VENDTEK SYSTEMS ANNOUNCES CUSTOMER CONTRACT IN BRAZIL

VANCOUVER, April 6 /CNW/ - VendTek Systems Inc. (TSX-V - VSI) (the "Company" or "VendTek"), a developer and licensor of software for the global prepaid and financial services markets, is pleased to announce that its wholly owned subsidiary in Brazil, Now Prepay Servicos de Informatica Ltda., has signed an agreement with credit and debit processor to provide electronic mobile recharge services to the processor's merchant network (approximately 3,000 distribution points).

The two companies plan to integrate their systems to allow mobile recharge transactions. The project should be launched in the fiscal fourth quarter of 2011.

Mr. Doug Buchanan, President and Chief Executive Officer of VendTek, says the Company is extremely pleased that Now Prepay Brazil has been chosen to provide electronic mobile recharge services.

"This is our first noteworthy customer win in Brazil," continued Mr. Buchanan.  "Adding three thousand locations to our network without the corresponding fixed asset costs is significant. We believe this contract will accelerate our market penetration in Brazil after the integrations are completed."

About VendTek

VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers, subsidiaries and its Now Prepay division use e-Fresh™ software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and self-serve terminals connected to a central server. This system creates significant value through improved efficiencies compared to a traditional distribution model. e-Fresh™ reduces shrinkage and inventory requirements for vendors while improving consumer access to prepaid products and services by completely eliminating physical cards and vouchers. VendTek has deployed its software around the world including Canada, United States, Asia, the Middle East and Africa. For further information please visit the Company's websites www.vendteksystems.com and www.nowprepay.com.

Forward-Looking Information

This news release contains forward-looking statements that are subject to risks and uncertainties that may cause actual results or events to differ materially from the results or events predicted in this release, including those comments predicting the level of inventory overstatement and its material impact on the financial statements.  Although we believe that the forward-looking statements contained herein are reasonable, we can give no assurance that our expectations are correct and that the results, performance or achievements expressed in, or implied by, forward-looking statements within this disclosure will occur.  All forward-looking statements are expressly qualified in their entirety by this cautionary statement.

SOURCE VendTek Systems Inc.

For further information:

Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.

Profil de l'entreprise

VendTek Systems Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.