 2010) -

All amounts are expressed in U.S. dollars unless otherwise stated.

Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), today announced that it has implemented a series of cost reductions in light of the current economic climate.

Versatile has reduced its workforce, focused research and development activities on core products, and redeployed research and development staff to the professional services group. These measures will result in estimated annual savings of U.S. $1,120,050, which represents approximately 10% of the Company's annualized expenses. The Company will continue to monitor its costs in relation to its revenues and changes within the economy.

"We believe we have adopted a balanced approach in continuing to align our cost structures in light of the current economic environment," said John Hardy, Chairman and CEO of Versatile. "As economic conditions improve, we will be well positioned for recovery, particularly with our strong balance sheet and tier one customers and partners."

Oliver Poppenberg has been appointed as Chief Operating Officer of Versatile Systems, Inc. Mr. Poppenberg joined Versatile Systems, Inc. in 2005 as Executive Vice President of Sales. Mr. Poppenberg was the Vice President of Sales of Perfect Order from 1999 to 2004. During this period, sales grew from US$15 million to more than US$50 million. Prior to 1999 he was an Engineer at First City Bancorporation and held various sales positions at Digital Equipment Corporation, EDS Corporation and Sun Microsystems. Mr. Poppenberg holds a Bachelor of Science Degree in Engineering from The Pennsylvania State University.

"Versatile's unique offering of proprietary software, combined with application development enables us to effectively deliver information technology architecture, design, and implementation across a wide variety of industry verticals," said Oliver Poppenberg. "I look forward to working in the newly created role of COO."

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.

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.