September 24, 2008 - VendTek Systems Inc. (TSX-V: VSI) (“VendTek” or “Company"), a leading provider of automated transaction systems software, is pleased to report the results of its operations for the three and nine months ended July 31, 2008.

Highlights of the Company’s third quarter results include:

• Revenues increased 16% from $28.147 million in 2007 to $32.704 million in 2008.
• Software and transaction service revenue increased 42% from $210,000 in 2007 to $299,000 in 2008.
• Earnings before income taxes increased 50% from $267,000 in 2007 to $400,000 in 2008.
• Eleven consecutive profitable quarters.

Highlights of the Company’s nine months results include:

• Revenues increased 47% from $61.827 million in 2007 to $90.582 million in 2008.
• Earnings before income taxes increased 39% from $632,000 in 2007 to $878,000 in 2008.
• Net income of $585,000 (or $0.01 per share) after recording a $293,000 tax provision.
• Increased number of terminals in Canada to 14,401.

“We are pleased that we have continued to grow our revenues quarter over quarter. Our initial roll-out into the United States has started well, although it did not add significant revenues for the quarter. We believe the prepaid industry, particularly in North America, will experience an increased rate of growth in the months to come.” said Doug Buchanan, President and Chief Executive Officer of VendTek.

 “Our growth to-date has come primarily from our established markets – Canada, UAE and China. As we see more success in our newer markets like the United States, we can expect our margins to increase,” said Nurez Khimji, Chief Financial Officer of VendTek.

Mr. Buchanan and Mr. Khimji will discuss the financial results on Thursday, September 25th, at 6:45am (PDT). Access to the conference call can be obtained by dialing 416-644-3418 or 1-800-732-9303.

The complete statements are available at www.sedar.com.

For more information or to receive the complete statements 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 Corp. and its subsidiaries are using eFresh™ software to build electronic, prepaid services networks, which enable consumers to purchase prepaid services via POS and self-serve terminals connected to a central eFresh™ server. This system creates significant value through improved efficiencies compared to the traditional distribution paradigm. eFresh™ 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.

Forward Looking Statements

In order to provide our investors with an understanding of our current results and future prospects, our communications often include written or oral forward-looking statements. This earnings announcement & MD&A and other material filed with the Canadian securities regulators contain statements that are forward-looking. These statements are made pursuant to the “safe harbor” provisions of applicable Canadian securities legislation. These statements represent the Company’s intentions, plans, expectations and beliefs and are based on our experience and our assessment of historical and future trends and the application of key assumptions relating to future events and circumstances. These statements may include, but are not limited to, comments about our objectives and priorities for 2008 and beyond, strategies and targets, expectations for our financial condition, and the outlook for our operations and external factors that may impact results, including global economies and industry trends.

Forward-looking statements require assumptions and involve risks and uncertainties related to our business and the general economic environment, many beyond our control. There is significant risk that the predictions, forecasts, conclusions or projections we make will not prove to be accurate and that our actual results will be materially different from the targets, expectations, estimates or intentions expressed in the forward-looking statements. We caution readers not to place undue reliance on our forward-looking statements.

The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic conditions in the countries in which we operate; currency fluctuations; market demand for our products and services; our ability to execute projects and deliver solutions; our ability to execute our strategic plans and to complete and integrate acquisitions; the degree of competition in the geographic and business areas in which we operate; our ability to attract and retain qualified employees and contain payroll costs; our ability to contain expenses; technological changes and research and development; the length of the sales cycle required to close larger solution contracts; availability of financial resources to carry out our strategy; our ability to protect our intellectual and intangible properties; legal claims; critical accounting estimates; the possible effects on our business of war or terrorist activities; disease or illness that affects local, national or international economies; and disruptions to public infrastructure, such as transportation, communications, power or water supply. We caution that this list is not exhaustive of all possible factors.

Other factors could adversely affect our results.

When relying on forward-looking statements to make decisions with respect to the Company, investors should carefully consider these factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. Unless required by law, we do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the company or on its behalf.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.