Versus Technology Announces Third Quart...(t substantially all of the footnotediscl...),Health

Date:8/28/2008

t substantially all of the footnote disclosures required by accounting principles generally accepted in the United States. If the omitted 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. 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

August 28, 2008

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Balance Sheets

(Unaudited)

July 31, 2008 October 31, 2007

Assets

Current Assets

Cash and cash equivalents $1,690,000 $2,428,000

Accounts receivable 661,000 1,134,000

Inventories 903,000 824,000

Prepaid expenses and other current assets 191,000 127,000

Total Current Assets 3,445,000 4,513,000

Property and Equipment

Machinery and equipment 401,000 374,000

Furniture and fixtures 100,000 92,000

Leasehold improvements 420,000 160,000

Construction in progress - 14,000

921,000 640,000

Less accumulated depreciation 577,000 542,000

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

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