Versature Corp.

OTTAWA, ONTARIO--(Marketwire - Aug. 27, 2008) - Versature, an Ottawa-based company that provides Hosted Business Phone Systems to small- and mid-sized businesses in Canada, is one of this year's 100 finalists for the Red Herring Canada Top 50 Awards. The award provides an opportunity for the nation's Top 50 companies to deliver their message to select venture capitalists, entrepreneurs, financiers and corporate strategists in Mont-Tremblant next month.

"With steady growth both in customers and cities serviced throughout Canada, Versature's Hosted PBX service has been growing aggressively for several years with a combination of top level customer service, affordable pricing and forward looking functionality." said Paul Emond, CEO at Versature.

"We are excited to be chosen as a finalist in the Red Herring Canada Top 50 awards, as it is a nod to our innovative approach. IP-based communication is changing the way businesses communicate, and Versature has established an effective model and robust technology infrastructure to provide Canadian businesses with hosted phone service, unified messaging, teleworking, mobility, and more."

Red Herring Canada evaluated several hundred nominees based on criteria including financial performance, technology innovation, quality of management, execution of strategy and integration into their ecosystem. The top 50 winners will be announced at the Red Herring Canada event to be held in Mont-Tremblant September 15-17 at the Fairmont Mont-Tremblant.

About Versature

Based in Ottawa, Ontario, Canada, Versature provides innovative business communications solutions in an expanding network of cities, to small- and mid-sized businesses that are ready to take advantage of VOIP's advanced capabilities. Founded in 2003, Versature recently celebrated it's 5th year in business with a listing in Branham Group's Top 25 "Up and Comers" list of the top technology businesses in Canada.

Businesses as small as 1 person and as large as 100 staff members are using Versature to save money on their telecommunications services, while retaining the flexibility they need to grow. www.versature.com.