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- VENDTEK'S WHOLLY OWNED SUBSIDIARY NOW PREPAY ANNOUNCES NEW VICE PRESIDENT SALES, RETAIL CHANNELS

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.

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release


 
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