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- STRATEGIC PARTNER INCREASES ITS OWNERSHIP

Vancouver, BC, September 15, 2008 - VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or "The Company"), a leading provider of automated transaction systems software, is pleased to announce that Privinvest Holding SAL ("Privinvest") has acquired more than 9% of VendTek's common shares.

The Company had previously announced that it had entered into a joint venture agreement with Privinvest to license the Company's proprietary e-Fresh™ software in the Middle East and North Africa ("MENA").

The shares were purchased in the market and not issued from treasury. Privinvest is now VendTek's second largest single shareholder.

Doug Buchanan, President and Chief Executive Officer of VendTek, said, "Privinvest has witnessed the opportunities for our business firsthand in the MENA region and their recent share purchases display their confidence in our prospects for those markets. I am very proud to say that one of our largest customers is now also one of our largest shareholders."

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

 

About Privinvest Holding SAL

Privinvest Holding SAL is a Lebanese holding company having investments in high technology corporations in Europe and the Middle East. Privinvest is focussing on implementing electronic distribution networks in the Middle East, Africa and the Asian countries, and working on building up an association with VendTek concerning those regions.



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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