Press Releases

MECHANICSBURG, PENNSYLVANIA -- (MARKET WIRE) -- 11/05/09 -- Versatile Systems Inc. (TSX VENTURE: VV)(AIM: VVS), announces that the Company, in conjunction with technology partners Oracle and Sun Microsystems, is presenting and demonstrating leading edge solutions for virtualization and archiving for the educational marketplace.

Versatile's broad expertise in architecting and deploying large scale virtual systems in both the data center and at the desktop are on display at this event. Event attendees will be able to have hands on experience with these technologies including key Versatile technology and engage with Versatile's management. In addition, Versatile will participate in the presentation of Fedora Commons, a solution for storing, managing, and accessing digital content in the form of digital objects. Versatile will also be supporting Duquesne University's presentation of their MultiPass 2.0 application. Developed with the support of Versatile's solution architects, MultiPass 2.0 is built on Sun's IDM solution and provides a "seamless, safe, and secure" end user experience for the creation and/or de-provisioning of accounts across multiple systems and applications. More information is available at: http://www.educause.edu/E09+Hybrid/EDUCAUSE2009FacetoFaceConferen/IdentityManagementandProjectMa/176098

Educause is a nonprofit association whose mission is to advance higher education by promoting the intelligent use of information technology. Versatile specializes in implementing business critical information technology solutions, uniquely combining our proven intellectual property with premier partner technologies to provide our customers with the competitive edge needed to succeed in today's environment.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information: www.versatile.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's operations or to the environment in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

© 2009 Versatile Systems Inc. All rights reserved.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Versatile Systems Inc.
John Hardy
Chairman and CEO
1-800-262-1633
International: 001-206-979-6760

Versatile Systems Inc.
Fraser Atkinson
CFO
1-800-262-1633
www.versatile.com

MECHANICSBURG, PENNSYLVANIA--(Marketwire - Nov. 5, 2009) - Versatile Systems Inc. (TSX VENTURE: VV)(AIM: VVS), announces that the Company, in conjunction with technology partners Oracle and Sun Microsystems, is presenting and demonstrating leading edge solutions for virtualization and archiving for the educational marketplace.

Versatile's broad expertise in architecting and deploying large scale virtual systems in both the data center and at the desktop are on display at this event. Event attendees will be able to have hands on experience with these technologies including key Versatile technology and engage with Versatile's management. In addition, Versatile will participate in the presentation of Fedora Commons, a solution for storing, managing, and accessing digital content in the form of digital objects. Versatile will also be supporting Duquesne University's presentation of their MultiPass 2.0 application. Developed with the support of Versatile's solution architects, MultiPass 2.0 is built on Sun's IDM solution and provides a "seamless, safe, and secure" end user experience for the creation and/or de-provisioning of accounts across multiple systems and applications. More information is available at: http://www.educause.edu/E09+Hybrid/EDUCAUSE2009FacetoFaceConferen/IdentityManagementandProjectMa/176098

Educause is a nonprofit association whose mission is to advance higher education by promoting the intelligent use of information technology. Versatile specializes in implementing business critical information technology solutions, uniquely combining our proven intellectual property with premier partner technologies to provide our customers with the competitive edge needed to succeed in today's environment.

About Versatile

Versatile provides business solutions that enable companies to improve sales, marketing and distribution of their products. Versatile also provides information technology services for the implementation, maintenance and security of mission-critical computer environments. Versatile has the ability to architect solutions involving both proprietary and third party components. For more information: www.versatile.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to Versatile's operations or to the environment in which it operates, which are based on Versatile's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Versatile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

(C) 2009 Versatile Systems Inc. All rights reserved.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Versatile Systems Inc.
        John Hardy
        Chairman and CEO
        1-800-262-1633
        International: 001-206-979-6760

        Versatile Systems Inc.
        Fraser Atkinson
        CFO
        1-800-262-1633
        www.versatile.com

Source: Versatile Systems Inc.

BOSTON--(BUSINESS WIRE)-- Catastrophe risk modeling firm AIR Worldwide (AIR), today announced the results of its collaboration with the U.K. Met Office to examine the financial implications of climate change to the insurance industry. The analysis was sponsored by the Association of British Insurers (ABI) in a special report titled, "Financial Risks of Climate Change," which was released Wednesday at an ABI conference in London.

