Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 48.0K
VV On Other Exchanges
As of 1:54 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

versatile systems inc (VV) Snapshot

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52 Week High
12/5/13 - C$0.05
52 Week Low
03/18/14 - C$0.02
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versatile systems inc (VV) Details

Versatile Systems Inc., through its subsidiaries, engages in the software development; and sales of computer software, hardware, and system integration services related to wired and wireless mobile business solutions in Canada. The company develops solutions that solve customers’ problems in the storage, security, transmission, and collection of mission critical data. It offers Mobiquit Solution Suite that enables companies to improve the sales, marketing, and distribution of their products. The company’s Mobiquit solution suite products include Mobiquity Route, Mobiquity Kiosk, and Mobiquity Transaction Engine. It delivers wireless/wired solutions to the consumer packaged goods, retail, financial, pharmaceutical, healthcare, and logistics verticals through an integrated combination of licensed software, professional services, and the re-sale of mobile and storage related hardware. The company also offers virtualized infrastructure solutions; custom mobile application design and development, enterprise systems integration, mobile hardware support, and leasing and renting programs; and self-service solutions, as well as intelligent event processing, a data aggregation solution. In addition, it provides maintenance and support through call centre. Versatile Systems Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

Founded in 1955

versatile systems inc (VV) Top Compensated Officers

Vice President of Mobile Solutions
Total Annual Compensation: C$112.2K
Total Annual Compensation: C$261.7K
Compensation as of Fiscal Year 2013.

versatile systems inc (VV) Key Developments

Versatile Systems Inc. Announces Management Changes

Versatile Systems Inc. announced the departure of Company CEO and President Kenny Kahn as Versatile Board and Management moves to facilitate strategic implementation of its growth strategy under the interim leadership of Executive Chairman Bertrand des Pallieres. Versatile CEO Kenny Kahn leaves the company and is replaced on an interim basis by Bertrand des Pallieres, Executive Chairman.

Versatile Systems Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Versatile Systems Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported sales of USD 11,386,580 against USD 10,222,371 a year ago. Loss from operations was USD 451,434 against USD 731,246 a year ago. Loss before income taxes was USD 559,652 against USD 779,893 a year ago. Net loss was USD 560,852 against USD 780,888 a year ago. Net cash used in operating activities was USD 519,953 against USD 55,793 a year ago. For the nine months period, the company reported sales of USD 27,883,744 against USD 27,688,798 a year ago. Loss from operations was USD 2,574,541 against USD 1,509,076 a year ago. Loss before income taxes was USD 2,758,840 against USD 1,675,436 a year ago. Net loss was USD 2,762,167 or USD 0.02 per basic and diluted share against USD 1,679,571 or USD 0.01 per basic and diluted share a year ago. Net cash used in operating activities was USD 1,811,008 against USD 1,378,077 a year ago.

Versatile Systems Inc. Appoints Vicki Turjan Chief Financial Officer

Versatile Systems Inc. announced that it has appointed Vicki Turjan as chief financial officer. Turjan will lead the company's finance and administrative teams and will execute financial strategies to enhance Versatile's growth and increase operational efficiencies. Turjan has been with Versatile Systems Inc. since 2000 serving both as the company's director of finance and vice president of finance and administration. Prior to joining Versatile, she held multiple challenging executive management positions in the television industry including roles with Hearst Argyle Corporation in Lancaster, Pa. Her experience also includes financial roles in the manufacturing sector. Turjan holds an MBA degree from the St. Francis University and an economics degree from the University of Pittsburgh.


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