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WIRELESS PRODUCTS MARKETING ORDERS MORE CLIENT LICENSES

July 10, 2003 - VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or "The Company"), a leading provider of software for prepaid service distribution, is pleased to announce that Wireless Products Marketing Inc. ("WPM") has purchased an additional 100 e-Fresh client licenses.

WPM has ordered more than 200 e-Fresh licenses since March 2003 for their network of Verifone POS terminals. WPM's terminal deployment using VendTek's e-Fresh technology continues to grow in the United States as their customers benefit from the electronic delivery of prepaid services..

"WPM's additional orders are an excellent testament to the ease of use of
e-Fresh and the US market's adoption of purchasing prepaid products through POS terminals", says Paul Brock, President of VendTek Systems Inc.

According to Atlantic-ACM, the prepaid wireless segment will remain a hot spot in the US telecommunications industry for the next few years since more than a third of consumers who apply for wireless telephones are declined because of bad or nonexistent credit and rely on prepaid alternatives for their cellular airtime.

The estimated market in the US for prepaid wireless is US$4.4 billion in 2003 growing to US$10.0 billion by 2007 according to Atlantic-ACM.

For more information, or to receive news and updates as they become available, please contact Samantha Haynes at 604.940.2239.

About VendTek and Now Prepay
(www.vendteksys.com / www.nowprepay.com)

VendTek Systems Inc. develops and licenses e-Fresh software and related technologies, which provides electronic distribution of prepaid telecommunication and financial services.
VendTek is commercializing the e-Fresh software under license to create sustainable and recurring revenues. VendTek's customers and its subsidiaries, Now Prepay Corp. (in Canada) and VendTek Systems

Technologies (in China), are using e-Fresh software to build electronic, prepaid services networks which enable consumers to purchase prepaid services via POS and self-serve terminals connected to a central e-Fresh server. This system creates significant value through improved efficiencies compared to the traditional distribution paradigm. e-Fresh reduces shrinkage and inventory requirements while improving consumer access to prepaid services since it is completely electronic and eliminates physical cards and vouchers.

About Wireless Products Marketing

Wireless Products Marketing Inc. ("WPM") is a Bloomington, Minnesota based corporation founded in 1997. WPM distributes to convenience stores, specialty retailers, mass merchandisers, and provides electronic pin infrastructure for other distributors. In 2002, WPM activated 20,000 customers for Verizon in the Minneapolis / St. Paul area and generated over $3.5 million in sales revenue. For further information, please contact the company directly at 952-346-1000.

 

This release contains forward-looking statements within the meaning of the "safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company assumes no obligation to update any forward-looking information contained in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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Now Prepay Corp.  |  Last updated 2003-02-11