VITC .015.News out.Is it coming back from the dead?I sure hope so.About time.
Versatech Inc. Announces New Direction
Friday November 22, 10:37 am ET
VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 22, 2002--"Versatech, Inc. has been preparing itself both operationally and managerially, to position its going concern for 2003," said Mr. Steve Krakonchuk, Executive Vice President of the company.
The physical headquarters will be moved to the West Coast city of Bellevue, Washington, an energetic business community just outside of Seattle, Washington. This move will assist our company in many opportunities to come, and it will also allow our company to coordinate its business opportunities in the Pacific Northwest, including Vancouver, British Columbia, which is and always has been the international office for Versatech, Inc.
As many of you are already aware, Versatech Inc.'s predecessor DH Marketing and its management created their own conflicts with the Securities and Exchange Commission (SEC) over issues of misappropriation and self- dealing. However, many of you may not know we have now been exonerated (Reuters disclosures of 8K filing 7/24/02). This exoneration was spearheaded by Executive Vice President Steve Krakonchuk. In addition to this, Tony Spiritosanto was sought out, and asked to take a board position in order to add strength and stability to our new management team (see bio). We are actively searching for additional independent outside directors to round out the board, and to complement existing management (as well as key individuals identified for the executive level) with the synergism necessary for the direction of the company.
With all this, we are going to take the lead and establish an aggressive shareholder's advocate relationship so that we can eliminate any conflicts of interest, and foster the integrity vital to our successes; we feel that both profit and stewardship are necessary in achieving this relationship.
We have identified and are pursuing several key opportunities with outside advisors and consultants. These advisors and consultants have the experience and competence necessary to bring the required elements together, in order to coordinate and launch Versatech Inc.'s initiatives. This has been an on-going process that is now ready to materialize.
We know our relationship with you the shareholder has been strained, but we want to earn your trust and confidence. As soon as detailed information regarding our strategies and financial models can be released, we look forward to communicating them with you.
Versatech is publicly traded on the OTC Bulletin Board under the symbol "VITC". For more information contact Steve Krakonchuk at 888-222-9392 or 604-214-9392 (outside North America).
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Contact:
Versatech
Steve Krakonchuk, 888/222-9392
604/214-9392 (outside North America) |
