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April 6, 2006 - VendTek Systems Inc. (TSX-V:
VSI) ("VendTek" or "The Company"),
a leading provider of software for prepaid service distribution,
announces 3,317,100 warrants priced at $0.20 with an
expiry date of March 25, 2006 were exercised for total
proceeds of $663,420.00.
Proceeds of the warrants are for general working capital.
VendTek has 37,483,596 shares issued after the exercise
of the March 25, 2006 warrants.
VendTek has an additional 3,445,845 warrants that expire
on April 11, 2006. The Company will issue a news release
with the result of those warrants after the expiry date.
For more information please contact Samantha Haynes at
604.805.4653 or 1.800.806.4958 or shaynes@vendteksys.com.
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.
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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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