| Vancouver, BC,
September 17, 2007 -VendTek Systems Inc. (TSX-V:
VSI) (“VendTek” or “The Company"),
a leading provider of software for prepaid service distribution,
is pleased to announce that transactions on the Company’s
network in the United States have begun.
VendTek announced an agreement in December with The
Brennes-Jones Group Inc., an Independent Sales Organization
that provides payment processing throughout the United
States and Puerto Rico. VendTek and Brennes-Jones have
begun the rollout of the network in the United States
and transactions have started.
“We have planned our expansion into the United
States for some time and we are extremely pleased to
announce that transactions have started. Between the
Brennes-Jones Group and our license agreement with NetworkIP
we look forward to expanding throughout the U.S.”
said Doug Buchanan, CEO of VendTek Systems Inc.
For more information please contact Samantha Haynes
at (800) 806-4958 or (604) 805.4653 or via e-mail shaynes@vendteksys.com.
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's
customers and its subsidiary, VendTek Systems Technologies
(in China), are using 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
website www.vendteksys.com
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy
of this release.
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