VersaPay Appoints the Honourable David Peterson, Mr. Brian Kyle & Ms. Wendy Porter to the Board of Directors

    VANCOUVER, Aug. 18 /CNW/ - VersaPay Corporation ("VersaPay") is proud to
announce that the Honourable David Peterson, Senior Partner and Chairman at
the law firm of Cassels Brock & Blackwell LLP; Mr. Brian Kyle, Executive Vice
President of Davis and Henderson and Ms. Wendy Porter, founder of Moneris
Solutions, Canada's largest credit card acquiring company, were elected to
VersaPay Corporation's Board of Directors.
    A director of several public companies, including Rogers Communications
Inc. and Shoppers Drug Mart, David Peterson practices corporate/commercial law
at the Toronto law firm of Cassels Brock & Blackwell LLP. He is chancellor of
the University of Toronto, a director of St. Michael's Hospital, and is active
with a number of charitable, educational and environmental organizations. Mr.
Peterson has been appointed a Knight of the Order of the Legion of Honour of
France, received the Ordre de la Pléiade from the International Assembly of
French-Speaking Parliamentarians, and was inducted into the Order of Ontario
in 2009.
    Brian Kyle is currently the Executive Vice President Finance of Davis and
Henderson, Canada's leading provider of check supply programs, deposit
programs, and eSwitch, among other offerings. Prior to that, Mr. Kyle was with
Teranet Inc. where he held the position of Vice President and CFO. While at
Teranet, Mr. Kyle successfully led a $700M IPO ($2.3B enterprise value), the
largest Canadian IPO in 2006. In 2008, he led the privatization of Teranet to
Borealis Infrastructure for over $1.6B. Mr. Kyle brings over 20 years of
financial management and leadership experience gained from holding various
senior financial positions with Canadian public companies in the aerospace,
consumer goods and e-commerce sectors. Mr. Kyle holds an Honorary Doctorate of
Law from Assumption University (Windsor) and a Masters in Business
Administration from Queen's University School of Business and he is a
Certified Management Accountant and member of the Society of Management
Accountants of Ontario. He was recently nominated for Canadian CFO of the Year
for 2009.
    Wendy Porter is a payments industry expert responsible for the creation
of Moneris Solutions, Canada's largest credit card acquiring company. Her U.S.
experience includes President, Vital Merchant Services (now TSYS Acquiring
Solutions), and responsibility for the Harris Bank payment acquiring division
in Chicago. Ms. Porter spent most of her career with Bank of Montreal in
various executive roles in Corporate Marketing, Information Technology and
Electronic Payments. As Senior Vice President, Merchant Acquiring, she managed
the credit card and debit card acquiring business. In 2000, she conceived the
strategy of a combined MasterCard and Visa payment solutions company, and was
responsible for spinning off Bank of Montreal's acquiring division and merging
it with Royal Bank's division to create Moneris Solutions. She has served on a
variety of business and not for profit boards including payment industry
boards and Global Committees for the Interac Association and MasterCard. Ms.
Porter holds a BA from York University, and an MBA degree from the Schulich
Business School at York University. She also holds the ICD.D designation from
the Institute of Corporate Directors.
    "It is a privilege and an honor to welcome the Honourable David Peterson,
Mr. Brian Kyle and Ms. Wendy Porter to the Board of our young and growing
Company," says Michael Gokturk, VersaPay's CEO. "We now look to our Board more
than ever and rely on their business acumen, experience and integrity to guide
our Company through our next stage of growth. We are confident that our
business milestones and objectives will once again exceed expectations."

    About VersaPay

    VersaPay is a 100% Canadian and independently-owned payment processor,
handling all elements of both credit and debit card merchant and eCommerce
payment processing. A host of merchant account services, the highest-quality
point of sale terminals, and proprietary financial technology solutions such
as VersaEFT and the VersaCard, are offered to businesses of any size or
industry. VersaPay makes "One Stop" merchant payment services a reality for
its clients, with an increase to VersaPay's clients' bottom line guaranteed.
    To learn more about VersaPay's selection of Credit, Debit, Enterprise and
eCommerce solutions, visit

For further information:

For further information: Michael Gokturk, Chief Executive Officer,
VersaPay Corporation, T (604) 909-9850, F (604) 678-3538

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