VANCOUVER - February 20, 2015 - VendTek Systems Inc. (TSX Venture - VSI) (the "Company" or "VendTek") today announced the following changes:

  • The resignation of Gordon S. Glenn as a director effective February 17th, 2015;
  • The resignation of Douglas O. Buchanan as CEO effective, February 20th, 2015;
  • The appointment of Douglas O. Buchanan as Chairman of the Board effective February 20th, 2015;
  • The appointment of Felipe Ayres as CEO effective February 20th, 2015; and
  • The appointment of Felipe Ayres to the Board of Directors as a replacement for Mr. Glenn effective February 20th, 2015.

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™ 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™ 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.

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

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