| | For Immediate Release
Contact:
Samantha White
swhite@vendteksystems.com
| |
| VENDTEK SYSTEMS ANNOUNCES AGREEMENT WITH MULTIPLA IN BRAZIL |
VANCOUVER - February 16, 2012 - VendTek Systems Inc (TSX-V - VSI) (the "Company" or VendTek"), 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., signed an agreement with Múltipla Serviços Especializados ("Múltipla") to provide electronic mobile recharge services Múltipla's merchant network of approximately 500 distribution points.
Múltipla is a division of Evoluti Group that has been operating for 20 years and has approximately 4.000 employees. Evoluti has operations in over 11 states and 4000 municipalities in Brazil.
The initial launch will take place at the beginning of March and will be in the following states in Brazil: Goiás, Ceará, Bahia, and Pernambuco.
"We are very pleased to partner with Múltipla," said Doug Buchanan, President and Chief Executive Officer of VendTek. "We feel that companies like Múltipla 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.