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Versus Technology Announces First Quarter Results
Date:3/6/2009

generally accepted in the United States. If the omitted statement and disclosures were included in the financial statements, they might influence the user'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. 2008 Annual Report which is available at www.versustech.com/annual_reports.htm for further details regarding the Company's financial position at October 31, 2008.

    Joseph E. Winowiecki
    Chief Financial Officer
    March 6, 2009



                    VERSUS TECHNOLOGY, INC. AND SUBSIDIARY
                         Consolidated Balance Sheets
                                 (Unaudited)

                                           January 31, 2009   October 31, 2008
    Assets
    Current assets
      Cash and cash equivalents                $1,975,000       $1,709,000
      Accounts receivable                       1,194,000        1,359,000
      Inventories                                 663,000          720,000
      Prepaid expenses and other current
       assets                                     173,000          175,000

    Total current assets                        4,005,000        3,963,000


    Property and equipment
      Machinery and equipment                     404,000          403,000
      Furniture and fixtures                      100,000          100,000
      Leasehold improvements                      420,000          420,000

                                                  924,000          923,000
    Less accumulated depreciation                 610,000          594,000

    Net property and equipment                    314,000          329,000

    Goodwill                                
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SOURCE Versus Technology, Inc.
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