DENVER and TORONTO, May 3,
2017 /CNW/ - VersaPay Corporation (TSXV: VPY)
("VersaPay" or the "Company"), a leading provider of cloud-based
invoicing, accounts receivable management and payment solutions,
today announced that it has been selected by The Denver Post to
provide ARCTM its cloud based invoicing and accounts
receivable automation platform.
"The Denver Post is among the top 10 largest newspapers by
circulation in the U.S. We have achieved this status by
continuously striving to advance our offerings for our customers as
we have done with the VersaPay solution," noted Justin Mock, CFO of The Denver Post. "By working
with VersaPay we are able to provide our customers with greater
flexibility, by offering a range of payment options including ACH
and credit card acceptance in a highly secure environment."
"Working with VersaPay ARC enables us to provide customers with
invoices, statements and all of their account information in one
place. That makes for a superior experience for our customers,"
stated Carly Kelso, Director of
Advertising and Circulation Accounting at The Denver Post. "This
platform makes our daily financial operations much more
efficient."
"I am pleased that The Denver Post has chosen our solution. They
are a large and highly recognized daily, and selecting us once
again demonstrates the great value that VersaPay delivers to large
organizations," noted Craig O'Neill,
CEO of VersaPay. "We look forward to continuing to build on the
momentum we have in the media industry."
About The Denver Post
The Denver Post is the flagship newspaper of MediaNews
Group Inc. MediaNews is today one of the largest newspaper chains
in the U.S., publisher of 61 daily newspapers and more than 120
non-daily publications in 13 states.
As the major newspaper in Denver, The Denver Post ranks 12th daily and
10th Sunday of the largest-circulation newspapers in the United States. As of March 2016, it has an average weekday circulation
of 1.2 million and Sunday circulation of 840,179. The Denver Post
receives approximately six million monthly unique visitors
generating more than 13 million page views, according to
comScore.
For further information please visit
http://www.denverpost.com/
About VersaPay
VersaPay is a leading cloud-based invoice presentment and
payment provider for businesses of all sizes. VersaPay's ARC
software-as-a-service offering allows businesses to easily deliver
customized electronic invoices to their customers, to accept credit
card and EFT payments and automatically reconcile payments to their
ERP and accounting software.
More information about VersaPay can be found on the Company's
website at www.versapay.com or under the Company's profile on SEDAR
at www.sedar.com.
Forward Looking and Other Cautionary Statements
This news release contains "forward-looking information" which
may include, but is not limited to, statements with respect to the
activities, events or developments that the Company expects or
anticipates will or may occur in the future. Such forward-looking
information is often, but not always, identified by the use of
words and phrases such as "plans," "expects," "is expected,"
"budget," "scheduled," "estimates," "forecasts," "intends,"
"anticipates," or "believes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may," "could," "would," "might" or
"will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include, among
others, risks related to the speculative nature of the Company's
business, the Company's formative stage of development and the
Company's financial position.
Forward-looking statements contained herein are made as of the
date of this news release and the Company disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results, except as may be
required by applicable securities laws. There can be no assurance
that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE VersaPay Corporation