TSX Venture Exchange: VSI
VANCOUVER, April 23, 2012 /CNW/ - VendTek Systems Inc (TSXV: VSI) (the "Company" or VendTek"), a developer and licensor of software for the global pre-paid and financial services markets announces that Nurez Khimji, the Company's Chief Financial Officer and Corporate Secretary, has resigned.
Mr. Khimji will continue to work with the Company through a transition period which will end no later than June 15, 2012. The Company has commenced a search for his replacement and will provide an update to the market when a replacement has been determined.
Senior management and the Company's Audit Committee will monitor and provide oversight of financial matters until a replacement has been found. The Company would like to thank Mr. Khimji for his service to the Company.
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.
For further information:
Samantha White at 604-805-4653 or 1-800-806-4958 or [email protected].