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
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