VENDTEK ANNOUNCES APPOINTMENT OF SENIOR FINANCIALVendTek Systems Inc (C:VSI)
Shares Issued 45,025,461
Friday December11 2009 - News Release
Mr. Martin Parent reports
VENDTEK ANNOUNCES APPOINTMENT OF SENIOR FINANCIAL EXECUTIVE TOITS BOARD OF DIRECTORS
VendTek Systems Inc. has appointed appointment of GarthAlbright to the Company's Board of Directors and its Audit Committee. Theappointment is subject to the approval of TSX Venture Exchange.
Mr. Albright has more than 30 years of progressively seniorexperience in financial reporting, accounting, regulatory compliance, equitycapital markets, investor relations, mergers and acquisitions, and IToperations. He has served as chief financial officer and corporate secretary ofGemcom Software International Inc., the largest global supplier of specialisedmining productivity solutions, since 2003. He previously held senior financialpositions with a number of public and private companies including Peace ArchEntertainment Ltd., Cannect Communications Inc., Shoppers Drug Mart ,and ComincoEngineering Services Ltd.
Mr. Albright is a seasoned executive with a successful trackrecord of leading global companies through significant periods of change, whiledriving profitability, growth and operational excellence. He is a certifiedmanagement accountant and a director of the B.C. Technology IndustryAssociation.
"Adding a seasoned financial executive like Garth as anindependent director and member of the audit committee is an important stepforward as we look at ways to enhance board oversight and independence goingforward," said Martin Parent, chairman of VendTek Systems Inc. He continued,"Garth's financial and public company experience, combined with his softwareindustry expertise and relationships, will allow him to begin contributing tothe future direction of the company in the near term."
"VendTek has built a solid foundation in the Canadian prepaidspace, with solid growth opportunities both in the United States andinternationally," said Garth Albright. "I look forward to working with thecurrent board and leadership team leveraging my previous experience as thecompany's moves to its next phase of growth."
VendTek today also announced that Stuart Wooldridge hasresigned from the board of directors, effective immediately. The board andmanagement team would like to thank Mr. Wooldridge for his years of service andcontribution to the company.
? 2009 Canjex Publishing Ltd.