FSC / Press Release
VendTek Systems Announces Agreement With Brazil Company, Level Up Games
Vancouver, British Columbia CANADA, March 28, 2012 /FSC/ - VendTek Systems Inc. (VSI - TSX Venture), a developer and licensor of software for the global pre-paid and financial services markets is pleased to announce that its wholly-owned Brazilian subsidiary, Now Prepay Servicos de Informatica Ltda., has signed an agreement with Level Up! Games to provide electronic PINs to game users.
Level Up! is an innovative company born with the mission of providing the market with a new experience in digital entertainment. Founded in Asia in 2002, the company has branches in the Philippines, the USA and Brazil, where it has been operating since 2004.
A pioneer in the online games market with over 1.5 million active users a month in Brazil, Level Up! develops partnerships with the major global games producers, enabling the company to offer the best and most eagerly awaited titles in Portuguese, in addition to selling exclusive access to international servers offering highly successful games.
The initial launch will take place in April in Sao Paulo, and will be in the following states in Brazil: Minas Gerais, Goias, Ceara, Bahia, and Pernambuco.
"We are very pleased to partner with Level Up!," said Doug Buchanan, President and Chief Executive Officer of VendTek. "We feel that companies like Level Up! offer us an opportunity to provide value added services to their customer base. This partnership also allows us to rapidly expand into several regions of Brazil that are under served by existing distribution methods."
For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.
About VendTek
VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers, subsidiaries and its Now Prepay division use e-Fresh(tm) software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and self-serve terminals connected to a central server. This system creates significant value through improved efficiencies compared to a traditional distribution model. e-Fresh(tm) reduces shrinkage and inventory requirements for vendors while improving consumer access to prepaid products and services by completely eliminating physical cards and vouchers. VendTek has deployed its software around the world including Canada, United States, Asia, the Middle East and Africa. 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.
To view this release as a web page, please click on the following link:
https://www.usetdas.com/pr/vendtek03282012.htm
Source: VendTek Systems Inc. (TSX-V VSI) www.vendteksys.com
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