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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 Aug 06, 2013 9:20am
298 Views
Post# 21651250

VendTek Renews Distribution Deal with Imperial Oil

VendTek Renews Distribution Deal with Imperial Oil

2013-08-06 10:16 AT - News Release

 

Mr. Doug Buchanan reports

VENDTEK SYSTEMS ANNOUNCES RENEWAL OF AGREEMENT WITH IMPERIAL OIL

VendTek Systems Inc. has renewed its distribution agreement with Imperial Oil, a partnership of Imperial Oil Ltd. and McColl-Frontenac Petroleum Inc. The two organizations started working together in 2003 and have been expanding their co-operation ever since.

Under the new agreement, VendTek will use the e-Fresh software to provide Esso-branded locations with a wide range of prepaid products and services that will be sold to Esso customers. The e-Fresh system reduces shrinkage and inventory requirements for Esso retail outlets while improving consumer access to prepaid products and services by completely eliminating physical cards and vouchers. Thanks to this electronic distribution system, Esso-branded retailers will be able to continue offering to their customers a wide range of prepaid products such as wireless, long distance, gift cards and financial products.

"We are extremely pleased that Imperial Oil has renewed their agreement with us. They are one of our largest corporate clients, and we are proud that they continue to believe in the growing portfolio of products and services we offer. Our customer service and independent location support has provided a tangible value added service and is one of our key selling features," said Doug Buchanan, president and chief executive officerof VendTek.

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