VersaPay Selected As One of Twenty Most Innovative Public Canadian Tech Companies

TORONTO, Nov. 10, 2015 /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 as one of the twenty most innovative public Canadian technology companies for 2015 by the Canadian Innovation Exchange and Stockhouse. As part of the award the Company's Chief Executive Officer, Craig O'Neill will present at the CIX Public Investor Day Conference on Wednesday, November 18, 2015 in Toronto. Mr. O'Neill will provide an overview of the Company's groundbreaking work that has garnered this recognition. The event takes place from 1:00-5:00 pm on November 18 at MaRS Discovery District in Toronto. 

"We are delighted to have been chosen as one of this year's twenty most innovative public Canadian tech companies," said Craig O'Neill, CEO of VersaPay. "The cloud-based capabilities we have launched this year will change the way thousands upon thousands of companies do business together, and it is very satisfying that this is being recognized."

The CIX Public Investors Top 20 is a unique program designed to showcase 20 of Canada's hottest and most innovative public technology companies. What makes this program unique to any other showcase event in Canada, is that the selection committee evaluates and rates the hottest companies based on their innovation, and VersaPay was selected from hundreds of small and midcap tech companies.

This event is hosted by the Canadian Innovation Exchange and Stockhouse.

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 has operations in Montreal and New York.

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) (CNW Group/VersaPay Corporation)". Image available at: http://photos.newswire.ca/images/download/20151110_C4913_PHOTO_EN_540910.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

RELATED LINKS
www.versapay.com

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