"While there is significant uncertainty associated with the future of earth's climate, due diligence requires that we explore the possible financial impacts of rising global temperatures, thus allowing stakeholders to make rational decisions about if and when to take action," said Nick Starling, ABI's director of General Insurance and Health. "With the help of AIR's catastrophe modeling expertise and the Met Office's expertise in climate modeling, this groundbreaking study quantifies the effects of a changing climate on insured risks from two dominant natural hazards in the U.K. -- namely, inland flooding and winter windstorms -- and from typhoon activity in China, accounting for some of the uncertainties surrounding the impacts of climate."

Results from the study include:

    --  The average annual insured inland flood losses in Great Britain could
        rise by 14 percent assuming a global temperature rise of 4 C. Within
        Great Britain, the results vary by region (increases range from less
        than 10 percent to nearly 30 percent).
    --  The insured inland flood loss in Great Britain occurring on average once
        every 100 years could rise by 30 percent. The insured inland flood loss
        occurring on average once every 200 years could rise by 32 percent. In
        both cases, the estimates assume a global temperature rise of 4 C.
    --  The average annual insured losses from typhoons affecting China could
        increase by 32 percent; the 100-year loss could increase by 9 percent,
        and the 200-year loss could increase by 17 percent. In all cases, the
        estimates assume a global temperature rise of 4 C.

Matt Huddleston, Met Office principle climate change consultant said, "The Met Office created a series of climate scenarios based on the current state-of-the-art climate model output and expert analysis of published scientific research and data. These climate scenarios were then used by AIR Worldwide to condition their existing catastrophe models, providing a unique insight into relationships between climate change and potential financial risk impacts."

Since they were first introduced by AIR in the 1980s, catastrophe models have been used by insurers, reinsurers, governments, investors, and others to quantify the financial impact of extreme events and support risk management decision making. To assess the financial impact of climate change in the U.K. and China, AIR Worldwide modified the assumptions underlying three of its catastrophe models -- the AIR Inland Flood Model for Great Britain, the AIR Extratropical Cyclone (Winter Storm) Model for Europe, and the AIR Typhoon Model for China -- using the climate scenarios provided by the Met Office as input in place of today's climate conditions.

"The earth's climate system is constantly changing," said Dr. Peter Dailey, assistant vice president and director of atmospheric science at AIR Worldwide. "Not only does a change to any component of the system influence the risk from natural catastrophes, but the interactions between components bring about an inherent uncertainty surrounding how climate will evolve in the future. By conditioning our models on future climate scenarios developed by leading climate researchers at the Met Office, the study we have conducted on behalf of the ABI advances our understanding of the relationship between these complex climate relationships and insured risk."

"Our research team has once again extended the state of the science by coupling climate model projections with state-of-the-art catastrophe models," said Ming Lee, president & CEO, AIR Worldwide. "The results of this collaborative endeavor provide the insurance industry for the first time with a quantification of the potential impact of climate on insured risks in the U.K. and China."

To read the full report, click here: http://www.abi.org.uk/Publications/ABI_Publications_The_Financial_Risks_of_Climate_Change_5ad.aspx

About AIR Worldwide

AIR Worldwide (AIR) is the scientific leader and most respected provider of risk modeling software and consulting services. AIR founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 50 countries. More than 400 insurance, reinsurance, financial, corporate and government clients rely on AIR software and services for catastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, agricultural risk management, and property replacement cost valuation. AIR is a member of the ISO family of companies and is headquartered in Boston with additional offices in North America, Europe and Asia. For more information, please visit www.air-worldwide.com.

    Source: AIR Worldwide

LUND, SWEDEN -- (MARKET WIRE) -- 11/05/09 -- NeuroVive Pharmaceutical AB, of Lund, Sweden, announced that on November 3, 2009 it completed the clinical phase of its study investigating tolerability and pharmacokinetics of the cremophor®-free cyclosporine i.v. formula NeuroSTAT®.

CEO Eskil Elmér comments that "This study in 52 healthy subjects is a direct comparison of NeuroVive's injectable cyclosporine product NeuroSTAT® with Novartis's product Sandimmune® Injection. This is an important milestone in the development of NeuroVive's first pharmaceutical product for clinical use in patients with acute brain damage. Further, if the final analysis of the study is successful it will open the opportunity to develop or outlicense the product NeuroSTAT® for existing indications for intravenous cyclosporine A (such as immunosuppression). We expect to make NeuroSTAT® available for clinical trials and sales on a named-patient basis."

The study is entitled: "A study to compare the bioavailability and pharmacokinetics of cyclosporine after intravenous administration of NeuroSTAT®, a Cremophor® EL-free lipid emulsion, and Sandimmune® Injection (a suspension of cyclosporine in Cremophor® EL) in healthy volunteers."

