Vancouver, BC, February 16, 2006 - VendTek Systems Inc. (TSXV: VSI) ("VendTek" or "The Company"), a leading provider of software for prepaid service distribution, is pleased to announce the Company's audited financial statements for the year ended October 31, 2005. VendTek realized record revenues of $38,354,035 for the year ended October 31, 2004 and net loss decreased by 72% from ($1,308,700) to ($365,501).

Key highlights of VendTek's fiscal 2005 year-end results include:

• Revenue growth of 77% during 2005; 2004's revenue growth was 88%.
• The consolidated gross profit for 2005 increased approximately 100% to $1,547,445 compared to $771,840 in 2004.
• G&A expenses were $1,504,720 or 4% of revenues during 2005 compared to approximately 7% of revenues in 2004.
• Net loss decreased by 72% for the year ended 2005.
• Net loss per share for fiscal 2005 decreased by 75% to ($0.01) compared to ($0.04) for fiscal 2004.

About VendTek

VendTek develops and licenses automated transaction system software and supporting technologies that improve the efficiency of product delivery, reduce costs to clients and offer superior safety measures. 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 by completely eliminating physical cards and vouchers. For further information please visit the Company's websites www.vendteksys.com and www.nowprepay.com.