Toronto, ON – February 2, 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 Sun City Group, based in El Paso, Texas, is now live on ARC™, the company’s automated accounts receivable platform.
“As a rapidly expanding logistics company we attribute a great deal of our success to our relentless focus on providing superior service to our customers. Versapay’s AR solution helps us deliver on that commitment,” stated Fabian Melendez, CFO, Sun City Group. “By implementing this solution we now make it easy for customers to make electronic payments in a highly secure environment, saving them time and money. That enhancement, along with the reduction in customer inquiries, allows our own staff to focus their efforts on higher value work, and even better customer service.”
“We are continuing to onboard more and more logistics companies. It is evident that there is a readiness in this market for enhancing dated invoicing and accounts receivable processes,” remarked Craig O’Neill, CEO of Versapay. “There are a number of common challenges transportation companies face; Many of those can be easily eliminated using ARC. At the same time, our solution also provides our customers the opportunity to step out ahead of the competition and shine relative to others in their market.”
About Sun City Group
Sun City Group Inc. opened its doors in March 2006. We are quickly gaining recognition in the transportation industry with the help of our employees by providing superior service to our customers, who represent a wide variety of industries. These include food and beverage, paper and printed materials, retail, manufacturing and more. Today, we are one of the leading transportation providers in the border region and are rapidly expanding. More information about Sun City Group can be found on the Company’s website at www.suncitygroup.com.
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:
|David CW Chan Chief Financial Officer Versapay Corporation 647-258-9475 firstname.lastname@example.org||John McLeod Vice President, Marketing Versapay Corporation 647-258-9406 email@example.com||Babak Pedram Investor Relations Virtus Advisory Group Inc. 416-644-5081 firstname.lastname@example.org|
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.