TSX Venture Exchange: VSI
VANCOUVER, April 4, 2014 /CNW/ - VendTek Systems Inc. (VSI -
TSX Venture) (the "Company"), a developer and licensor of software
for the global prepaid and financial services markets, announced
that it has issued an aggregate of 1,037,500 options to certain
members of its board of directors and its management as
compensation for their services as directors of the Company
pursuant to the Company's Incentive Stock Option Plan, subject to
approval of the TSX Venture Exchange.
Each option permits the holder to acquire a common share of the
Company for $0.10. One-quarter
of the options granted to each individual vest on each of
April 3, 2015, April 3, 2016, April 3,
2017 and April 3, 2018.
The options expire on April 3,
2019.
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.
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.
SOURCE VendTek Systems Inc.