TSX Venture Exchange: VSI
VANCOUVER,
Nov. 9, 2012 /CNW/ - VendTek Systems
Inc. (VSI - TSX Venture) (the "Company"), a developer and licensor
of software for the global prepaid and financial services
markets, today announced that it has issued an aggregate of
685,185 options to certain members of its board of directors as
compensation for their services as directors of the Company
pursuant to the Company's Incentive Stock Option Plan, subject to
approval of the TSX Venture Exchange.
Each option permits the holder to acquire a
common share of the Company for $0.14. One-quarter of the options granted
to each individual vest on each of January
31, 2013, April 30, 2013,
July 31, 2013 and October 31, 2013. The options expire on
November 1, 2017.
About VendTek
VendTek is headquartered in Vancouver, British Columbia, Canada, and
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, 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 point-of-sale terminals (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.vendteksystems.com and www.nowprepay.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.
SOURCE VendTek Systems Inc.