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Versus Technology Announces Third Quarter Results
Date:8/25/2009

TRAVERSE CITY, Mich., Aug. 25 /PRNewswire-FirstCall/ -- Versus Technology, Inc. ("Versus" or the "Company") announced revenues of $1,155,000 for its third fiscal quarter ended July 31, 2009, a 1.8% decrease compared to revenues of $1,176,000 for the same quarter of the prior year. Revenues for the nine months ended July 31, 2009, were $3,905,000, compared to $4,026,000 for the nine months ended July 31, 2008, a 3.0% decrease. Versus' quarterly revenues can vary significantly depending on the timing and delivery of major customer projects. Accordingly, revenues reported in any one quarter are not necessarily indicative of what full-year results will be.

Gross profits as a percentage of revenues were 69.4% for the current year's third quarter compared to 71.1% for the same quarter of the prior year. Operating expenses, other than cost of revenues, decreased 9.8% for the current year's third quarter compared to the same quarter of the prior year.

Versus reported a net loss of $360,000 for the current year's third quarter compared to a net loss of $448,000 for the same quarter of the prior year. The Company reported a net loss of $731,000 for the nine months ended July 31, 2009, compared to a net loss of $825,000 for the nine months ended July 31, 2008.

For additional information, please refer to the attached unaudited consolidated financial statements.

About Versus Technology, Inc.

Versus Technology, Inc. is the leader in the development and sale of context-aware real-time location systems (RTLS) used for enterprise patient tracking, bed management and asset tracking to improve patient flow and caregiver/patient communications in hospitals, clinics and long-term care facilities. Versus also develops dual infrared and Active RFID tags and other location tracking hardware to make locating systems more precise, security systems more intelligent,
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SOURCE Versus Technology, Inc.
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