VENDTEK SYSTEMS INC V.VSI

VendTek and iSend, A Leading U.S. Payment Service,

[Gladys7]

une 18, 2012

For Immediate Release Contact: Samantha White [e-mail]

  

VendTek and iSend, A Leading U.S. Payment Service,

Announce Partnership

 

Vancouver - June 18, 2012 - VendTek Systems Inc. (VSI - TSX Venture) (the "Company"), a developer and licensor of software for the global prepaid and financial services markets, today announced that it has a distribution partnership with iSend, a leading U.S. electronic payment service for people who support family members in other countries.

 

The partnership extends the availability of each company's service offerings. Under the arrangement, iSend's popular International mobile phone top-up service will be available in more than 15,000 additional Canadian retail locations, bringing iSend's total number of retail locations throughout the United States, the United Kingdom and Canada to approximately 150,000. In turn, iSend will resell VendTek's prepaid services, including Canadian mobile phone top-up, and financial vouchers, through iSend's retail network.

 

iSend's top-up service lets people add prepaid minutes to the mobile phones of family and friends in other countries . iSend's relationships with predominant mobile carriers enable convenient support for family and friends throughout the Americas, the Caribbean, Africa, Europe, the Middle East and Asia, including the Indian subcontinent.

 

iSend will be reselling the following VendTek services:

 

• Mobile Phone Top-up - iSend will have access to Canada's largest mobile carriers for which to provide PIN-based phone top-ups. 

 

• Prepaid Payment Vouchers - Prepaid payment vouchers can be used on hundreds of online sites such as entertainment sites and Voice over IP (VoIP) companies.   With prepaid payment vouchers, customers can now pay for the voucher in cash at any of iSend's retail locations and then be presented with a code they use to pay for their purchase on websites that accept the voucher as a form of payment.

 

• Prepaid Credit Card Vouchers - Prepaid Credit Card vouchers are similar to Prepaid Payment vouchers but accepted everywhere online that allows for credit card payments, customers will be able to pay cash at any of iSend's retail locations and then simply redeem the activation code online to receive a secure credit card number, expiration date and CVV to start shopping.

  

"As we continue to expand the number of countries we serve with mobile phone top-ups, iSend is equally focused on expanding the number of retail locations where those services are available," said Steve LaBella, president and CEO of iSend. "Our arrangement with VendTek makes it extremely convenient for customers throughout Canada to assist loved ones in other countries while conducting business at many of the country's highest-traffic retail locations."

 

"Retailers are always looking for additional revenue streams that can increase cash flow," said Doug Buchanan, VendTek president and CEO. "Our arrangement with iSend gives our existing retail partners an expanded offering for their customers who support family members internationally, and gives iSend's retail partners access to new prepaid services to complement their current offerings."

 

For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or [e-mail].

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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™ 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™ 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.

  

About iSend

 

iSend is a leading international electronic payment service that provides unprecedented options for people who support family members in other countries. Customers control the use of the funds they transfer, including topping-up individual family members' prepaid cell phones, paying recurring monthly bills and sending gift cards for merchandise at specific stores. Transfers can be arranged for recipients located in more than 40 countries including Anguilla, Antigua and Barbuda, Barbados, Bolivia, Brazil, British Virgin Islands, Cayman Islands, Colombia, Cuba, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Grenada, Guatemala, Guyana, Haiti, Honduras, India, Jamaica, Mexico, Montserrat, Nicaragua, Nigeria, Panama, Peru, the Philippines, Puerto Rico, Russia, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos, United States, Uruguay and Vietnam. For more information, including the growing roster of retail locations and countries, visit www.isendworldwide.com.