| November 13, 2006
-VendTek Systems Inc. (TSX-V : VSI) a leading provider
of software for prepaid service distribution, announces
the granting of an aggregate of 2,400,000 incentive
stock options to directors, 800,000 of the options are
exercisable at $0.45, 800,000 are exercisable at $0.60
and 800,000 are exercisable at $0.75. The term for all
of the options is 5 years.
For further information, please contact Samantha Haynes
at 604.805.4653 or 1-800-806-4958 or shaynes@vendteksys.com.
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.
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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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