Business News

VendTek Systems Inc. – Strategic Partner Increases Its Ownership

Monday 15. September 2008 - VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or "The Company"), a leading provider of automated transaction systems software, is pleased to announce that Privinvest Holding SAL ("Privinvest") has acquired more than 9% of VendTek's common shares.

The Company had previously announced that it had entered into a joint venture agreement with Privinvest to license the Company’s proprietary e-Fresh(TM) software in the Middle East and North Africa (“MENA”).

The shares were purchased in the market and not issued from treasury. Privinvest is now VendTek’s second largest single shareholder.

Doug Buchanan, President and Chief Executive Officer of VendTek, said, “Privinvest has witnessed the opportunities for our business firsthand in the MENA region and their recent share purchases display their confidence in our prospects for those markets. I am very proud to say that one of our largest customers is now also one of our largest shareholders.”