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VendTek Systems Inc. is a leading provider of automated transaction systems software. VendTek's division Now Prepay is using VendTek's
eFresh™
software in Canada and generating millions of dollars in revenues
for
VendTek. The network of more than 15,000 locations demonstrates
the
potential of VendTek's software worldwide. VendTek's software
licensing is
designed to generate sustainable recurring revenues in foreign
markets
primarily from the sale of prepaid telecommunication and financial
services.
VendTek's electronic distribution software, eFresh™
, provides electronic
infrastructure to retailers and retail distributors, allowing
them to sell
electronic products and services more efficiently. The innovative
system
eliminates the need for traditional plastic card and voucher
systems thereby
reducing inventory investment, theft and other related costs
and enables
retailers to expand product offerings. For consumers, it provides
a secure,
convenient means of purchasing prepaid services at point-of-sale
terminals
and self-serve kiosks connected to a central eFresh™
server.
eFresh™ can do more; the software can provide activation
and reloading of
gift cards and prepaid credit cards. Distribution of prepaid
gaming,
entertainment, money transfer and utilities products are all
viable for
distribution using eFresh™ . They all present major
markets for VendTek's
product offering.
VendTek's division Now Prepay uses eFresh™ and has the
largest electronic
prepaid services network in Canada with over 15,000 Canadian
merchant
locations. This is creating significant value for VendTek,
proving the
commercial viability of the company's product and allowing
the company to
establish itself as a leader in electronic distribution technologies. |
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