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NEWSCYCLE Goes Live on Versapay's AR Automation Solution

Published on 4 min read

MINNEAPOLIS and TORONTO, April 18, 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 NEWSCYCLE Solutions is now live on Versapay ARCTM, the company's AR automation solution.

"In forming NEWSCYCLE Solutions from the predecessor companies we made a commitment to continuously work to change the game, and be the leader for the global news media industry. To help achieve that status we have selected VersaPay as our invoicing and AR automation provider," noted Lynn Danko, CFO, NEWSCYCLE. "With this new solution we can effectively manage all aspects of invoicing, accounts receivable and payments in a PCI compliant environment, provide automatic notifications and reminders, and we save a great deal of time by automating many of the routine tasks. The enhancements enable us to focus more time on our customers."

"We are thrilled to welcome NEWSCYCLE as a Versapay ARC customer as they offer the leading ERP platforms for the media industry," stated Craig O'Neill, Versapay's CEO. "This represents an excellent opportunity for us, as we have demonstrated the value of ARC to multiple NEWSCYCLE customers and now NEWSCYCLE itself. This positions us extremely well to approach many more of their customers, as they will now have direct exposure to the highly intuitive interface and the many benefits offered by ARC. We are looking forward to seeing many of them this week at iConnect Solutions 2016."

In addition to NEWSCYCLE and dozens of other supplier businesses, Versapay's AR automation solution is gaining the recognition of market intelligence and research organizations. IDC recently published a report profiling VersaPay.

Utsav Arora, Senior Research Analyst at IDC notes: "… technology company Versapay is testament to an evolving organization that has embraced the SaaS model to bring innovation to the financial management and accounting technology market."

The full report can be reviewed here: http://arc.versapay.com/idc-vendor-profile-versapay/

Versapay is exhibiting this week at iConnect Solutions, the annual conference for the NEWSCYCLE User Community, being held in Minneapolis, Minnesota, April 17 – 20. Conference attendees are invited to stop by the VersaPay booth for a first-hand look at the ARC platform.

About NEWSCYCLE Solutions

NEWSCYCLE Solutions – which was formed by the combination of DTI, SAXOTECH, MediaSpan, and the Atex AdBase business – delivers the most complete range of software solutions for the global news media industry, including news content management, advertising, circulation, audience, and analytics.

NEWSCYCLE Solutions is a trusted technology partner serving more than 1,200 media companies with 8,000 properties across more than 30 countries on 6 continents. The company is headquartered in Bloomington, MNand has U.S. offices in Florida, Michigan and Utah; with international offices in Canada, Denmark, Germany, Norway, Sweden, and the United Kingdom.

About Versapay

Versapay is a leading cloud-based payment and A/R solution provider for businesses of all sizes. Versapay PayPort gives companies an integrated solution for transacting securely in the cloud. Versapay ARC allows businesses to deliver customized electronic invoices to their customers, to accept credit card and electronic check payments and automatically reconcile 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
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.

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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