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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.
THE APPLICATION PROCESS
PREPAID SERVICES DELIVERED VIA RETAILERS
TO CONSUMERS...
CARD PRODUCTS ACTIVATED AND LOADED
AT RETAIL LOCATIONS...
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Global pre-pay cellular services market is $100
billion annually and growing at 30 percent per year. |
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Prepaid services have evolved into mainstream
use as major telecommunication companies seek new growth
opportunities. Today, the prepaid cellular (mobile) industry
generates global revenues of more than $100 billion per
year and is growing 30% annually.
The industry is making a rapid transition to technology-based
services. The number of POS (point of sales) terminals
in the market is enabling the introduction of new products
and services which VendTek is providing infrastructure
for. New card based applications such as prepaid credit
cards and gift cards are providing additional markets
for eFresh™ and a source of new revenues for Now
Prepay in the Canadian market.
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Number of POS terminals is expected to double within
the next 12 months. |
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| * Regional growth in
US, UAE and China. |
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Replicate Canadian strategy in U.S. market. |
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| * Continue to develop
licensing markets in Southeast Asia and the Middle
East. |
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Doug Buchanan, President & CEO |
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Peter Read, COO, Now Prepay (subsidiary) |
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Public:
1999
Traded: TSX-V: VSI
Shares Outstanding: 41.2 million
Fully diluted: 43.0 million
Launched Now Prepay: 2002 |
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Revenues:
2003: $11 million
2004: $21 million
2005: $38 million
2006: $58 million
2007: $90 million
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Headquarters:
Port Coquitlam, BC, Canada
Telephone: 1-800-806-4958
Web: www.vendteksys.com
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CDN
MKT SHARE BY # OF POS TERMINALS |
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GROSS
REVENUES AND NET INCOME |
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MILESTONES
& ACHIEVEMENTS |
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2008:
VendTek ranked number 27 among the Deloitte Technology
Fast 50
2007
May: VendTek
Acquires Go Prepaid.
2006
January:
Reached 8,000 Now Prepay merchants locations
in Canada.
February: Launched
POS terminals in China through Shanghai based partner.
March: Launched
POS terminals in UAE through Abu Dhabi based partner.
March:
Launched Prepaid credit cards in Canada with Mint Inc.
May: Reached
9,000 Now Prepay merchant locations in Canada.
October:
Formed a joint partnership in Beijing to operate a new
company called “Beijing Wanbosi Communication
Co. Ltd.”
November: Reached
10,000 Now Prepay merchant locations in Canada.
December: Established Now
Prepay network in the United States by signing an agreement
with The Brennes-Jones Group Inc.
2005
January: Reached
6,000 Now Prepay merchant locations in Canada.
May: Signed new Canadian
channel partner, Global Payments, one of the world's
leading payment processors.
June:
Reached 7,000 Now Prepay merchant locations
in Canada.
July: Achieved
first profitable quarter and ninth consecutive quarter
of revenue growth.
September:
Launched new service and license agreement in China.
October:
Achieved record annual revenues of $38
million.
November:
Now Prepay partners with Mint Technology
to establish nationwide rollout of prepaid credit cards.
2004
February: Reached
3,000 Now Prepay merchant locations in Canada.
May: Reached
4,000 Now Prepay merchant locations in Canada.
June: Licensed
eFresh to China Pay, China.
June: Licensed
eFresh to Malaysia based customer.
October:
Achieved record annual revenues of $21.4
million and reaches 5,000 sites in Canada.
November:
Licensed eFresh to United Arab Emirates based
customer.
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