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VENDTEK ANNOUNCES THAT ITS WHOLLY OWNED SUBSIDIARY, NOW PREPAY HAS DEPLOYED 3000 E-FRESH POS TERMINAL CLIENTS IN CANADA

February 19, 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 its wholly owned subsidiary Now Prepay Corp. has now deployed 3000 e-Fresh POS terminal clients in Canada.

“This is a significant milestone for VendTek and Now Prepay. We've come a long way since December of 2002 when we changed our business and had zero terminals in the marketplace. These 3000 terminals are generating revenues for us on an ongoing basis that will continue indefinitely. Our success is due to strong commitment to the business and our ability to partner with leading POS terminal manufacturers, ISP's, retailers and other components of the supply chain who trust the names “Now Prepay” and
“e-Fresh”. We continue to focus on growing the number of terminal clients in the market as well as revenues,” said Paul Brock , President of VendTek Systems Inc.

The POS terminals have been deployed in a wide range of retail sites throughout Canada including several major retail chains. The Company has demonstrated continued growth in revenues with the ongoing deployment of terminals. The Now Prepay POS terminal clients and server create recurring transaction revenues from the sale of prepaid services. Now Prepay began selling services through POS terminals in December 2002.

For more information, or to receive news and updates as they become available, please contact Investor Relations at 1-800-806-4958 or 604-940-2239 or investment@vendteksys.com.

 

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

VendTek Systems Inc. develops, markets, and sells e-Fresh, which is a suite of software applications use to electronically distribute prepaid telecommunication products and financial services. Commercialization of
e-Fresh under license is VendTek's strategy to create sustainable and recurring revenues.

VendTek's customers and its subsidiaries, Now Prepay Corp. and VendTek Systems Technologies (Beijing), 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 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.

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