Vendtek Systems Inc (VNDKF) $VNDKF
VendTek Announces Share Consolidation
Filing Services Canada - Wed Apr 22, 7:08PM CDT
VendTek Announces Share Consolidation Vancouver, British Columbia (FSCwire) - VendTek Systems Inc. (VSI TSX Venture) (the Company or VendTek) announced today that it intends to complete a consolidation (the Consolidation) of its common shares (the Common Shares) on the basis of (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. The Companys articles of incorporation authorize the board of directors to approve certain changes to the Companys capital structure, including the Consolidation. As such, shareholder approval is not required. The Consolidation is subject to TSX Venture Exchange (the TSXV) approval. The Company anticipates that its post-Consolidation Common Shares will begin trading on the TSXV on or about April 24, 2015. Following the Consolidation, the Company will have approximately 7,264,583 Common Shares outstanding. The Companys outstanding options, warrants and debentures will be adjusted on the same basis (10:1), with proportionate adjustments being made to exercise and conversion prices. No fractional Common Shares will be issued and no cash will be paid in lieu of fractional post-Consolidation Common Shares. The number of post-Consolidation Common Shares to be received by a shareholder will be rounded down to the nearest whole Common Share. A letter of transmittal will be mailed to shareholders advising that: (i) the Consolidation has taken effect; and (ii) shareholders should surrender their existing share certificates (representing pre-Consolidation Common Shares) for replacement share certificates (representing post-Consolidation Common Shares). Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation. About VendTek VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers use e-Fresh" software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and selfserve 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, Brazil, the Middle East and Africa. For further information please visit the Company's websites www.vendteksystems.com and www.nowprepay.com. For more information contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com. Forward-looking Statements This press release contains statements which are not current statements or historical facts and are forward-looking information within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, contained in this press release constitute forward-looking information. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the TSXVs approval of the Consolidation and the anticipated timing of the effective time of the Consolidation. Although the forward-looking information in this press release reflects the Companys current beliefs on the date of this press release based upon information currently available to management and based upon what management believes to be reasonable assumptions, the Company cannot be certain that actual results, performance, achievements, prospects and opportunities, either expressed or implied, will be consistent with such forward-looking information. By its very nature, forward-looking information necessarily involves significant known and unknown risks, assumptions, uncertainties and contingencies that may cause the Companys actual results, assumptions, performance, achievements, prospects and opportunities in future periods to differ materially from those expressed or implied by such forward-looking information. There may be other factors that cause results, assumptions, performance, achievements, prospects or opportunities in future periods not to be as anticipated, estimated or intended. Accordingly, all such factors should be considered carefully when making decisions with respect to the Company, and prospective investors should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. 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. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...222015.pdf Source: VendTek Systems Inc (TSX Venture:VSI) www.vendteksystems.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
VSI.VN: 0.005 (unch)
BUYINS.NET: CENTA, DBS, KXI, VSI, VGLT, BCOM Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Tue Apr 07, 7:03AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Central Garden & Pet Co (NASDAQ:CENTA), PowerShares DB Silver Fund (NYSE
BS), iShares S&P Global Consumer Staples Index Fund (NYSE:KXI), VendTek Systems Inc (NYSE:VSI), Vanguard Long Term Government Bond ETF (NASDAQ:VGLT), B Communications Ltd (NASDAQ:BCOM) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
KXI: 99.89 (-0.39), VSI: 31.96 (+0.08), DBS: 31.11 (+0.13), BCOM: 25.10 (-0.47), CENTA: 23.66 (+0.24), VGLT: 85.20 (+0.15)
VendTek Systems Announces Fiscal 2015 Q1 Financial Results
Filing Services Canada - Mon Mar 30, 8:26PM CDT
VendTek Systems Announces Fiscal 2015 Q1 Financial Results Vancouver, British Columbia (FSCwire) - VendTek Systems Inc. (VSI - TSX Venture) (the "Company"
, a developer and licensor of software for the global prepaid telecom and financial services markets,today reported its financial results for its first quarter of fiscal 2015 ended January 31, 2015 (Q1 2015). Selected Financial Information Revenue for the quarter ended January 31, 2015 decreased $183,513 to $264,802, or 40.9% from $448,315 in the prior fiscal quarter of Q1 2014; Operating expenses were $614,237 compared to $830,014 in the prior fiscal quarter. Adjusted EBITDA[1] (#_ftn1) loss was $315,798 for Q1 2015 compared to a loss of $339,873 for the prior year; Net loss from continuing operations was $429,649 compared to $536,582 in the prior fiscal quarter; Cash used in operations was $260,846 for Q1 2015, compared to $927,130 cash used in operations in the prior fiscal year; Cash and cash equivalents was $196,505 at January 31, 2015 compared to $291,366 at October 31, 2014. These consolidated financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. For the quarter ended January 31, 2015 the Company has incurred a net loss from continuing operations of $429,649 and negative cash flows of $260,846 from operating activities. The Company