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March 4, 2008 - VendTek Systems Inc. (TSXV:
VSI) ("VendTek" or "The Company"),
a leading provider of automated transaction systems
software, is pleased to announce that launch of its
e-Fresh™ solution by Carrefour United Arab Emirates
(U.A.E.) in the U.A.E.
Carrefour is the largest retailer in Europe and the
second largest retailer in the world. They have four
leading formats of business: hypermarket, supermarket,
hard discount and convenience stores. Consolidated sales
including VAT are € 93.614 billion and they have
436,000 employees.
Carrefour will be distributing prepaid products from
VendTek's partner, One Prepay, using e-Fresh™ software.
This project complements the ongoing deployment of e-Fresh™ terminals in the U.A.E. by One Prepay in other retail
outlets.
Doug Buchanan, Chief Executive Officer of VendTek Systems
Inc., said, "We have been working with our partner
and Carrefour to ensure the launch of transactions in
their retail stores is smooth. We are pleased to announce
that transactions in two of their superstores in the
United Arab Emirates have begun. We expect the rollout
of additional stores to happen in the weeks to come.
Our business in the U.A.E. is progressing well with
about 120,000 transactions per day before the launch
with Carrefour."
For further information about VendTek and Now Prepay
please contact Samantha Haynes at 1.800.806.4958 or
604.805.4653 or shaynes@vendteksys.com.
For more information about Carrefour please visit their
website at www.carrefouruae.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 division, Now Prepay Corp. and its
subsidiaries 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
websites www.vendteksys.com and www.nowprepay.com.
This release contains forward-looking statements
within the meaning of the "safe harbor'' provisions
of the U.S. Private Securities Litigation Reform Act
of 1995. These statements are based on management's
current expectations and beliefs and are subject to
a number of risks and uncertainties that could cause
actual results to differ materially from those described
in the forward-looking statements. The Company assumes
no obligation to update any forward-looking information
contained in this news release.
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy
of this release.
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