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June 25, 2008 - VendTek Systems Inc. (TSX-V:
VSI) ("VendTek" or "The Company"),
a leading provider of automated transaction systems
software, is pleased to announce that its partner in
Beijing, Wanbosi Communication Co. Ltd. ("Wanbosi"),
together with Future Section Information IT (Beijing)
Ltd. Co. ("FSI") has won the bid to become
the sole electronic product distribution operator in
Terminal 3, the new airport terminal at Beijing Capital
International Airport ("BCIA").
As one of the most important construction projects for
the Beijing 2008 Olympic Games, BCIA Terminal 3 will
begin operations in two stages on February 29th, 2008
and March 26th, 2008 respectively.
Beijing Capital is today the busiest airport in the
People's Republic of China, having registered double-digit
growth annually since 2003. In 2004, it became the busiest
airport in Asia by aircraft movements, overtaking Tokyo
International Airport (Haneda). In terms of passengers,
Beijing was the second-busiest airport in Asia after
Haneda and ninth-busiest worldwide in 2006. In 2006,
it served about 48.5 million passengers. It operates
around 1,100 flights a day, and is expected to rise
to 1,500 to 1,600 at the Olympics in 2008.
FSI has been contracted to provide the self-serve kiosks.
Wanbosi will provide electronic card distribution services
on self-serve kiosks. BCIA will deploy 36 self-serve
kiosks in Terminal 3. The kiosks will use the eFresh™
OCX module which connects to a central eFresh™
server via GPRS. The service is expected to launch on
April 15.
Doug Buchanan, president of VendTek said, "We are
excited that eFresh™ has been recognized as the
superior product to deliver electronic products and
services to the busiest airport in China. Our technology
has the ability to be scalable and versatile enough
to handle the volume of transactions demanded by customers
in Terminal 3."
For more information regarding Wanbosi, please visit
the company's website www.easycard.cc
For further information, please contact Samantha Haynes
at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.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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