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- VENDTEK'S SUBSIDIARY NOW PREPAY ENTERS INTO AGREEMENT WITH GLOBAL FUELS INC.

August 23, 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 an agreement with Global Fuels Ltd. based in Ontario to implement Point-of-Sale Activation ("POSA") terminals with VendTek's new software to allow for activation of prepaid cards by swiping them through the POS terminals.

Global Fuels Inc. is a rapidly growing marketer of petroleum products in Ontario and Global Fuels has taken over operatorship of Olco branded service stations in Ontario.

Now Prepay President, Doug Buchanan commented, "We are very pleased to be working with Global Fuels. We believe their locations are ideally suited to sell prepaid products and specifically our new POSA long distance products."

For more information please contact Samantha Haynes at 1.800.806.4958 or 604.805.4653 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 Global Fuels Inc.

For further information contact the company directly at 905-304-0070.

 

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

 
TSXV-VSI 1-800-806-4958 1-604-805-4653
© 2006 VendTek Systems Inc. All rights reserved.