13 December

VersaPay’s Accounts Receivable Automation Solution Chosen by ic! berlin

Toronto, ON – December 13, 2016 – 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 ic! berlin to provide ARCTM its cloud based invoicing and accounts receivable automation platform.

“ic! berlin was founded on the value that innovation can bring to an established market like designing and manufacturing glasses and sunglasses. Along that same vein we are introducing innovative new approaches to our financial operations and enhancing our customers’ experience by integrating the VersaPay solution with our SAP implementation,” noted Tanja Weindling, the GM for ic! berlin US Operations. “VersaPay ARC enables us to offer self-service and collaborate more closely with our customers and at the same time allows us to present customers with flexible options for secure payment in a PCI compliant environment.”

“ic! berlin is yet another example of an innovative company using VersaPay to offer a better customer experience while getting get paid faster,” stated Craig O’Neill, CEO at VersaPay. “We are working with a number of companies that have SAP deployed as their ERP and we welcome the opportunity to work with many more.”

About ic! berlin

ic! berlin designs and produces screwless glasses and sunglasses in its own Production house in the heart of Berlin. 100% Made in Germany, ic! berlin is a child of the new Berlin entrepreneurial revolution, a thriving creative metropolis fuelling innovation and ideas. ic! berlin produces prescription glasses and sunglasses, for kids, women, men, and everyone in between. Each and every ic! berlin frame features a one-of-a-kind patented screwless hinge system, which combined with high quality materials such as sprung stainless steel, makes ic! berlin eyewear virtually indestructible. ic! berlin eyewear is designed with passion, produced with technical precision and handcrafted with love. ic! berlin is found in the best Opticians world wide, and in our Flagship Store at Max-Beer-Straße 17, Berlin.

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 also has operations in Montreal.

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.

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.

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.

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