VendTek Systems is a leading provider of automated transaction systems software. VendTek's division Now Prepay is using VendTek's eFresh software in Canada and generating millions of dollars in revenues for VendTek.
The network of more than 15,000 locations demonstrates the potential of VendTek's software worldwide.
VendTek's software licensing is designed to generate and sustainable recurring revenue in foreign markets primarily from the sale of prepaid telecommunication and financial services.
VendTek's electronic distributor software eFresh provides electronic infrastructure to retailers and retail distributors, allowing them to seel electronic products and services more efficiently. The innovative system eliminates the need for traditional plastic card and voucher sysems thereby reducing inventory investment, theft and othe related costs and enables retailers to expand product offerings. For consumers, it provides a secure, convenient means of purchasing prepaid services at point-of-sale terminals and self-serve kiosks connected to a central eFresh server.
eFresh can do more: the software can provide activation and reloading of gift cards and prepaid credit cards.
Distribution of prepaid gaming, entertainment, money transfer and utilities products are all viable for distribution using eFresh. They all present major markets for VendTek's product offering.
VendTek's division Now Prepay uses eFresh and has the largest electronic prepaid services network in Canada with over 15,000 Canadian merchant locations. This is creating significant value for VendTek, providing the commercial viability of the compnay's product and allowing the company to establish itself as a leader in electronic distribution technologies.