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 Systems.
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.
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