Home | About | Products | Investors | Contact Us
News
Financial Reports
Analyst Coverage
Conference Calls
 
Home > Investors > News
 
 
- VENDTEK ANNOUNCES CARREFOUR LAUNCH IN THE UNITED ARAB EMIRATES

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.



 
TSXV-VSI 1-800-806-4958 1-604-805-4653
© 2006 VendTek Systems Inc. All rights reserved.