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VENDTEK SYSTEMS INC V.VSI

"VendTek Systems Inc develops, markets, and licenses automated transaction system software and supporting technologies. Its software product, eFresh provides electronic distribution infrastructure to service providers, retailers and retail distributors."


TSXV:VSI - Post by User

Post by trytomakeabuckon Jul 03, 2013 5:08pm
308 Views
Post# 21587705

VendTek to Provide eFresh Technology to Specsavers

VendTek to Provide eFresh Technology to Specsavers

2013-07-03 13:45 AT - News Release

 

Mr. Doug Buchanan reports

VENDTEK SYSTEMS AND SPECSAVERS OPTICAL GROUP LIMITED ENTER STRATEGIC PARTNERSHIP

VendTek Systems Inc. has entered a commercial partnership with Specsavers Optical Group Ltd., an international company providing a trusted eye and hearing care service, including affordable glasses, contact lenses and digital hearing aids, to a number of countries in Europe and across the globe. Specsavers sells prepaid eye care vouchers to companies, which distribute them to their employees as part of their benefit program. This agreement will enable Specsavers to use VendTek's eFresh technology to replace its physical vouchers with an electronic distribution system. eFresh will be used by Specsavers to manage all selling, delivering, servicing and settlement activities via the Internet and other electronic delivery mechanisms.

This new innovative distribution system reduces production and shipping costs. It also increases security, flexibility and customer satisfaction.

Following the implementation, Specsavers corporate customers will be able to use eFresh to directly order and print customized Specsavers e-vouchers. These vouchers can be automatically redeemed at Specsavers retail locations, where the e-PIN (personal identification number) code will be entered into the eFresh system for validation and settlement.

"We are excited to partner with Specsavers, a worldwide leader in the optical care and hearing aid business, to simplify its business processes and improve its efficiency," said Doug Buchanan, chief executive officer of VendTek. "This is a great example of how eFresh can be used to deliver value in every type of electronic PIN delivery situation, regardless of the industry location or language."

"We chose VendTek as our partner for this solution because of the flexibility of the eFresh system and their ability to find innovative solutions to meet our needs," said Paul Askew. "Not only did VendTek collaborate and execute well with our team in managing the project and launching on time, they really thought about our business needs and focused on improving our business processes. Our customers will benefit from the extra flexibility and security that the eFresh system delivers."

VendTek has built its international success through alliances with key customers like Specsavers, pairing the flexibility, scalability and reliability of its technology with its collaborative approach from beginning to end. This relationship between both companies gives Specsavers an immediate product advantage in delivering reliable and affordable optical and hearing care products and solutions.

About Specsavers

Specsavers is an international partnership of nearly 2,000 locally run businesses committed to delivering high-quality, affordable optical and hearing care in the communities they serve. Each store is partly owned and managed by its own directors, who are shareholders of their own businesses, but who are supported by key specialists in support offices who provide a range of services, such as marketing, accounting, information technology (IT) and wholesaling, among others. This joint venture partnership ensures that the opticians and audiologists who run their stores can concentrate on delivering what they do best -- provide expert eye and hearing care to their customers.

We seek Safe Harbor.

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