Chairman Greg Batcheller comments "The completion of this trial represents an important step in the development of NeuroSTAT®. It sets the stage for a next round of financing that will eventually take us into clinical trials in traumatic brain injury patients in Europe and the US."

NeuroSTAT® is an intravenous cyclosporine A lipid emulsion which is free from cremophor® EL (castor oil) and alcohol. Cremophor® EL has been reported to cause hypersensitivity reactions (anaphylaxis) in some patients. The introduction of a cremophor® EL-free intravenous cyclosporine A lipid emulsion will provide a safer alternative to patients, similar to the introduction of cremophor-free Paclitaxel (Taxol®) and Propofol (Diprivan®) products.

NeuroVive Pharmaceutical AB is a Swedish research and development company. NeuroVive's primary mission is to develop drugs which protect nerve cells. The company is currently conducting clinical trials in humans with the product NeuroSTAT®. In addition to introducing NeuroSTAT® as the first cyclophilin-D-inhibiting mitochondrial protectant, NeuroVive is researching and developing variants of cyclophilin-inhibiting cyclosporines and new ways of transporting these drugs across the blood-brain barrier to the central nervous system.

NeuroVive Pharmaceutical AB shares are listed on the Swedish trading platform AktieTorget (www.aktietorget.se). The AktieTorget market is focused on emerging, entrepreneurial businesses and offers an electronic trading system supplied by the OMX Nordic stock exchange in Stockholm, Sweden.

Eskil Elmér, MD, PhD
CEO and CSO,
Neurovive Pharmaceutical AB
Biomedical Center, BMC D10
SE-221 84 Lund, Sweden

Tel.: +46 (0)733-919601
eskil.elmer@neurovive.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

PLANO, Texas, Nov. 5 /PRNewswire/ -- Superior Global Software, LLC a wholly owned subsidiary of Superior Global Solutions, Inc. a leader in healthcare outsourcing, today announced that it has completed its acquisition of the assets and business of HTI Technologies, Inc., a developer and provider of medical documentation and workflow management software based in Marietta, Georgia. HTI boasts a prestigious slate of many of the top healthcare clients across the US. Under the terms of the agreement, Superior Global purchased substantially all of the assets of HTI for an undisclosed sum.

"HTI's team complements our existing solutions and will enable us to serve our customers with our own documentation and workflow management software applications necessary for our suite of service offerings of transcription, speech recognition editing, coding and data analytic applications," said Steve Dunkle, Vice President of Superior Global. "This acquisition is paramount to the service offerings we believe we need to provide to our existing and future clients. It also benefits other healthcare stake holders who are looking for a company to assist them in their revenue cycle management. This will allow us to create a more powerful set of offerings, to lower costs and provide additional services, and technologies that will improve the operations of all healthcare entities."

The HTI business and employees are now part of Superior Global. Superior Global now has one of the largest medical transcription bases in the country and with this acquisition Superior Global will leverage HTI's excellent reputation in a segment of the marketplace not currently served by Superior Global and will leverage Superior Global's infrastructure to better serve HTI's existing clients and the new clients of the combined companies.

"The relationships with our employees and our clients were the most important part of making the decision to join forces with Superior," states Jeff Tindall, President and CEO of HTI. "It is exciting to now be part of a larger company that provides more services to our clients while also enhancing the opportunities to our employees. This will directly impact our client's ability to manage their workflow and receive data reporting required to better manager their revenue cycle. We look forward to our combined future growth by offering our dynamic applications to our new and existing clients." Tindall will assume the role with Superior Global as the Director of Software Development.

Superior Global Solutions, Inc. is a nationwide supplier of technology and outsourced services for the medical documentation and coding industries. Our sophisticated technology streamlines the transcription and coding processes and identifies clinically relevant information from medical records, allowing our clients to reduce costs and better manage their revenue cycles. Superior Global's people and technology work closely together to deliver the highest-quality healthcare documentation, coding and document analysis solutions possible. The Company's array of services include everything needed to securely receive, create, analyze, and distribute electronic documentation in a manner required by today's forward looking healthcare providers. Superior Global, providing clinical information from the point of care across the enterprise. Learn more at www.superiorglobal.com.

    Contact:
    Stephen Dunkle
    Superior Global Solutions, Inc.
    972-526-1917

SOURCE Superior Global Solutions, Inc.