Vancouver, BC, May 4, 2007 -VendTek Systems Inc. (TSXV: VSI) (“VendTek” or “The Company"), a leading provider of software for prepaid service distribution, is pleased to announce that the Company has entered into a definitive agreement to acquire Go Prepaid Inc. a private company based in Toronto, Ontario. Go Prepaid specializes in the distribution of prepaid telecom products and has been a distribution partner of Vendtek’s since 1999.

Go Prepaid’s earnings before interest, depreciation, amortization and taxes (EBITDA) for the year ended June 30, 2006, were about $165,000. The purchase price is $750,000 in cash and 721,542 Vendtek shares for all issued and outstanding shares of Go Prepaid. The total consideration is $1.392 million.

George DeMarchi, principal of Go Prepaid, stated: “We have been working successfully with Vendtek over the last few years. I am excited about our future as a part of Vendtek.”

By combining the companies’ resources and domain expertise, Vendtek is now positioned to increase market penetration in the Canadian market.

“We are continuing to broaden our market presence in the Canadian prepaid market. The acquisition will bring a strong customer base with an additional 300 sites and experience in the prepaid industry,” says Doug Buchanan, Chief Executive Officer of Vendtek. “We are very pleased to have the Go Prepaid staff join our team and look forward to continued success.”

The acquisition is expected to close on May 7, 2007.

For more information please contact Samantha Haynes at 1-800-806-4958 or 604-805-4653 or via e-mail shaynes@vendteksys.com.



About Go Prepaid

Go Prepaid was established in 1994 when the company partnered with Bell Canada to build a vending distribution channel in Ontario and Quebec for the launch of the Hello! Long Distance Prepaid product. The company built a distribution network catering to the traveling public that included the Toronto, Montreal and Ottawa airports as well as bus terminals, shopping centres, train stations and public venues such as sporting arenas. The company subsequently partnered with BC TEL to establish a distribution network, encompassing both vending and retail sales channels. BC TEL's merger with Telus expanded this relationship into Alberta, and now, with Telus national reach, Go Prepaid is positioned to provide prepaid solutions coast to coast.

Today, Go Prepaid provides a comprehensive portfolio of prepaid solutions. From its origins with Prepaid Long Distance cards, the product portfolio has expanded to include Prepaid Payphone, Prepaid Wireless and now a new convergent card that integrates Prepaid Internet, Voicemail and Long Distance services. Go Prepaid also works with partners for customized products in support of special programs and events.

About VendTek

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 uses e-Fresh™ software to build electronic, prepaid services networks, which enable consumers to purchase prepaid services via POS and self-serve terminals connected to a central e-Fresh™ server. This system creates significant value through improved efficiencies compared to the traditional distribution paradigm. e-Fresh™ 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.