News Release | | For Immediate Release
Contact:
Samantha White
swhite@vendteksystems.com
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| VendTek Systems and Roshan, Afghanistan's Largest Mobile Operator, Announce eFresh Agreement
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Vancouver - June 25, 2012 - VendTek Systems Inc (TSX-V - VSI) (the "Company" or VendTek"), a developer and licensor of software for the global pre-paid and financial services markets is pleased to announce that it has signed an e-Fresh license agreement with Roshan (Telecom Development Company Afghanistan Ltd), Afghanistan's leading communications provider and the network of choice for over 6 million Afghans.
VendTek and Roshan have been conducting a successful trial of the e-Fresh system for several months and expect the full rollout later this year. The companies aim to increase the use of electronic top up via self service terminals and at points of sales, eventually replacing the scratch card top up method that is currently predominant in Afghanistan. The e-Fresh system will provide a secure and reliable electronic distribution system serving Roshan's six million mobile customers
"The e-Fresh system will provide tremendous benefits to Roshan customers and distributors. Roshan services will be delivered safely and securely to customers through our reliable and scalable platform," said Doug Buchanan, President and Chief Executive Officer of VendTek. "We are excited about this opportunity as e-Fresh is ideally suited to this market and we know the Afghan consumer will benefit greatly".
The partnership with VendTek builds on Roshan's innovative approach in Afghanistan. Through wide scale, country wide implementation of e-fresh, Roshan will modernize industry top-up practices while continuing to lead in the provision of best-in-class technologies to meet the communications needs of Afghans.
"We are pleased to partner with VendTek, who share Roshan's commitment to providing Afghans with relevant solutions delivered on the highest standards of quality and service," said Karim Khoja, Chief Executive Offer, Roshan. "Roshan is the first mobile operator to introduce electronic top-up in Afghanistan," said Khoja.
For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.