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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

Bullboard Posts
Post by Gladys7on Mar 25, 2010 7:07pm
382 Views
Post# 16925729

VendTek applies to resume trading after CTO revoke

VendTek applies to resume trading after CTO revoke

VendTek applies to resume trading after CTO revoked

VendTek Systems Inc (C:VSI)
Shares Issued 46,044,461
Thursday March 252010 - News Release

Ms. Samantha White reports

VENDTEK SYSTEMS ANNOUNCES REVOCATION OF THE CEASE TRADE ORDERSAFFECTING ITS SECURITIES

VendTek Systems Inc. has provided notice that the BritishColumbia Securities Commission and the Alberta Securities Commission haverevoked the cease trade orders in effect in such provinces prohibiting tradingin securities of the company.

The revocation follows the filing by VendTek on Feb. 24, 2010,of its audited consolidated financial statements for the year ended Oct. 31,2008, unaudited consolidated financial statements for each of the quarters endedJan. 31, 2009, April 30, 2009, and July 31, 2009, together with thecorresponding management's discussion and analysis, and certifications of itschief executive officer and chief financial officer for each of those periods,pursuant to National Instrument 52-109. The audited consolidated financialstatements for the year ended Oct. 31, 2008, audited by the company's currentauditor, KPMG LLP, include restatements of the years ended Oct. 31, 2007, andOct. 31, 2006.

Following the revocation of the cease trade order, the companyhas applied to the TSX Venture Exchange to resume trading in its common shares.Management will provide an update on the status of the application as additionalinformation becomes available.

? 2010 Canjex Publishing Ltd.

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