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April 10 2006 - VendTek Systems Inc. (TSXV:
VSI) ("VendTek" or "The Company"),
a leading provider of software for prepaid service distribution,
is pleased to announce that its wholly owned subsidiary
Now Prepay Corp. ("Now Prepay") has entered
into a new agreement with Pioneer Petroleums ("Pioneer")
based in Burlington, Ontario to implement Point-of-Sale
Activation ("POSA") terminals to allow for
activation of prepaid cards by swiping them through
the POS terminals.
The new software allows for simple real-time activation
of cards by swiping the card through the POSA terminal;
it allows physical cards to be sold through the eFresh™
system along with virtual products. It will also allow
Now Prepay to add other swipe activated products as
they become available.
Now Prepay is working with Bell Canada to deliver a
set of prepaid long distance products that can be activated
at Pioneer Petroleum Snack Express sites.
Pioneer has 150 locations throughout Ontario and initially
88 Snack Express stores will have the POS activation
terminals. Together, Now Prepay and Bell Distribution
Inc will be providing terminals, new products and merchandising
display units with a view to increasing per store sales.
Now Prepay President, Doug Buchanan commented, "This
is a significant addition to our product offering as
it creates an opportunity for increased revenues from
prepaid long distance products. The concept can be applied
to other products which will follow in the future."
For more information please contact Samantha Haynes at
604.805.4653 or 1.800.806.4958 or shaynes@vendteksys.com.
About VendTek and Now Prepay
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.
About Pioneer Petroleum
Based in Burlington, Ontario, Pioneer Petroleum (www.pioneer.ca)
is Ontario's largest independent gasoline retailer.
For further information, contact the company directly
at 905-639-2060.
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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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