| December 18,2006 -VendTek
Systems Inc. (TSX-V: VSI) ("VendTek" or "The
Company"), a leading provider of software for prepaid
service distribution, is pleased to announce the Company
has established its Now Prepay network in the United
States by signing an agreement with The Brennes-Jones
Group Inc., an Independent Sales Organization that provides
payment processing throughout the United States and
Puerto Rico.
The Brennes-Jones Group (BJG) is a Dallas-based employee-owned
ISO with Moneris Solutions/Harris Bank in Chicago as
its bank sponsor. It also has several front-end and
back-end processor relationships with Alliance Data
Systems, NOVA Information Systems, Vital Processing
Services and Global Payment Systems. The company processes
for merchants across 38 states and had sales in excess
of $300 million as of 2003.
BJG offers bankcard, T&E, debit, EBT, Pcard and
electronic gift and loyalty card processing and check
guarantee and authorization. It also offers terminals,
wireless communications, IPOS, PC and Internet-based
solutions.
The company focuses on selling these services to medium-
to large-sized merchants that are mostly in the retail,
petroleum, grocery and hospitality industries. BJG has
several key POS VAR relationships which provide an even
broader customer base. The majority of its merchants
are located in the western states-with the heaviest
concentration in Texas and California.
Rick Brennes, President of The Brennes-Jones Group said
"We selected Now Prepay as a prepaid partner because
of their flexibility and quick responsiveness in bringing
new products to the market. Each geographic region has
differing product demands and Now Prepay always seems
to make them available in a timely manner. Their support
meets our expectations."
"We are beginning our expansion into the United
States market. The Brennes-Jones Group is a tremendous
company for VendTek to launch the Now Prepay network
through based on their relationships and merchant processing
capabilities." Said Doug Buchanan, President of
VendTek Systems Inc.
For further information, please contact Samantha Haynes
at 604.805.4653 or 1-800-806-4958.
About VendTek and Now Prepay (www.vendteksys.com
/ www.nowprepay.com)
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.
| The TSX Venture Exchange
has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release. |
|