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World IT News

• Versatile's Kiosks Generate More Than $2 Billion of Credit Facilities for RetailersHARRISBURG, PENNSYLVANIA--(Marketwire - Aug. 21, 2008) - All amounts are expressed in U.S. dollars unless otherwise stated. Versatile Systems Inc. (TSX VENTURE:VV)(AIM:VVS), announces that Versatile's Rockland and Madison Kiosks which have been deployed by retailers have generated more than $2 Billion of credit facilities since inception for 512,243 customers. Versatile's Rockland and Madison Kiosks give retailers the ability to provide their customers with a quick and confidential means of obtaining an instant line of credit within their store from the retailer's banking partners, which include CitiFinancial, GE Money, HSBC and Wells Fargo.
• PayChest Inc. Announces Delay of Record Date for Spin offVANCOUVER, BC--(Marketwire - August 20, 2008) - PayChest Inc. (Arizona) ( PINKSHEETS : PYCT )announced that due to unforeseen circumstances, a new record date for theSpin off will be announced shortly. The company is also in the process of changing the name of the parentcompany, CUSIP number and stock symbol. The company reaffirms its ongoingcommitment that it will not implement a reverse split and confirmsPayChest's current outstanding stock position is 19.85 billion shares.
• Upcoming Game Shattered Horizon(TM) Joins "NVIDIA(R): The Way It's Meant To Be Played(TM)" ProgramFuturemark Games Studio Showcases Shattered Horizon as a NVIDIA: TWIMTBP Title at NVISION08
• CompanionLink Software Introduces Lotus Notes to iPhone Synchronization SoftwareThe Software, Called iClink, Allows Two-Way Wireless Synchronization Between the Apple iPhone and IBM Lotus Notes
• iLOOKABOUT Corp. Announces Second Quarter ResultsLONDON, ONTARIO--(Marketwire - Aug. 20, 2008) - iLOOKABOUT Corp. ("iLOOKABOUT" or "the Company") (TSX VENTURE:ILA) announced the release of its second quarter results. The Company reported revenue of $185,730 and $366,433 for the three months and six months ended June 30, 2008, respectively. To assist in forecasting future financial resources, the Company monitors revenue backlog. The Company defines revenue backlog as the estimated revenue attributable to the uncompleted portion of signed sales agreements for which future collection is probable, selling price is fixed and determinable, and there is no reason to believe that the Company will be unable to deliver the contracted service. To the extent revenue derived from these sales agreements is recognized in future periods for financial reporting purposes, this recognized revenue amount is then removed from the revenue backlog. The revenue backlog does not include that portion of revenue associated with sales agreements extending b