VersaPay Hires Chief Revenue Officer to Drive Growth

Toronto, ON – September 13, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced that Ross Pellizzari is joining the Company’s executive leadership team as Chief Revenue Officer.

Ross has over thirty years of developing go-to-market teams and driving results through customer success as a leader and sales professional across many vertical industries and segments including Financial Services, Retail, Government, Education, Health Care, Distribution and Solution Resellers. Ross has repeatedly achieved success through his focus on customer first, relationships, building high performance teams, sales leadership, and accountability.  Prior to joining VersaPay, Ross has held several high profile leadership positions, including President of Avaya Canada, head of channel sales at Cisco Canada and Operations Director for Central Canada at Cisco Systems.

“I’m delighted to welcome Ross to the VersaPay team,” said Craig O’Neill, CEO of VersaPay. “As we begin expanding our sales and marketing efforts, particularly with channel partners and in the US market, Ross’ extensive experience in direct and channel sales, along with his proven leadership skills and track record of getting results will be key factors in helping us achieve our growth targets.”

About VersaPay

VersaPay is a Fintech company and leading provider of cloud-based invoice-to-cash solutions, enabling businesses to provide a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the new standard in accounts receivable and collections management with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable. VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers.

More information about VersaPay is available at www.versapay.com or under the Company’s profile on SEDAR at www.sedar.com.

 

 

For additional information, please contact:

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

 
     

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.

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