Home | About | Products | Investors | Contact Us
News
Financial Reports
Analyst Coverage
Conference Calls
 
Home > Investors > News
 
 
- VENDTEK GRANTS OPTIONS TO DIRECTORS

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.

 

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.