Re-transmission: VersaPay Signs Referral Agreement with The INC Society

Toronto, Ontario--(Newsfile Corp. - May 8, 2014) - VersaPay Corporation (TSXV: VPY) ("VersaPay"), a leading provider of cloud-based payment solutions, announced it has entered into a referral agreement with The INC Society. Under the agreement, The INC Society will refer its members seeking new and alternative payment solutions to VersaPay.

The INC Society is a private membership community of entrepreneurs, innovators, and company founders from across Canada. Its member benefits programs are similar to those typically reserved for corporate executives and are provided by a network of partners that recognize and believe in their core mission to improve the business and everyday lives of entrepreneurs.

"The INC Society is focused on managing a best in class benefits program for Canadian entrepreneurs and VersaPay is a clear leader in multi-platform payment solutions. Their tools and technology are world class and a true value add for our benefit program," commented Mike Betts, Founder and CEO of The INC Society.

Craig O'Neill, CEO of VersaPay, added "The interest in VersaPay's payment solutions continue to increase, as demonstrated by The INC Society's decision to collaborate with us. We look forward to a productive relationship with The INC Society and its members."

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. Serving more than 2,500 customers, VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types to accept and process electronic payments. In addition, the Company's cloud-based invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay is headquartered in Toronto, Canada and has operations in Montreal and New York.

More information about VersaPay can be found at www.versapay.com.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change.

For additional information please contact:

David Chan, CFO, VersaPay Corporation
david.chan@versapay.com Telephone: (647)-258-9475