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Transport Logistics Goes Live On VersaPay ARC™

Published on 4 min read

Oak Creek, WI ; Toronto, ON – January 18, 2017 – VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that Transport Logistics is now live on VersaPay ARC™ automating their invoice to cash cycle. “We are constantly looking to enhance our operations in an effort to be more efficient and to improve our customers’ experience,” stated Keli Backes, Executive Vice President, Transport Logistics. “Using the VersaPay platform enables our customers to retrieve their proofs of delivery, which allows us to be much more effective at scaling our operational capacity without adding headcount.” “As we continue to acquire forward thinking customers like Transport Logistics, we see them realizing an increasing number of benefits as a result of working with the VersaPay platform,” commented Craig O’Neill, CEO at VersaPay. “Going live with Transport Logistics is a particularly important milestone as we capture data from TMW Suite which feeds back to Microsoft Dynamics GP. This is just the first of what we expect to be many customers with this configuration in logistics as well as other target vertical markets.” As part of the Transport Logistics solution, VersaPay ARC™ utilizes TMW Suite, the transportation management system used by Transport Logistics and connects back to their Microsoft Dynamics GP platform, their core accounting system. The solution also seamlessly automates cash application, completing the invoice-to-cash cycle.

About Transport Logistics

Transport Logistics is an industry leading 3PL and has been in business since 2000. Based in Oak Creek, Wisconsin, we have built our team on the foundation of integrity and make decisions with our customer’s best interest in mind. We can only credit our success to the relationships that have been established with our customers and carriers. For more information visit tnlogistics.com.

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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