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Vendtek Systems Announces Agreement with Koodo


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2012-12-19 20:34:50 -

Vancouver, British Columbia CANADA, December 19, 2012 /FSC/ - VendTek Systems Inc. (VSI - TSX Venture), ("VendTek" or the "Company"), a developer and licensor of software for the global prepaid and financial services markets, today announced that it has signed an agreement with Koodo to provide top-up pins to Koodo prepaid customers. Now, Koodo customers can conveniently reload their prepaid phones at any one of VendTek's 15,000 locations across Canada.

"Since launching Koodo as Canada's back to basics wireless company, we have focused on providing customer focused, smart and simple mobile service alternatives," said Kevin Banderk, Chief Koodo Officer. "This partnership with VendTek provides us another innovative way to offer Canadians the country's best and number one most recommended mobile

service to prepaid customers."

"We're very excited to offer Koodo prepaid top-up pins at our Now Prepay locations across Canada, creating even more convenience for Koodo customers to top up their prepaid phone plans," said Doug Buchanan, CEO of VendTek. "Koodo is one of the leading wireless brands in Canada and is offering an ever expanding portfolio of smart phones and services and we're happy to be [one of] the first distribution networks to partner with them."

For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com .

About VendTek

VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers, subsidiaries and its Now Prepay division use e-Fresh(tm) 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(tm) 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.

To view this press release as a webpage, please click on the following link:
www.usetdas.com/pr/vendtekdec192012.htm


Source: VendTek Systems Inc. (TSX-V VSI) www.vendteksys.com
Maximum News Dissemination by FSCwire. www.fscwire.com


Author:
Fred Gautreau
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Web: www.fscwire.com
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