VersaCOM International, Inc. Form 10K to be Available In Time to Meet SEC Filing Guidelines

Business Wire, July 11, 2001

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--July 11, 2001

VersaCOM Announces Appointment of New Accounting Firm and

New Legal Representation

VersaCOM International, Inc. (OTCBB:VERCE) announced today that it will meet the Security and Exchange Commission's (SEC) guidelines for filing the required Form 10K, thus removing the letter "e" that was placed on its symbol yesterday. The cause for the delay is attributable to VersaCOM appointing the firm of Kaufman and Rossin to be its accounting firm of record as well as selecting the legal firm of Adorno and Zeder to represent the firm in all legal matters.

"The delay in filing the required SEC documents is solely a result of the additional time required by our new accountants and attorneys to review the financial and legal information provided to them by VersaCOM. The review will be completed soon and documents will be filled within 21 days," stated Fred Schwartz, CEO and President of VersaCOM.

For Adorno and Zeder, J.B. Grossman and Greg St. John, both shareholders in the law firm, will be responsible for all legal matters that may arise. Mr. Grossman has practiced law for nearly 30 years, specializing in securities, commodity futures and financial law, partnerships and limited liability matters. Prior to joining Adorno and Zeder, Mr. Grossman was the senior partner in a Fort Lauderdale firm bearing his name and a Special Counsel to the New York Stock Exchange and Trial Attorney with the Division of Enforcement for Commodities Futures Trading Commission. He has had a variety of other experience in financial aspects of the law and has been associated with several leading legal firms. In addition to his duties at Adorno and Zeder, Mr. Grossman is an Adjunct Professor at Nova Southwestern Law School. Mr. Grossman received his L.L.M., Masters of Law degree from Georgetown University Law Center in 1974 and his J.D. degree in 1972 from the University of Miami School of Law.

Mr. St. John is a member of the firm's Transactions Department and has been responsible for foreign transactions. He provides sophisticated business and tax planning to U.S. companies and domestic investors in structuring foreign businesses. He is acting General Counsel to BellSouth International Wireless Services and a former General Counsel to Florida's then largest HMO. Mr. St. John received his J.D. degree from Nova University in 1977 and his L.L.M., Taxation (1984) and Ocean and Coastal Law (1979), both from the University of Miami.

For the accounting firm of Kaufman, Rossin & Company, the team are principal, Gregory M. Levy, and manager, Lizette Pena.

VersaCOM International, Inc. is a Boca Raton, Florida based full-service provider of telecommunications systems, data networks and related products and services throughout the United States. In addition to designing, distributing, installing and programming telecommunications and data systems, VersaCOM offers cabling, training, product customization and 24 x 7 customer support and maintenance. VersaCOM also markets local and long distance communications services as an authorized BellSouth partner and a reseller for Cable and Wireless. Lastly, VersaCOM's technicians and engineers provide on-site system/network administration and other technical support. VersaCOM specializes in providing voice and data solutions to companies with more than one business location. These companies have special needs for consistent, responsive services.

VersaCOM International, Inc. was incorporated in Florida in January 1999. In addition to the corporate headquarters in Boca Raton, the company has regional operations in the Baltimore-Washington metropolitan area and the New York-New Jersey metropolitan area, Winter Garden, Fla. serving Orlando and central Florida and southern Maine serving the New England states. It also employs a Vice President of Marketing in Southern California. For more information on VersaCOM International's products and services, please see their web site at: http://www.versacominc.com

Adorno and Zeder, P.A. founded in 1986 is a South Florida law firm with offices in Miami, Fort Lauderdale, Boca Raton and West Palm Beach. The firm employs over 100 legal professionals in its offices. Adorno and Zeder prides itself on the culture and diversity of the firm that allows it to be knowledgeable of local, regional, statewide issues, as well as having the capability to respond to the needs of its clients, nationally and internationally. The firm employs state-of-the-art legal and practice tools to deliver the highest quality legal services to its clients and in the most efficient manner available.

Kaufman, Rossin, & Co., one of Florida's largest independent accounting firms, maintains offices in Miami, Fort Lauderdale, and Boca Raton. It was recently named as one of the "Best of the Best" in the Bowman's Accounting Report, the definitive ranking of firms in the profession. The firm has represented South Florida businesses for nearly 40 years, serves international clients in more than two dozen countries. It offers a complete array of traditional accounting services, as well as consulting services specially tailored to the needs of its clients. With over 140 members, the firm is large enough to provide versatility, but is still able to render the personal service upon which its reputation is based.