"That we were able to meet our own regulatory obligations and build a solution for others is credit to the flexibility of our business software and our development team."

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"U.S. banks should seek to become Basel II compliant as soon as possible to reap the benefits of lower capital requirements and the business benefits of reallocating the capital that Basel II compliance enables. [...] Versabanq now is hoping to share its Basel II expertise with U.S. banks."

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"...We are providing this tool at no cost to give customers a feel for the tremendous versatility and ease of use of our banking software. Many small financial institutions struggle to accommodate their customers' request for custom amortization schedules by using spreadsheets, which can be time consuming and prone to error. AMS and DMS truly are software you can bank on."

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Come meet the Versabanq team at the Federation of Canadian Independent Deposit Brokers (FCIDB) conference and tradeshow, September 30 - October 2, 2007, in Montreal.

FCIDB Conference Schedule

Versabanq AMS (Asset Management System) has seen more than five years of development and production use by Pacific and Western Bank of Canada. Now available as a separate software product, it can help small and medium-sized banks manage their complete lending portfolio (inculding term loans, leases, mortgages, and other assets).

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London's bank is getting into the software development business. "We're very excited about this. It's very rare a bank will do this kind of work."

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David Taylor, President & C.E.O. of Pacific & Western Credit Corp. (TSX:PWC), is pleased to announce that it has created a new subsidiary called Versabanq Innovations Inc. Versabanq develops, markets, sells and implements software for financial institutions, particularly banks.

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