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October 25, 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 a new agreement with Canadian Tire Petroleum to
implement Point-of-Sale ("POSA") activation
terminals and new software to allow for activation of
long distance cards by swiping them through the POS
terminals.
Now Prepay will be working with Bell Canada to deliver
a set of prepaid long distance products that can be
activated at Canadian Tire Petroleum gas bars.
VendTek and Now Prepay President, Doug Buchanan commented,
"This is a new method of selling and merchandising
long distance products for Canadian Tire Petroleum. It
simplifies and expedites the process by which customers
can activate long distance cards. We are constantly adding
new products and services to keep our customers and Now
Prepay competitive in the marketplace."
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 Canadian Tire
Canadian Tire Corporation, Limited (TSX: CTC,CTC.A)
operates more than 1,100 stores, gas bars and car washes
in an inter-related network of businesses engaged in
retail, financial services and petroleum. Canadian Tire
Petroleum is one of the country's largest and most productive
independent retailers of gasoline, operating 264 gas
bars, 250 convenience stores and kiosks, and 73 car
washes.
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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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