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

9,000 ( 66,000 )

Prepaid expenses and other current

assets ( 28,000 ) ( 35,000 )

Accounts payable ( 179,000 ) ( 89,000 )

Accrued expenses ( 52,000 ) ( 30,000 )

Deferred revenues from customer advance

payments 12,000 ( 6,000 )

Net cash provided by (used in) operating

activities ( 368,000 ) 310,000

Investing Activity

Additions to property and equipment ( 195,000 ) ( 15,000 )

Net Increase (Decrease) in Cash and Cash

Equivalents ( 563,000 ) 295,000

Cash and Cash Equivalents, at the beginning

of the period 2,428,000 1,401,000

Cash and Cash Equivalents, at the end of

the period $ 1,865,000 $ 1,696,000

See accompanying report of management.


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

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