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| - VendTek Retains Ascenta Capital
To Provide Investor Relations And Corporate Communications
Services |
October 5, 2005 -VendTek Systems
Inc. (TSXV: VSI) ("VendTek" or "The Company"),
a leading provider of software for prepaid service distribution,
is pleased to announce that it has entered into an agreement
with Ascenta Capital ("Ascenta") of Vancouver,
BC to provide investor relations and corporate communications
services.
Ascenta is a leading provider of investor relations services
to Canadian public companies. The firm's strength is its
disciplined approach to the development and execution
of strategic, customized investor relations products and
services. Ascenta's team has over 50 years of combined
experience assisting dozens of public companies, including
everything from micro and midcap resource and technology
companies to Fortune 500 multinationals.
Paul Brock, president of VendTek Systems Inc., said, "Now
that VendTek has turned the corner into profitability
we plan on expanding the awareness of the Company and
broadening the scope of our communications. We look forward
to working with Ascenta in accomplishing this objective."
For further information, please contact Samantha Haynes
at 604.805.4653.
About VendTek and Now Prepay (
www.vendteksys.com / www.nowprepay.com)
VendTek Systems Inc. develops and licenses eFresh™
software and related technologies, which provides electronic
distribution of prepaid telecommunication and financial
services. VendTek is commercializing the eFresh™
software under license to create sustainable and recurring
revenues. VendTek's customers and its subsidiaries, Now
Prepay Corp. (in Canada) and VendTek Systems Technologies
(in China), are using eFresh™
software to build electronic, prepaid services networks
which enable consumers to purchase prepaid services via
POS and self-serve terminals connected to a central eFresh™
server. This system creates significant value through
improved efficiencies compared to the traditional distribution
paradigm. eFresh™
reduces shrinkage and inventory requirements while improving
consumer access to prepaid services since it is completely
electronic and eliminates physical cards and vouchers.
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The TSX Venture Exchange has
not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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