VendTek Systems Announces Granting of Options to Officer
01 Noviembre 2011 - 11:01AM
Marketwired
VendTek Systems Inc. (TSX VENTURE:VSI) (the "Company"), a developer
and licensor of software for the global prepaid and financial
services markets, today announced that it has issued options to one
of its officers pursuant to the Company's Incentive Stock Option
Plan, subject to approval of the TSX Venture Exchange.
200,000 options were granted to Francois Chevalier, Chief
Operating Officer. Each option permits the holder to acquire a
common share of the Company for $0.43. The options vest in equal
parts over 18 months, with the first 1/7 vesting immediately upon
grant, and 1/7 vesting on each of the subsequent three month
anniversaries of the date of grant. The options expire five years
from the date of grant.
About VendTek
VendTek is headquartered in Vancouver, British Columbia, Canada,
and develops and licenses automated transaction system software and
supporting technologies that improve the efficiency of product
delivery, reduce costs to clients and offer superior safety
measures. VendTek's customers, its division, Now Prepay and its
subsidiaries are using e-Fresh(TM) software to build electronic,
prepaid services networks, which enable consumers to purchase
prepaid services via point-of-sale terminals (POS) and self-serve
terminals connected to a central e-Fresh(TM) server. This system
creates significant value through improved efficiencies compared to
the traditional distribution paradigm. e-Fresh(TM) reduces
shrinkage and inventory requirements while improving consumer
access to prepaid services by completely eliminating physical cards
and vouchers. 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.
Contacts: VendTek Systems Inc. Samantha White 604-805-4653 or
1-800-806-4958investment@vendteksystems.comwww.vendteksystems.com
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