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June 27, 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 appointed
Jamie Bruce, a Senior Partner at Capital West Partners,
and Christopher Wallace, an Investment Principal at
Second City Capital, to its Board of Directors.
Mr. Bruce has more than 25 years of investment banking
experience having worked with Pemberton Securities,
RBC Capital Markets and TD Securities. At TD Securities,
he was head of Investment Banking and Corporate Credit
for British Columbia. Mr. Bruce has lead hundreds of
transactions to successful completion including M&A
assignments, IPO's, private equity issues, debt financings
and numerous other advisory assignments. Jamie is a
Mechanical Engineer with an MBA. He is also a Certified
Management Accountant and Chartered Business Valuator.
He serves, or has served on several non-profit and corporate
boards.
Mr. Wallace was formerly a Partner of Stirling Mercantile
Corporation, a corporate finance firm he founded. Prior
to Stirling he was COO of Canadian Maple Leaf Financial
Corporation, an independent merchant bank and has 10
years of commercial banking experience. He has served
on the boards and provided interim CFO services to several
public and private companies. Also, Mr. Wallace purchased
Tempa Glass Industries in a leveraged buyout and acted
as CEO of this innovative and successful architectural
glass manufacturing business for 5 years. Mr. Wallace
is a graduate of Queen's University with an Honours
degree in Economics.
Doug Buchanan, President and Chief Executive Officer
of VendTek said, "Jamie and Christopher are excellent
additions to our Board of Directors. Both gentlemen
have a great deal of experience with guiding private
and public companies as they grow. We look forward to
their contributions."
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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