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Versus Technology Announces First Quarter Results
Date:2/27/2008

's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.

The reader should refer to the Versus Technology, Inc. 2007 Annual Report which is available at http://www.versustech.com/annual_reports.htm for further details regarding the Company's financial position at October 31, 2007.

Richard W. Ebersole

Chief Financial Officer

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Balance Sheets

(Unaudited)

January 31, 2008 October 31, 2007

Assets

Current Assets

Cash and cash equivalents $ 1,865,000 $ 2,428,000

Accounts receivable 1,169,000 1,134,000

Inventories 815,000 824,000

Prepaid expenses and other

current assets 155,000 127,000

Total Current Assets 4,004,000 4,513,000

Property and Equipment

Machinery and equipment 384,000 374,000

Furniture and fixtures 92,000 92,000

Leasehold improvements 160,000 160,000

Construction in progress 199,000 14,000

835,000 640,000

Less accumulated depreciation 551,000 542,000

Net Property and Equipment 284,000 98,000

Goodwill 1,533,000 1,
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SOURCE Versus Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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