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|
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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.
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