VENDTEK ANNOUNCES THAT IT HAS COMPLIED WITH VISA OPERATING REQUIREMENTS TO UPGRADE VISA CASH TERMINALS TO TIBC 3.0 (ADVANTIS)

July 21, 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 VendTek's unattended load terminals for Visa Cash TIBC 3.0 (Advantis) loading of smart cards and credit / debit associated accounts have complied with Visa International Latin America and Caribbean Region's requirements.

VendTek Industries Inc. (a wholly owned subsidiary of VSI) received TIBC 3.0 (Advantis) approval from Visa International Latin America and Caribbean Region for its LVD5000 and CT unattended smart card load stations. VendTek may now load the latest TIBC 3.0 (Advantis) smart cards using cash as well as credit/debit associated accounts in addition to the earlier TIBC 1.0 products.

Paul Brock, President of VendTek Systems said, "These terminals were the foundation of e-Fresh and part of our legacy business. The successful compliance with Visa International's requirements keeps the markets in South and Central America open to us so that we can supply our branded terminals. Our products provide the ability for smart cards to be loaded and we see a strong future connection between smart cards and telecommunications. "

For more information, or to receive news and updates as they become available, please contact Samantha Haynes at 1-800-806-4958 or 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.

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.