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Versus Systems, Inc. Prizing Platform to be Integrated into Valhalla Games Studios International Ltd.'s "Devil's Third Online(TM)"

VS

Versus Systems, Inc. Prizing Platform to be Integrated into Valhalla Games Studios International Ltd.'s "Devil's Third Online(TM)"

Devil's Third Online Players Reap Real Rewards from Han Cholo, Tier 1, and Others

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2017) - Versus Systems, Inc. (CSE:VS)(CSE:VS.CN)(OTCQB:VRSSF)(FRANKFURT:BMVA) today announced that the company's proprietary prizing platform will be integrated into Valhalla Games Studios International Ltd.'s "Devil's Third Online™" (DTO), in development as a free-to-play (F2P) launch for PC.

The Versus prizing platform allows video game developers and publishers, as well as advertisers and brands, to provide in-game prizing to game players and spectators. Versus takes advantage of an eSports landscape that Deloitte Consulting expects to grow at a 94% CAGR through 2018, as well as an in-game advertising market that could reach over $7.5 Billion annually in the U.S. alone. Versus offers prizes to players based on their in-game achievements and behaviors - prizes including gear, apparel, cash, concert tickets, downloadable content (DLC), and more. DLC represents another high-growth opportunity for video games, generating over $30 Billion annually.

"We are thrilled that 'Devil's Third Online' will be able to provide a totally different type of fun for our game players through our collaboration with Versus," said Tomonobu Itagaki, Chief Technology Officer of Valhalla Games Studios International Ltd. "DTO players can look forward to reaping real rewards for their skills, including accessories and apparel from Han Cholo; gaming gear and collectibles from Tier 1; cash and more."

"As evidenced by their work on 'Dead or Alive' and 'Ninja Gaiden', Valhalla founders Itagaki-san and Kanematsu-san are true pioneers when it comes to online multiplayer and tournament play. Their work is a huge part of the foundation on which today's competitive eSports space was built," said Matthew Pierce, CEO of Versus Systems, Inc. "Together, Valhalla and Versus will bring that excitement and prizing opportunity to players at home, expanding the DTO audience and extending the DTO user experience with fresh competitions and a limitless stream of post-launch, downloadable content and prizing."

Pierce continued, "The Versus prizing platform is a solution for video game publishers and developers, as well as major brands eager to build lasting relationships with the powerful, $100B gaming audience of consumers. We have plans to integrate Versus into multiple video games across multiple genres and game platforms throughout 2017 and beyond."

About "Devil's Third Online":
Through Valhalla Games Studios' wholly-owned subsidiary, VN, Valhalla will release an MMO version of Devil's Third on the PC, "Devil's Third Online", utilizing an in-game purchase revenue model. DTO is a large-scale game that features a permanent world that can support thousands of players interacting with each other in real time.

Valhalla Games Studios International Ltd., together with its subsidiaries mainly based in Japan and Korea, is an emerging global entertainment software and content creation company primarily engaged in the creation, development, co-development and operation of high quality interactive entertainment software in the form of video games, mobile applications and arcade machine content.

Versus Systems, Inc. features the company's proprietary Conditional Prize Matching (CPM) system which identifies player characteristics, including age, location, and in-game behaviors and achievements. The Versus CPM then matches those characteristics to real-world prizes that gamers want. To learn more about Versus, see the website at www.versussystems.com, or watch their recent video on YouTube.

Versus and Valhalla Press Kit: https://spaces.hightail.com/receive/gVuXl/bGl6QHBpZXJpcHIuY29t

Reader Advisory
Certain statements in this release are forward-looking statements, which include regulatory approvals, development of technology, timing of completion of technology and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward looking statements will not occur. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company including the development of its technology, including the effectiveness of the technology. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include consumer sentiment towards the Company's technology, technology failures, competition, and failure of counterparties to perform their contractual obligations and other risks detailed from time to time in the filings made by the Company in securities filings.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

The Canadian Securities Exchange has not reviewed, nor approved the content of the contents of this news release.

Versus Systems, Inc.
Liz Pieri
liz@pieripr.com
626-818-7580



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