TORONTO, Oct. 29 /CNW/ - Privinvest Holding SAL ("Privinvest") announced
that it has acquired ownership of 2 million common shares of VendTek Systems
Inc. ("VendTek"). As a result of the acquisition, Privinvest now owns and
exercises control over 6.452 million common shares of VendTek, representing
approximately 14.33% of the issued and outstanding common shares of Vendtek.
The common shares of Vendtek were purchased by Privinvest on the TSX
Venture Exchange. Privinvest acquired the common shares for investment
purposes only. Depending on market and other conditions, Privinvest may from
time to time in the future increase or decrease its ownership, control or
direction over, or exercise its current rights to acquire, the common shares
or other securities of Vendtek, through market transactions, private
agreements or otherwise.
About Privinvest Holding SAL
Privinvest Holding SAL is a Lebanese holding company having investments
in high technology corporations in the Middle East. Privinvest is focussing on
implementing electronic distribution networks in the Middle East, Africa and
the Asian countries, and working on building up an association with VendTek
concerning those regions.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Maître MAROUN HADDAD, Privinvest Holding SAL,
Tel: 00961 3 684600, Fax: 00961 4 860614