MECHANICSBURG, PENNSYLVANIA - (CCNMatthews - Sept. 25, 2006) - Versatile Systems Inc.(TSX VENTURE:VV), today announced that D&D Home Furnishings will install Versatile's Mobiquity Self Service Kiosk System (Mobiquity Kiosk(TM)) in its Lane Home Furnishings stores located in the Delaware Valley and surrounding areas. The Mobiquity Kiosk(TM) will provide its customers with the ability to instantly obtain authorization for private label credit from Lane's consumer finance provider, GE Money (which is a trade name of GE Consumer Finance, Inc).
"The Garber family, owners of D&D Home Furnishings and their new Lane Home Furnishings Philadelphia area stores, have been in the retail furniture business for over 30 years," said Bob Joyce, President of Versatile Systems. "Their decision to add Mobiquity Kiosks(TM) to their Lane Home Furnishings stores will enable them to continue their long standing commitment and dedication to customer service."
The Mobiquity Kiosk(TM) is an easy to use data source that provides instant access to private label Credit, store promotions and store inventory, all in a private, secure environment. It enables retailers to automatically process electronic private label credit applications and is designed for retailers such as Lane Home Furnishings who sell big ticket items by commissioned sales staff in a retail showroom environment. The solution delivers improved sales performance at the showroom level while providing valuable customer information and business metrics.
"We're certain our customers will love the convenience of the in-store kiosks and the ability to determine immediately what their purchasing power really is in a safe and secure environment," said Micah Bosico, Director of Technology and Business Development for D&D Home Furnishings. "Our sales associates will now be able to eliminate costly and time-consuming paperwork and we expect to dramatically increase customer loyalty and improve our sales."
Bosico also noted that the Mobiquity Kiosk(TM) system allows retailers to securely collect, interpret and disseminate important customer data rapidly. Furniture stores such as D&D Home Furnishings and Lane Home Furnishings now have the ability to improve and integrate existing business processes and eliminate duplicate data entry.
About D&D Home Furnishings
D&D Home Furnishings of Whitehall, Pennsylvania is a family owned and operated business. In 2004 and 2005, D&D opened Lane Home Furnishings stores in King of Prussia, PA, Langhorne, PA, Montgomeryville, PA and Wilmington, DE. Four more are slated to open within the next year.
About Versatile
Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. By using Versatile's technology, companies in the consumer packaged goods and transportation industries have gained the benefits of supply chain visibility, shortened fulfillment cycles and improved customer satisfaction. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information: www.versatile.com.
Forward-Looking Statements
This document may contain forward-looking statements relating to Versatile's operations or to the environment in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
(C) 2006 Versatile Systems Inc. All rights reserved.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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