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- VENDTEK ANNOUNCES MANAGEMENT CHANGES

June 26, 2006 - VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or the "Company"), a leading developer of software for the prepaid service distribution industry, announces the resignation of Mr. Paul Brock as President and CEO of the Company. Mr. Brock is leaving for personal reasons but will continue to act in the capacity of Chairman of the Board and to assist the transition to the new CEO.

Doug Buchanan, currently the President and CEO of VendTek's wholly owned subsidiary Now Prepay Corp., has been nominated and has accepted the position of President and CEO of VendTek. Doug is one of the original founders of VendTek and has been instrumental in the company's success. Doug is responsible for the growth of Now Prepay Corp. and has built a retail network of more than 9,000 customer locations in Canada. Doug will use his experience to develop a strategy for the ongoing growth of Now Prepay and VendTek by managing both companies through a cohesive strategy. Doug holds an MBA degree from Simon Fraser University a Bachelor of Applied Science degree from the University of British Columbia and a Diploma of Technology from the British Columbia Institute of Technology.

The Board of Directors extends its gratitude to Mr. Brock for his many years of service to the Company and for building the Company to its present state. Mr. Brock's vision for a software and licensing based business enabled the creation of Now Prepay and under his leadership eFresh™ entered foreign markets and new customers were added.

"I have enjoyed many great years with VendTek and I am very proud of what has been accomplished. I thank all those who have supported me and the Company and look forward to continuing to support the Company with them." said Mr. Brock. "The Company's profitability and revenue growth make it one of the more exciting investment opportunities for investors in Canada. VendTek is in very good shape and should continue building value indefinitely. I know I leave VendTek in capable and good hands."

For more information, or to receive news and updates as they become available, please contact Samantha Haynes at 604.805.4653.

 

About VendTek and Now Prepay (www.vendteksys.com / www.nowprepay.com)

VendTek Systems Inc. develops and licenses eFresh™ software and related technologies, which provides 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 since it is completely electronic and eliminates physical cards and vouchers.

This release contains forward-looking statements within the meaning of the "safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company assumes no obligation to update any forward-looking information contained in this news release.

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

 
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