TSX Venture Exchange: VSI
VANCOUVER, April 12 /CNW/ - VendTek Systems Inc. (TSXV: VSI) (the
"Company"), a developer and licensor of software for the global prepaid
and financial services markets, is pleased to announce that the Company
has appointed Mr. Francois Chevallier as its new Chief Operating
Officer effective April 18th, 2011.
Prior to joining VendTek, Mr. Chevallier was the Vice-President of
Service and Distribution Systems with Rogers Communications. He has
experience in business development, strategic planning, integration of
corporate acquisitions, IT management and marketing.
Mr. Chevallier spent ten years leading various marketing, strategy,
operations and business development groups. Most notably, he started
the Futureshop.ca and Rogersplus.ca websites, developed and led a Business Intelligence program, created
and grew a photo finishing business and led the integration of
companies acquired by Rogers.
Mr. Doug Buchanan, President and Chief Executive Officer of VendTek,
says that in addition to Mr. Chevallier's experience, the Company was
particularly impressed by his strong leadership skills, focus on
accountability and common sense.
"After a thorough search process, we are excited to add Francois to our
organization," continued Mr. Buchanan. "His experience in
telecommunications - particularly wireless and business development
means he understands our customers and the facets of our supply chain."
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.
SOURCE VendTek Systems Inc.
For further information:
Samantha White at 604-805-4653 or 1-800-806-4958 or firstname.lastname@example.org