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September 12, 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 appointed
Mr. Martin Parent as Chairman of the Board of Directors.
Mr. Parent replaces Mr. Paul Brock as Chairman. Mr.
Brock will continue to serve on the Board as a Director.
Mr. Parent is a graduate of the and
a graduate of the MBA program at the University of British
Columbia. Mr. Parent is a senior executive with over
15 years experience in the consumer packaged goods and
Wireless Telecom industries. Since 2003 he has worked
for Cadbury Adams, the largest Confectionery organization
in Canada which markets and sells gum, chocolate and
candy products, and a division of Cadbury Schweppes
PLC. In 2005 he was appointed Vice-President, Marketing
Total Confectionery and Seasonal. In July 2008 he was
appointed Vice- President of Sales for South East Asia.
Prior to Cadbury Adams, Mr. Parent was with Microcell
Solutions, a wireless communications company that launched
the first Canadian branded PCS service called FIDO.
FIDO was recognized as the #1 Brand in the PCS category
until purchased by Rogers Communications in 2004. From
2002 -2003 he was Vice-President, Fido Sales & Distribution
where he was responsible and accountable for the achievement
of a National Business Plan across all channels of distribution
and all user segments, through a team of 600 individuals.
"We thank Paul for his years of service as Chairman
of the Board. I am excited about the opportunity to
work with the team as VendTek continues to grow in North
American and international markets. I believe the recent
Board changes have added experience that will guide
VendTek through its next growth phase," stated
Mr. Parent.
For further information, please contact Samantha Haynes
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 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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