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Gold/Mining/Energy : Versus Technologies Inc. (Canada) IPO -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (100)	7/26/1999 12:19:00 PM
From: arisetech	Read Replies (1) \| Respond to of 131

From: newsout@canada-stockwatch.com Date: Mon, 26 Jul 1999 09:09:02 -0700 Subject: Stockwatch: Versus Technologies Inc - News Release To: Versus completes corporate restructuring Versus Technologies Inc V Shares issued 11,619,874 Jul 23 close $12.35 Mon 26 Jul 99 News Release Ms. Colleen Moorehead reports The company has recently completed a corporate restructuring. 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, in addition to her past role of president of Versus Brokerage Services. 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 on-line financial services. E-TRADE Canada is a trademark of E-TRADE Securities Inc. and is used with its permission. Nigel Etherington has been appointed executive vice-president of strategic business development of Versus Technologies. He was formerly executive vice-president and chief operating officer of Versus Technologies. 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. He was formerly vice-president of systems development for Versus Technologies. 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. "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." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com