Vancouver, British Columbia (FSCwire) - Pursuant to a subscription agreement entered into with VendTek Systems Inc. (TSX VENTURE:VSI) ("VendTek", or the”Company”) on February 5, 2015, and following completion of  due diligence with the Company,  F3 Capital Partners Ltd ("F3" from Calgary, Alberta) purchased CAD$350,000 of secured convertible debentures of the Vendtek (the "Convertible Debentures") with a term of three (3) years, an annual interest rate of 1.0%, a conversion price of CAD$0.05 per Common Share in the first year of the term of the Convertible Debentures and CAD$0.10 in the remainder of the term of the Convertible Debentures and the Company shall issue 7,000,000 additional Warrants exercisable at CAD$0.05 per Common Share to F3 concurrently with the issuance of the Convertible Debentures.

The agreement has been approved by the Board of Directors and executed today by both parties. This transaction is subject to final approval by the TSX-V.

The Company intends to expend the proceeds of the private placement for general corporate and working capital purposes.

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 F3

F3 Capital Partners Ltd. is the private equity branch of F3 Investments, an advisory and investment management firm focused on providing comprehensive investment solutions to institutional investors as well as ultra-high net worth individuals with complex investment portfolios. F3 Investments currently manages or advises over CAD 900 million in public and private equity, credit and fixed income strategies. Felipe Ayres and Filipe Durand founded F3 Investments in 2012. The company has offices in São Paulo, Brazil, and in Calgary, Canada.

Forward Looking Information

This news release contains statements which are not current statements or historical facts and are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, contained in this news release constitute forward-looking information. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "forecasts", "projections", "anticipate" or "does not anticipate", "believe", "intent", "potential", "strategy", "schedule", "estimates" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved and other similar expressions have been used to identify forward-looking information. These forward-looking statements relate to, among other things, the Company's expectations regarding the use of proceeds from the Private Placement.

Although the forward-looking information in this news release reflects the Company's current beliefs on the date of this news release based upon information currently available to management and based upon what management believes to be reasonable assumptions, the Company cannot be certain that actual results, performance, achievements, prospects and opportunities, either expressed or implied, will be consistent with such forward-looking information. By its very nature, forward-looking information necessarily involves significant known and unknown risks, assumptions, uncertainties and contingencies that may cause the Company's actual results, assumptions, performance, achievements, prospects and opportunities in future periods to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among other things, revenue growth, operating results, the market demand for the Company's products, product development, and litigation as well other factors described in the Risks Related to our Business Section in the Company's Q3 2014 Management Discussion and Analysis. There may be other factors that cause results, assumptions, performance, achievements, prospects or opportunities in future periods not to be as anticipated, estimated or intended.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially, from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release. Accordingly, all such factors should be considered carefully when making decisions with respect to the Company, and prospective investors should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

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.

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2015 Filing Services Canada Inc.