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April 7, 2006 - VendTek Systems Inc. (TSX-V:
VSI) ("VendTek" or "The Company"),
a leading provider of software for prepaid service distribution,
announces a correction to the news release dated April
6, 2006. The second tranche of warrants expired on April
1, 2006, not April 11, 2006 as stated in yesterday's
news release.
Of the April 1, 2006 warrants, 3,340,845 were exercised
for total proceeds of $668,169.00.
Proceeds of the warrants are for general working capital.
VendTek has 40,824,441 shares issued after the exercise
of these April 1, 2006 warrants.
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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