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

533,000

Patents and Other Intangible Assets,

net of accumulated amortization

of $1,991,000 - -

Other Non-Current Assets 9,000 9,000

$ 5,830,000 $ 6,153,000

See accompanying report of management.

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Balance Sheets

(Unaudited)

January 31, 2008 October 31, 2007

Liabilities and Shareholders'

Equity

Current Liabilities

Accounts payable $ 344,000 $ 523,000

Accrued expenses 211,000 263,000

Deferred revenue from

customer advance payments 254,000 242,000

Total Current Liabilities 809,000 1,028,000

Commitments and Contingencies

Shareholders' Equity

Common stock $0.01 par value;

120,000,000 shares authorized;

92,781,325 shares issued and

outstanding 928,000 928,000

Additional paid-in capital 42,509,000 42,483,000

Accumulated deficit ( 38,416,000 ) ( 38,286,000 )

Total Shareholders' Equity 5,021,000 5,125,000

$ 5,830,000 $ 6,153,000

See accompanying report of management.

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Statements of Operations

(Unaudited)

Three Months Ended January 31,

2008 2007

Revenues
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SOURCE Versus Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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