VANCOUVER - October 30, 2015 - VendTek Systems Inc. (VSI - TSX Venture) (the 'Company'), announced today that it has received a request for voluntary foreclosure by its secured creditor, F3 Capital Partners Ltd. ('F3 Capital'), with respect to the previously announced demand for payment by F3 Capital in the amount of $1,375,932 (being payment in full for its outstanding debt, plus interest accrued thereon).

As the Company does not currently have sufficient cash on hand to make payment in full in respect of the demand, and does not expect to be able to raise sufficient capital in the short term to make payment in full by the deadline noted in F3 Capital's initial demand, the board of directors of the Company believes it is in the best interests of the Company to proceed with the voluntary foreclosure and has agreed to the voluntary foreclosure proceeding. Garth Albright and Martin Parent subsequently resigned from the Company's board of directors

Felipe Ayres, the Chief Executive Officer and a director of the Company, has recused himself from considerations and discussions relating to the voluntary foreclosure due to his relationship with F3 Capital.

About VendTek

VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers and its subsidiaries 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 website www.vendteksystems.com

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

investment@vendteksystems.com

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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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