VANCOUVER, Sept. 12, 2012 /CNW/ - VendTek Systems Inc (TSX-V:VSI) (the
"Company" or VendTek"), a developer and licensor of software for the
global pre-paid and financial services markets, is pleased to announce
that it has retained NATIONAL Public Relations ("NATIONAL") to conduct
an investor relations program on behalf of the Company.
Headed by Peter Block, Partner and Financial Communication Practice
Lead, NATIONAL will assist the Company in its outreach and
communication to a broad range of stakeholders, including investors,
analysts and media. With offices across Canada in key financial
markets, NATIONAL has expertise in financial and corporate
communication, public affairs, marketing and technology.
"We are looking forward to working with NATIONAL," said Doug Buchanan,
President and Chief Executive Officer of VendTek. "NATIONAL has the
experience, expertise and presence to help VendTek reach investors and
media across the country in our efforts to broaden our investor base."
"VendTek has a great story and is working with world-class partners,"
said Peter Block, Partner and Financial Communication Practice Lead at
NATIONAL. "We are thrilled to be able to help the Company tell that
story so the markets hear what VendTek has to say."
Pursuant to an agreement dated August 24, 2012 between the Company and
NATIONAL, the Company will pay NATIONAL a monthly fee of C$6,000
beginning September 1, 2012, cancelable upon 30 days' notice in writing
at any time. The Company will also reimburse NATIONAL for expenses
incurred in performing its services to the Company.
NATIONAL does not currently have any interest, directly or indirectly,
in the Company or its securities. Neither NATIONAL nor its consultants
has any right or intent to acquire any interest, directly or
indirectly, in the Company or its securities. NATIONAL does not intend
to undertake any market making activities.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: VendTek Systems Inc
For further information:
Samantha White at 604-805-4653 or 1-800-806-4958 or firstname.lastname@example.org.