VVS Vers. Sys. Di

 
TIDMVVS 
 
Versatile Closes Private Placement 
FOR:  VERSATILE SYSTEMS INC. 
 
TSX VENTURE SYMBOL:  VV 
AIM SYMBOL:  VVS 
 
December 29, 2009 
 
Versatile Closes Private Placement 
 
VANCOUVER, CANADA--(Marketwire - Dec. 29, 2009) - Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), announces the 
closing of a non-brokered private placement of 39,000,000 Common Shares at a price of CDN $0.105 per Share for gross 
proceeds of CDN $4,095,000. Two of the independent directors of Versatile participated in this placement subscribing for 
all of the Shares. Alessandro Benedetti subscribed for 19,500,000 Shares of the private placement. Lansdowne Capital 
S.A. a company controlled by Bertrand des Pallieres subscribed for 19,500,000 Shares of the private placement. The 
Shares will be subject to a four-month hold period to April 30, 2010. The proceeds will be used for general corporate 
purposes. Application will be made for the new common shares to be admitted to trading on AIM and dealings are expected 
to commence on three business days following application. Upon the completion of the private placement the Company will 
have 157,285,643 issued common shares. 
 
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. 
 
 
-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 
 
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. 
 

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