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- VENDTEK SYSTEMS COMPLETES PURCHASE OF GO PREPAID

Vancouver, BC, May 9, 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 completed its previously announced acquisition of Go Prepaid Inc. a private company based in Toronto, Ontario.

The transaction was completed in accordance with the definitive agreement announced by the Company on May 4, 2007, for total consideration of $1.392 million.

“This is a significant transaction for us. Go Prepaid, as our distribution partner, represents more than 20% of our sales in Canada,” says Doug Buchanan, Chief Executive Officer of Vendtek. “The acquisition will increase our customer service and sales capabilities. We expect to integrate Go Prepaid with our existing Canadian operations marketed under the Now Prepay brand.”

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.

 
TSXV-VSI 1-800-806-4958 1-604-805-4653
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