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- VENDEK SYSTEMS AND MOREMAGIC SOLUTIONS OFFER INTERNATIONAL RECHARGE OF MOBILE PHONES

June 16, 2008 - VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or "The Company"), a leading provider of automated transaction systems software, is pleased to announce that it has signed a distribution agreement with MoreMagic Solutions Inc. ("More Magic") a global provider of International and Roaming Recharge Solutions.

Customers in Canada will now be able to purchase mobile phone top ups (recharge) from international wireless carriers allowing them to add value to the mobile phones of family, friends or associates in the Caribbean, Latin America, Pakistan and India from VendTek retailers across Canada.

This is a new value added service for VendTek through its Now Prepay network and broadens the customer base from traditional prepaid customers for the retailers on our network. The transaction can be completed in seconds, allowing the recipient to access the value added to their mobile phone immediately.

According to a March, 2004 published report by the International Policy Coordination and Immigration ("CIC") with Research from Analysis and Research Division Canadian International Development Agency ("CIDA"), from 1980 to 2001, Canada became home to 3.9 million immigrants, or 12% of the total population, with an annual average of 180,000 arriving yearly. The source countries examined, on the basis of last permanent residence were El Salvador, Guatemala, Honduras, Nicaragua, Jamaica, Trinidad & Tobago, Barbados, Grenada, Cuba, Dominican Republic, Haiti, Mexico, Guyana and Colombia. Between 1980 and 2001, immigrant flows including refugees, from these 14 countries totaled 369,641 persons.

"Customers throughout Canada are now able to recharge their friends and families mobile phone, choosing from a broad list of mobile operators that use MoreMagic MTopUp solution around the world, at the VendTek Now Prepay network locations," said Pankaj Gulati, Chairman and Chief Executive Officer, MoreMagic Solutions. "The first call the customer will receive is likely to be a thank-you call, as the credit becomes immediately available to their friend or family member back home. In addition, with prepaid roaming now available, roamers from international locations can recharge their prepaid accounts at any of the Now Prepay locations."

"We are very pleased to partner with More Magic and offer their suite of international mobile phone re-charge products to our 14,000 distribution points in Canada. The retailers on our network will benefit from this new suite of products because the products will attract a broader clientele to their stores," said Doug Buchanan, President and Chief Executive Officer of VendTek.

For more information please contact Samantha Haynes at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.


About MoreMagic Solutions

With deployments in more than 30 countries worldwide, MoreMagic Solutions offers electronic payments platforms for mobile operators, content providers, distributors, and banks, enabling consumers to purchase goods and services on demand using a mobile phone or the web. MoreMagic's high-throughput payment engine and pre-packaged applications enable customers to offer new revenue-generating services, including Mobile Payments, Mobile Banking, and Mobile Money Transfers. MoreMagic also delivers its solutions in a secure, hosted, and fully managed environment to facilitate managed service business models as an alternative to system purchase. For further information please visit www.moremagic.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, 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



 
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