NR July 28th. restructure
VERSUS Technologies Inc. key appointments driving continued growth
TORONTO, ONTARIO--VERSUS Technologies Inc. ("the Company")
announced today that it has recently completed a corporate
re-structuring. The new corporate structure will form the
cornerstone for future growth of the Company and enhance its
ability to bring products to the market efficiently and
expeditiously.
Effective immediately, Colleen Moorehead has been appointed
President of VERSUS Technologies Inc. in addition to her past role
of President of VERSUS Brokerage Services Inc. In her new role,
Ms. Moorehead will be responsible for the overall operations and
implementation of the strategic direction of the Company. A
driving force in the rapidly changing financial services industry,
Ms. Moorehead spearheaded the launch of E-TRADE Canada in 1997.
E-TRADE Canada is an innovative electronic commerce company
committed to leading the consumer movement in online financial
services. E-TRADE Canada is a trademark of E-TRADE Securities,
Inc. and is used with their permission. Nigel Etherington has
been appointed Executive Vice President, Strategic Business
Development of VERSUS Technologies Inc. He was formerly Executive
Vice President and Chief Operating Officer of VERSUS Technologies
Inc. Mr. Etherington will lead the development of corporate
strategy, providing similar focus and effective execution in new
business development, as he did in his prior role. Marc Gunter
has been appointed Executive Vice President and Chief Technology
Officer of VERSUS Technologies Inc. He was formerly Vice
President of Systems Development for VERSUS Technologies Inc. Mr.
Gunter will bring his extensive technical knowledge to bear with
respect to the Company's long-term strategy.
"We are tremendously excited at the growing number of business
opportunities before us," said Doug Steiner, Chairman and Chief
Executive Officer of VERSUS Technologies Inc. "We are confident
that we can create substantial value by selectively capturing some
of these strategic opportunities. At the same time, we are
committed to maintaining the high level of customer service our
clients expect. We have reorganized our top management talent to
ensure all of our strategic objectives will be achieved through a
balance of organic growth, alliances and acquisitions."
VERSUS Technologies Inc. (TSE, ME:V), together with its
wholly-owned subsidiary VERSUS Brokerage Services Inc., is a
leading provider of electronic securities trading services to the
Canadian marketplace. VERSUS develops, distributes and provides
access to electronic securities trading services and related
products for both retail and institutional investors through its
electronic trading network.
VERSUS' retail business is marketed exclusively in Canada under
the E-TRADE Canada name, as a service of VERSUS Brokerage Services
Inc. The E-TRADE Canada service is currently offered in all
provinces of Canada other than Quebec.
VERSUS Technologies Inc. and VERSUS Brokerage Services Inc. are
headquartered in Toronto, Canada. VERSUS Brokerage Services Inc.
is a member of the Toronto, Montreal, Vancouver and Alberta stock
exchanges, the Investment Dealers Association of Canada, and the
Canadian Investor Protection Fund.
Please visit our websites at www.versus.ca, www.canada.etrade.com.