Vendtek Systems and Specsavers Optical Group Limited Enter Strategic Partnership
Vendtek Systems and Specsavers Optical Group Limited Enter Strategic Partnership
Vancouver, British Columbia CANADA, July 03, 2013 /FSC/ - VendTek Systems Inc. (VSI - TSX Venture), ("VendTek" or the "Company"), a global transaction processing company, today announced a commercial partnership with Specsavers Optical Group Limited, an international company providing a trusted eye and hearing care service including affordable glasses, contact lenses and digital hearing aids to a number of countries in Europe and across the globe. Specsavers sells prepaid eyecare vouchers to companies who distribute them to their employees as part of their benefit program. This agreement will enable Specsavers to use VendTek's eFresh (r) technology to replace its physical vouchers with an electronic distribution system. eFresh (r) will be used by Specsavers to manage all selling, delivering, servicing, and settlement activities via the Internet and other electronic delivery mechanisms.
This new innovative distribution system reduces production and shipping costs. It also increases security, flexibility and customer satisfaction.
Following the implementation, Specsavers corporate customers will be able to use eFresh Web(r) to directly order and print customized Specsavers eVouchers. These vouchers can be automatically redeemed at Specsavers retail locations where the epin code will be entered into the eFresh system for validation and settlement.
"We are excited to partner with Specsavers, a worldwide leader in the optical care and hearing aid business, to simplify its business processes and improve its efficiency" said Doug Buchanan, CEO of VendTek. "This is a great example of how eFresh (r) can be used to deliver value in every type of electronic pin delivery situation, regardless of the industry location or language"
"We chose VendTek as our partner for this solution because of the flexibility of the eFresh system and their ability to find innovative solutions to meet our needs" said Paul Askew "Not only did VendTek collaborate and execute well with our team in managing the project and launching on time, they really thought about our business needs and focused on improving our business processes. Our customers will benefit from the extra flexibility and security that the eFresh system delivers."
VendTek has built its international success through alliances with key customers like Specsavers, pairing the flexibility, scalability and reliability of its technology with its collaborative approach from beginning to end. This relationship between both companies gives Specsavers an immediate product advantage in delivering reliable and affordable optical and hearing care products and solutions.
For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.
About Specsavers
Specsavers is an international Partnership of nearly 2,000 locally-run businesses, committed to delivering high quality, affordable optical and hearing care in the communities they serve. Each store is part-owned and managed by its own directors, who are shareholders of their own businesses but who are supported by key specialists in support offices, who provide a range of services, such as marketing, accounting, IT and wholesaling, among others. This joint venture Partnership ensures that the opticians and audiologists who run their stores can concentrate on delivering what they do best - provide expert eye and hearing care to their customers.
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 the press release as a PDF file, please click on the following link:
http://www.usetdas.com/pr/vendtek07032013.pdf
Source: VendTek Systems Inc. (TSX-V VSI) www.vendteksys.com
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