The Denver Post Selects VersaPay's Invoice to Cash Automation Solution

DENVER and TORONTO, May 3, 2017 /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 it has been selected by The Denver Post to provide ARCTM its cloud based invoicing and accounts receivable automation platform.

"The Denver Post is among the top 10 largest newspapers by circulation in the U.S. We have achieved this status by continuously striving to advance our offerings for our customers as we have done with the VersaPay solution," noted Justin Mock, CFO of The Denver Post. "By working with VersaPay we are able to provide our customers with greater flexibility, by offering a range of payment options including ACH and credit card acceptance in a highly secure environment."

"Working with VersaPay ARC enables us to provide customers with invoices, statements and all of their account information in one place. That makes for a superior experience for our customers," stated Carly Kelso, Director of Advertising and Circulation Accounting at The Denver Post. "This platform makes our daily financial operations much more efficient."

"I am pleased that The Denver Post has chosen our solution. They are a large and highly recognized daily, and selecting us once again demonstrates the great value that VersaPay delivers to large organizations," noted Craig O'Neill, CEO of VersaPay. "We look forward to continuing to build on the momentum we have in the media industry."

About The Denver Post

The Denver Post is the flagship newspaper of MediaNews Group Inc. MediaNews is today one of the largest newspaper chains in the U.S., publisher of 61 daily newspapers and more than 120 non-daily publications in 13 states.

As the major newspaper in Denver, The Denver Post ranks 12th daily and 10th Sunday of the largest-circulation newspapers in the United States. As of March 2016, it has an average weekday circulation of 1.2 million and Sunday circulation of 840,179. The Denver Post receives approximately six million monthly unique visitors generating more than 13 million page views, according to comScore.

For further information please visit http://www.denverpost.com/

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.

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

For further information: 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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