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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.
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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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