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September 11, 2008 - VendTek Systems Inc. (TSX-V:
VSI) ("VendTek" or the "Company"),
a leading provider of automated transaction systems
software, is pleased to announce that it has been awarded
a five year contract with Imperial Oil to provide its
Esso On the Run convenience stores prepaid products
and services.
VendTek will continue to manage the prepaid category
for the On the Run convenience stores after the Company's
current contract expires in October 2008. VendTek was
previously recognized by Esso's Supplier Excellence
Program in 2006.
Doug Buchanan, President and Chief Executive Officer
of VendTek said, "We are extremely pleased that
we have been awarded this contract. We believe that
our strong working relationship and our superior technology
contributed to the success of our bid for Imperial Oil's
business."
For further information, please contact Samantha Haynes
at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.
About Imperial Oil
Imperial Oil is one of Canada's largest corporations
and a leading member of the country's petroleum industry.
It is one of the country's largest producers of crude
oil and natural gas, is the largest petroleum refiner,
and has a leading market share in petroleum products
sold through a coast-to-coast supply network that includes
about 1,900 service stations. For further information
please visit the Company's website www.imperialoil.com
About VendTek
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 and its division, Now Prepay, and its subsidiaries
are using e-Fresh™ software to build electronic,
prepaid services networks, which enable consumers to
purchase prepaid services via POS and self-serve terminals
connected to a central e-Fresh™ server. This system
creates significant value through improved efficiencies
compared to the traditional distribution paradigm. e-Fresh™
reduces shrinkage and inventory requirements while improving
consumer access to prepaid services by completely eliminating
physical cards and vouchers. For further information
please visit the Company's websites www.vendteksys.com
and www.nowprepay.com.
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy
of this release.
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