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Versus Technology Announces Fourth Quarter Results
Date:12/28/2007

336,000

Furniture and fixtures 92,000 81,000

Leasehold improvements 160,000 158,000

Construction in progress 14,000 -

640,000 575,000

Less accumulated depreciation 542,000 509,000

Net Property and Equipment 98,000 66,000

Goodwill 1,533,000 1,533,000

Patents and Other Intangible Assets,

net of accumulated amortization of

$1,991,000 and $1,950,000 - 41,000

Other non-current assets 9,000 78,000

$ 6,153,000 $ 5,471,000

See accompanying report of management.

The full annual report will be published at http://www.versustech.com when available.

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Balance Sheets

October 31, 2007 and 2006

October 31,

2007 2006

Liabilities and Shareholders' Equity

Current Liabilities

Accounts payable $ 523,000 $ 478,000

Accrued expenses 263,000 262,000

Deferred revenue - customer advance

payments 242,000 111,000

Total Current Liabilities 1,028,000 851,000

Shareholders' Equity

Common stock $0.01 par value;

120,000,000 shares authorized;

92,781,325 and 86,573,325 shares

issued and outstanding
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SOURCE Versus Technology, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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