Press Release Versatile reports fourth quarter and fiscal 2012 results

Vancouver, Canada November 27, 2012 - Versatile Systems Inc. (Trading symbol on the TSX Venture

Exchange: VV), announces its results for the fourth quarter and the 2012 fiscal year.

Revenue for the three months ended June 30, 2012 was $8,832,150 generating a gross profit of

$1,942,201 or 22.0% of sales compared to $10,180,289 generating a gross profit of $2,381,728 or 23.4% of sales for the same quarter last year. The Loss from Operations for the quarter amounted to $390,775 compared to $302,775 for the same quarter last year. As a result of the performance of the U.S. Eastern operations, management determined that the goodwill related to the original acquisition of Perfect Order was impaired. Further a provision should also be recorded against the Deferred income tax assets for the U.S. operations. Consequently, Versatile Systems Inc. ("Versatile" or "the Company") recorded non-cash expenses of $7,195,380 for the Goodwill impairment and a write-down of Deferred income taxes in the amount of $6,319,821. The Company also recorded $105,875 for the equity loss relating to the Investment in Equus. As a result the Net Loss for the quarter amounted to $14,075,239 ($0.09 per share) compared to the Net Loss of $438,131 ($0.00 per share) for the same period last year.

Highlights for the quarter included: