Versatile Announces Stock Option Grants
19 Juni 2009 - 8:00AM
UK Regulatory
TIDMVVS
Versatile Announces Stock Option Grants
FOR: VERSATILE SYSTEMS INC.
TSX VENTURE SYMBOL: VV
AIM SYMBOL: VVS
June 18, 2009
Versatile Announces Stock Option Grants
Cancels 304,000 common shares held in Treasury
VANCOUVER, CANADA--(Marketwire - June 18, 2009) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS)
announces stock option grants approved by the Board of Directors.
Versatile has granted incentive stock options to the employees, officers and directors of the Company,
to acquire a total of 4,241,000 common shares of the Company vesting after four months, exercisable
for a period of four years at a price of CDN $0.10 per share, subject to the approval of the TSX
Venture Exchange.
Since the last stock option grant in January 2008 a total of 6,003,616 stock options and warrants have
expired or been forfeited.
The Board of Directors has also approved the cancellation of 304,000 common shares held in Treasury
that were acquired in 2008 bringing the total to 2,863,000 common shares that have been cancelled
pursuant to the Normal Course Issuer Bid. After these shares are cancelled the Company will have
118,285,643 common shares issued and outstanding.
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) 2009 Versatile Systems Inc. All rights reserved.
/T/
Versatile Systems Inc.
Schedule of Options granted to Directors
Granted on
6/17/2009
with an
an exercise Current
price of holdings
Balance at CDN $0.10 Balance at of common
3/31/2009 Expired per share 6/18/2009 shares
---------------------------------------------- ---------
John Hardy 2,745,000 (1,100,000) 1,683,000 3,328,000 4,036,890
Fraser Atkinson 1,495,000 (500,000) 1,083,000 2,078,000 4,053,500
Malcolm Clay 225,000 (100,000) 325,000 450,000 508,166
Robert Joyce 1,025,000 - 225,000 1,250,000 2,290,000
Kais Laouiti - - 300,000 300,000 3,200,500
/T/
-30-
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Versatile Systems Inc.
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