![]() The DEX standard was developed so that any DSD distributor can electronically send an invoice to any retailer that supports DEX. DEX allows for the electronic exchange of the delivery information to happen at the time of the delivery since that information is not known prior to delivery. Once the sales rep is finished creating the invoice on the handheld, if the sales rep’s handheld is DEX capable, it can be connected to the retailers computer and the invoice can be electronically sent across. This method of delivery allows the sales rep to get a more accurate count of what needs to be delivered. The DSD distributor creates the invoice at the retailer once they see how much product is remaining on the shelf. All rights reserved.Most DSD distributors have a handheld computer that is used to create or edit invoices at the time of delivery. ![]() The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this 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. In addition, these forward-looking statements relate to the date on which they are made. Consequently, readers should not place any undue reliance on such forward-looking statements. 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. ![]() ![]() These statements, which include statements regarding development risk mitigation, chain certification, and market opportunity, are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond Versatile's control. 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. For more information please visit Forward-Looking Statements The company's products are utilized by Fortune 500 retailers, as well as large and small distribution companies representing grocery, dairy, beverage and consumer packaged goods. Versatile is a multi-disciplinary technology company with solutions across the mobile software and hardware landscape. "The fact that we have already received certification with our Windows Mobile product means that our clients can be assured Versatile DEX for Android should also receive certification." "Chain certification is one of the most critical hurdles any software developer faces when writing DEX applications," says Lynch. As a result, Mobiquity DEX is certified with many major retail chains in the country. Versatile has deployed their Windows Mobile product, Mobiquity DEX, to tens of thousands of mobile devices over the years. Versatile Systems' believes its long history of DEX development mitigates that risk. Unfortunately, there is no uniform implementation of the DEX protocols within the community of chain store retailers. Each store requires certification to ensure the vendor's system complies with that chain's DEX implementation. The risk comes in the form of DEX certification by the chain stores that require DEX. However, the opportunity is not without risk for inexperienced developers. This represents a growth opportunity for software companies who provide DEX solutions. The potential to lower the cost of entry means that a much wider range of food and beverage distributors will be able to put DEX into the hands of their delivery drivers. Offering Versatile DEX on Android has the potential to significantly reduce that entry barrier." "Unfortunately, the traditionally high cost of DEX equipment and software has been a huge barrier to the smaller manufacturers and distributors. "The ability to DEX is a requirement most chain store retailers place on their distributors," said Andrew Lynch, President. DEX, an acronym for Direct EXchange, is an EDI protocol that allows grocery distributors to deliver digital invoices at the retailer's loading dock using a handheld computer and a specialized communication cable or Bluetooth receiver. (TSX VENTURE:VV) announced the release of Versatile DEX for the Android operating system. SEATTLE, WASHINGTON-(Marketwired - Jun 16, 2016) - Versatile Systems Inc.
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