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April 26 2006 - VendTek Systems Inc. (TSX-V:
VSI) ("VendTek" or "The Company"),
a leading provider of software for prepaid service distribution,
is pleased to announce that Thomas Powers has joined
VendTek's wholly owned subsidiary Now Prepay Corp. ("Now
Prepay") as Vice president Sales, Retail Channels.
Mr. Powers has more than 19 years of industry experience.
Prior to joining the Company Mr. Powers held a number
of senior management positions including General Manager
with National Mobile a BCE company; Retail Operations
Manager with National Cellular (now called National
Wireless) and Director of Business Development with
Wireless Freedom Inc. Mr. Powers was strategically driving
the business in retail and distribution channels. As
VP Sales he will be working with channel partners developing
the Now Prepay portfolio in Canada and the US.
"Thomas adds additional depth to our management
team which we can leverage to allow us to continue growing
at a tremendous rate. He also brings valuable experience
which we expect will enhance our competitiveness and
dealings with the retail channels. Thomas is and will
remain based on Ontario enhancing our presence there"
Said Doug Buchanan, CEO, Now Prepay Corp.
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 Systems Inc. develops and licenses eFresh™
software and related technologies, which provide 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 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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