| November 14, 2006 -VendTek
Systems Inc. (TSX-V: VSI) a leading provider of software
for prepaid service distribution, is pleased to announce
the appointment of Mr. Martin Parent to its Board of
Directors.
Mr. Parent is a graduate of the
, BBA and a graduate of the MBA program at the University
of British Columbia. Mr. Parent is a senior executive
with over 15 years experience in the consumer packaged
goods and Wireless Telecom industries. Since 2003 he
has worked for Cadbury Adams, the largest Confectionery
organization in Canada which markets and sells gum,
chocolate and candy products, and a division of Cadbury
Schweppes PLC. In 2005 he was appointed Vice-President,
Marketing Total Confectionery and Seasonal.
Prior to Cadbury Adams, Mr. Parent was with Microcell
Solutions, a wireless communications company that launched
the first Canadian branded PCS service called FIDO.
FIDO was recognized as the #1 Brand in the PCS category
until purchased by Rogers Communications in 2004. From
2002 -2003 he was Vice-President, Fido Sales & Distribution
where he was responsible and accountable for the achievement
of a National Business Plan across all channels of distribution
and all user segments, through a team of 600 individuals.
Doug Buchanan, president of VendTek Systems said "We
are very pleased to have Mr. Parent join our board of
directors. VendTek intends to continue the trend of
strong growth demonstrated over the past four years
and with plans for expansion in the near future the
Company will benefit from the expertise that Mr. Parent
can offer the company; we look forward to his contributions."
"I am enthusiastic about the opportunity to contribute
as a board member to the future growth, future successes
and new avenues of development at VendTek Systems."
Said Martin Parent.
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. |
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