TSX Venture Exchange: VSI
VANCOUVER, Dec. 20 /CNW/ - VendTek Systems Inc. (VSI - TSX Venture) (the
"Company"), a developer and licensor of software for the global prepaid
and financial services markets, is pleased to announce that it has
signed a partnership agreement with Software Express, an integration
hub for Brazil's main mobile telephone operators.
The agreement with Software Express represents the first step for
VendTek to launch wireless prepaid in Brazil. VendTek has
substantially completed the process of integrating its e-Fresh™
software with Software Express.
The market for prepaid growth in Brazil is expected to expand
significantly, growing from $1.7 billion in 2009, to more than $17
billion in 2017.1
"Our integration with Software Express has been supported by the major
telecom companies in Brazil. We are pleased to partner with Software
Express, an integral part of the telecommunications industry in
Brazil." said Doug Buchanan, President and Chief Executive Officer of
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, 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 e-Fresh™ 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: For further information:
Samantha White at 604-805-4653 or 1-800-806-4958 or firstname.lastname@example.org.