VersaPay Grants Stock Options

VANCOUVER, April 1 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a provider of merchant credit, debit, gift and loyalty card payment processing solutions, today announced that it has granted incentive stock options to Wendy Porter, a Director of the Company, to purchase 68,000 common shares in the capital stock of the Company pursuant to the Company's approved share option plan. The options are exercisable at a price of $1.36 per share on or before August 24, 2012, subject to the approval of the TSX Venture Exchange.

About VersaPay

VersaPay's proprietary technology enables businesses and consumers across Canada to accept and process credit, debit and gift card transactions. As a payment services and financial technology company serving over 3,000 Canadian businesses, VersaPay, in conjunction with its partners, provides the hardware, technology, infrastructure and support services that businesses of all types require to accept and process electronic payments from their consumers and clients.

While its core business is payment processing services, VersaPay also provides enhanced financial technology solutions such as VersaEFT - the Company's proprietary Electronic Bill Presentment and Payment solution - which enables merchants and consumers to easily transact with one another.

The Company was recognized by PROFIT Magazine as Canada's Top Emerging Growth Company and was ranked Number 1 in Canada on the 2009 HOT 50 List. VersaPay is headquartered in Vancouver, Canada and has operations in Toronto and Montreal. To learn more about VersaPay, visit http://www.versapay.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information: Michael Gokturk, CEO, VersaPay Corporation, [email protected], [phone]; Kristen Dickson, Investor Relations, The Equicom Group, [email protected], [phone] ext. 273