The Children's Wish Foundation of Canada Selects VersaPay for Credit Card Payment Solution

TORONTO, Jan. 19, 2016 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that The Children's Wish Foundation of Canada has selected VersaPay to provide their credit card payment solution to accept donations. 

"In order to achieve our foundation's mission – Making heartfelt wishes come true, we rely on great partners like VersaPay to help us serve more children," stated Vinh Nguyen, CFO for Children's Wish Foundation. "By working with VersaPay, we are able to put an even greater percentage of our donation dollars to work, and at the same time we are receiving excellent reporting capabilities as well as support from VersaPay to enable us to monitor and manage our operations more effectively."  

The Children's Wish Foundation does incredibly important work to help children experience their wish," noted Craig O'Neill, VersaPay's CEO. We at VersaPay are proud to play a small part in assisting the team at Children's Wish to make a difference in the lives of children across the country."

About The Children's Wish Foundation of Canada

The Children's Wish Foundation of Canada is the largest all Canadian wish granting charity dedicated to granting wishes to Canadian children between the ages of 3 and 17 who are diagnosed with a life-threatening illness. For more than 30 years, Children's Wish has worked tirelessly to grant heartfelt wishes to more than 22,000 children and their families.

This year, the Children's Wish Foundation of Canada expects to grant over 1,000 new wishes across the country with the help of volunteers and generous donors; that is approximately three wishes each and every day, all year long. Each wish is the child's most heartfelt wish, and carefully structured to meet the particular needs of the child and their family.

Already this year, we are experiencing unprecedented increases of wish referrals through our strong medical community relationships for our wishes granted to children with life-threatening illnesses. Now more than ever, we are encouraging Canadians to donate and support The Children's Wish Foundation of Canada to help us continue to grant the next most heartfelt wish. Children's Wish is a national charity with chapters in every province and territory. Visit www.childrenswish.ca for more information and to donate.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and also has operations in Montreal.

More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.

Forward Looking and Other Cautionary Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE VersaPay Corporation

Image with caption: "VersaPay Corporation (CNW Group/VersaPay Corporation)". Image available at: http://photos.newswire.ca/images/download/20160119_C7970_PHOTO_EN_600620.jpg

For further information: David CW Chan, Chief Financial Officer, VersaPay Corporation, 647-258-9475, david.chan@versapay.com; John McLeod, Vice President, Marketing, VersaPay Corporation, 647-258-9406, john.mcleod@versapay.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, bpedram@virtusadvisory.com

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