Versatile reports first quarter results

Improved gross profit and reduced expenses

Press Release

Vancouver, Canada November 29, 2012 - Versatile Systems Inc. (Trading symbol on the TSX Venture

Exchange: VV), announces its results for the first quarter of the 2013 fiscal year.

Revenue for the three months ended September 30, 2012 was $7,915,848, generating a gross profit of

$1,832,779 or 23.2% of sales compared to $9,039,212, generating a gross profit of $1,790,378 or 19.8% of sales for the same quarter last year. The Loss from Operations for the quarter amounted to $329,594 compared to $488,503 for the same quarter last year, an improvement of $158,909. The Net Loss for the quarter amounted to $404,094 ($0.00 per share) compared to the Net Loss of $413,827 ($0.00 per share) for the same period last year.

Highlights for the quarter included: