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Versapay Corp - Ordinary Shares VPYYF

Technology
VersaPay Corp is a financial technology company that provides cloud-based accounts receivable automation software and payment solutions for businesses. The company's only segments are VersaPay Solutions Through its VersaPay Solutions segment, the company focuses on electronic invoice presentment with its ARC software (ARC) and develops value-added payment technologies, such as its PayPort and VersaPay Gateway. It sells its products to customers in Canada and the United State.


OTCPK:VPYYF - Post by User

Versapay Corp - Ordinary Shares > VersaPay Enters Definitive Agreement for Sale of Merchant...
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Comment by Wallstreetjackon Dec 06, 2016 12:21pm
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Post# 25560573

RE:RE:RE:VersaPay Enters Definitive Agreement for Sale of Merchant...

RE:RE:RE:VersaPay Enters Definitive Agreement for Sale of Merchant...

From what I understand from the conference call, there will be some cost savings from getting rid of the point of sale business but they will use those savings to ramp up S&M of ARC. They seem to have a lot in the pipeline between the tier-one bank, new channel/distribution partners and the direct sales team.

I would imagine they hit ~2m in sales this year but triple by next year. 

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