Versatile Systems Inc. reported unaudited consolidated earnings results for second quarter and six months ended December 31, 2009. Revenues for the quarter was $11,259,292 generating a gross profit of $2,660,080 or 23.6% of sales compared to $12,327,064 generating a gross profit of $3,039,395 or 24.7% of sales for the same quarter last year. The net loss for the quarter amounted to $80,661 or $0.00 per share compared to a net loss of $533,171 or $0.00 per share for the same period last year, an improvement of $452,510. Loss before interest, taxes and amortization for the period were $268,531 against $645,947 for same period a year ago. Loss before income tax for the period was $426,982 against $824,382 for same period a year ago. Cash used in operations for the period was $236,048 against cash from operations was $1,582,158 for same period a year ago. Additions to capital assets for the period were $21,414 against $106,511 for same period a year ago. Revenues for the six months ended December 31, 2009 was $22,875,517 generating a gross profit of $5,315,384 or 23.2% of revenue compared to $26,630,915 generating a gross profit of $6,792,495 or 25.5% of revenue for the same period last year. The net loss for the period amounted to $127,436 or $0.00 per share compared to $476,556 or $0.00 per share for the same period last year, an improvement of $349,120. Loss before interest, taxes and amortization for the period were $152,736 against $393,375 for same period a year ago. Loss before income tax for the period was $472,254 against $761,472 for same period a year ago. Cash used in operations for the period was $2,285,118 against cash from operations was $1,433,660 for same period a year ago. Additions to capital assets for the period were $37,266 against $209,989 for same period a year ago.

The shareholders of Versatile Systems Inc. elected John Hardy, Alessandro Benedetti, Malcolm Clay, Fraser Atkinson, Kais Laouiti and Bertrand des Pallieres as directors of the company. John Hardy will continue to serve as the chairman and chief executive officer, Robert Joyce as the president and Fraser Atkinson as the chief financial officer and corporate secretary.

Versatile Systems Inc. announced that the company has developed a unique, highly interactive application for deployment on the Apple iPhone(TM) and iPod Touch(TM) for The Hershey Company. The Hershey's(R) Syrup iPhone application provides a rich media experience that is engaging for the users while at the same time effectively reinforcing the image of Hershey's Syrup as America's #1 brand of chocolate syrup. The application provides users an interactive experience on how to create, stir-and drink-a glass of Hershey's Chocolate Milk using Hershey's Syrup. Once the application is downloaded, a user will be able to interact with a bottle of Hershey's Syrup and a glass of milk to be able to create a glass of chocolate milk. The stirring and drinking process is fully animated and comes equipped with customized sounds that make drinking each glass of Hershey's chocolate milk unique and interesting to each and every user.