VersaPay Named On the 2015 Branham300 Ranking

TORONTO, April 23, 2015 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce it has been recognized by Branham Group, a leading technology research and consulting firm, in its 2015 Branham300 industry ranking report.  The Branham300 recognizes the top Canadian and Multinational Information and Communication Technology (ICT) companies operating in Canada.  For 2015 VersaPay was ranked 131st of the 300 companies listed on the Branham300.

"We are very honoured to be recognized as a growing technology company by a leading research firm such as Branham,"  commented Craig O'Neill, VersaPay's CEO.  "We believe the future for ARC, our cloud-based accounts receivable software, is very bright and that the success we are achieving in the market will continue to earn us recognition from customers, research groups, and our technology peers."

For over 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry. 

About Branham Group Inc.

Branham Group Inc. is a leading industry analyst and strategic consulting company servicing the global Information, Communication and Entertainment (ICE) Technology marketplace. Branham Group assists ICE Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth).

For more information regarding Branham Group, please visit www.branhamgroup.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 / ACH payments and automatically reconcile payments to their ERP and accounting software.

VersaPay is headquartered in Toronto, Canada, and has operations in Montreal and New York.

More information about VersaPay can be found at www.versapay.com

Forward Looking and Other Cautionary Statements.

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating 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 are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change.

Neither the TSX Venture Exchange nor its Regulations 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, Telephone: (647) 258-9406, Email: john.mcleod@versapay.com; OR David C.W. Chan, Chief Financial Officer, VersaPay Corporation, Telephone: (647) 258-9475, Email: david.chan@versapay.com

RELATED LINKS
www.versapay.com

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