Vendtek Systems Announces Distribution Agreement with Kitchen Food Fair
Vendtek Systems Announces Distribution Agreement with Kitchen Food Fair
Vancouver, British Columbia CANADA, July 17, 2013 /FSC/ - VendTek Systems Inc. (VSI - TSX Venture), ("VendTek" or the "Company"), a global transaction processing company, is pleased to announce that it has signed a multi-year agreement with Kitchen Food Fair of Ontario to provide its Now Prepay full suite of products: wireless, long distance, gift cards and financial products.
Now Prepay's telecom products include prepaid wireless for all of the major carriers and a selection of regional carriers. Now Prepay will also provide gift cards, financial gift cards, and other prepaid financial products that can be activated on site. Gift Cards and Financial Gift Cards are some of the fastest growing prepaid categories, as consumers no longer have to shop in multiple stores for the perfect gift.
Kitchen Food Fair is one of the fastest growing franchise companies in Canada and it has 69 stores throughout the Greater Toronto Area and other parts of Ontario.
VendTek offers all of the retailers support with implementing the suite of products and ongoing support at their individual store as well as head office and this is one of the many reasons that VendTek has differentiated itself from other companies.
Solomon Kim, founder and President of Kitchen Food Fair said, "I believe our relationship with VendTek will be mutually beneficial to both our firms going forward. Their services coupled with our presence will help both our companies as well as our loyal customers."
"We are proud to be working with Kitchen Food Fair. They have been growing successfully by offering their customers convenience, quality, and an ideal mix of products and services. We believe we are an excellent fit for them. Our product category will help them provide important services to their customers", said Doug Buchanan, President and CEO of VendTek.
For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com.
About Kitchen Food Fair
Kitchen Food Fair (http://www.kffca.com) is a well-established company founded by Solomon Kim since 1988. As part of the Ontario Convenient Store Association (OCSA), it has grown to become a well-respected company; with 20 years of experience plus professional knowledge of the business, coated by endless hours of effort by its people, KFF has received an overwhelming response in the industry for having a one of a kind business model.
Kitchen Food Fair is one of the fastest growing franchise companies in Canada. We have stores located mainly in the Greater Toronto Area and have quickly expanded throughout Ontario. We have gained the respect from major suppliers as a reliable company. KFF has focused on expanding the number of stores throughout the Greater Toronto Area; currently there are 69 stores.
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/vendtek07172013.pdf
Source: VendTek Systems Inc. (TSX-V VSI) www.vendteksys.com
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