Versatile Systems Sells Equus Position for Gross Proceeds of US$2.35 Million

Versatile Systems Inc. (TSX VENTURE:VV) (“Versatile” or the “Company”) today announced the sale of 960,087 shares of Equus Total Return Inc. (“Equus”) at a price of US$2.45 per share for gross proceeds of US$2,352,213. Equus is a Houston-based publicly held private equity business development company trading on the NYSE under the symbol EAQ. The shares were held by Versatile’s indirect wholly owned subsidiary Mobiquity Investments Limited (“MIL”).

Versatile had originally considered disposing of its investment in Equus through a plan to distribute shares of its wholly owned subsidiary Mobiquity Investments Corp. For various reasons, Versatile management decided to sell the Equus shares and take the immediate cash proceeds rather than move forward with the spin out.

“This transaction allows Versatile Systems management to concentrate on core business technologies and growth strategies,” said Kenny Kahn, chief executive officer, Versatile Systems.

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, and 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 are not guarantees of future performance and involve risks and 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.