also has a working capital deficiency of $3,247,990 and a shareholders deficiency of $3,789,433 as at Januay 31, 2015. These conditions raise significant doubt about the ability of the Company to continue as a going concern without additional financing or renegotiate the terms of existing financing. In addition to the funds raised subsequent to quarter end, Management is pursuing several sources of additional financing (both debt and equity) and is of the opinion that sufficient working capital will be obtained from: external financing, renegotiation of existing financing; and improved operations to meet the Companys liabilities and commitments as they become due, although there is significant risk that this may not happen on a timely basis or on terms acceptable to the Company. These consolidated financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements. Subsequent to quarter end, on February 5, 2015, the Company issued $350,000 of secured convertible debentures (Convertible Debentures) on a private placement basis that will mature on February 4, 2018. These bear interest at a rate of 1.0% per annum and have a conversion price of $0.05 per common share in the first year of the term and $0.10 in the remainder of the term. In addition, the Company issued 7,000,000 additional warrants exercisable at $0.05 per common share with the issuance of these Convertible Debentures. VendTeks MD&A and complete financial statements and notes are available at www.sedar.com (http://www.sedar.com) and the Companys website www.vendteksystems.com (http://www.vendteksystems.com). For more information or to receive the complete statements please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com (mailto:investment@vendteksystems.com). VendTek Systems Inc. Unaudited Condensed Consolidated Statement of Financial Position (All amounts expressed in Canadian dollars) October 31, 2012 and 2011 To view this table, please either click on the link below, or copy and paste the link into your browser: Approved on behalf of the Board: Director Director VendTek Systems Inc. Unaudited Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (All amounts expressed in Canadian dollars) To view this table, please either click on the link below, or copy and paste the link into your browser: VendTek Systems Inc. Unaudited Condensed Consolidated Statements of Changes in Equity (All amounts expressed in Canadian dollars) Three months ended January 31, 2014 and 2013 To view this table, please either click on the link below, or copy and paste the link into your browser: VendTek Systems Inc. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts expressed in Canadian dollars) Three months ended January 31, 2015 and 2014 To view this table, please either click on the link below, or copy and paste the link into your browser: [1] (#_ftnref1) Management defines Adjusted EBITDA as net income adjusted for financing, taxes, depreciation, amortization expenses, impairment of non-financial assets, foreign exchange differences and stock based compensation expense. Please see the Management Discussion and Analysis for more details. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: VendTek Systems Inc (TSX Venture:VSI) www.vendteksystems.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
VSI.VN: 0.005 (unch)
F3 Acquires Debenture of VendTek Systems
Filing Services Canada XHTML - Thu Feb 05, 3:40PM CST
VSI.VN: 0.005 (unch)
Vendtek Announces the Appointment of Senior Financial Executive to Its Board of Directors
Filing Services Canada XHTML - Mon Jan 26, 3:01PM CST
VSI.VN: 0.005 (unch)
Vendtek Systems Announces Binding Letter Agreement for Purchase of Securities
Filing Services Canada XHTML - Wed Dec 10, 3:03PM CST
VSI.VN: 0.005 (unch)
VendTek Announces Share Consolidation
Filing Services Canada - Wed Apr 22, 7:08PM CDT
VendTek Announces Share Consolidation Vancouver, British Columbia (FSCwire) - VendTek Systems Inc. (VSI TSX Venture) (the Company or VendTek) announced today that it intends to complete a consolidation (the Consolidation) of its common shares (the Common Shares) on the basis of (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. The Companys articles of incorporation authorize the board of directors to approve certain changes to the Companys capital structure, including the Consolidation. As such, shareholder approval is not required. The Consolidation is subject to TSX Venture Exchange (the TSXV) approval. The Company anticipates that its post-Consolidation Common Shares will begin trading on the TSXV on or about April 24, 2015. Following the Consolidation, the Company will have approximately 7,264,583 Common Shares outstanding. The Companys outstanding options, warrants and debentures will be adjusted on the same basis (10:1), with proportionate adjustments being made to exercise and conversion prices. No fractional Common Shares will be issued and no cash will be paid in lieu of fractional post-Consolidation Common Shares. The number of post-Consolidation Common Shares to be received by a shareholder will be rounded down to the nearest whole Common Share. A letter of transmittal will be mailed to shareholders advising that: (i) the Consolidation has taken effect; and (ii) shareholders should surrender their existing share certificates (representing pre-Consolidation Common Shares) for replacement share certificates (representing post-Consolidation Common Shares). Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation. About VendTek VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers use e-Fresh" software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and selfserve 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, Brazil, the Middle East and Africa. For further information please visit the Company's websites www.vendteksystems.com and www.nowprepay.com. For more information contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com. Forward-looking Statements This press release contains statements which are not current statements or historical facts and are forward-looking information within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, contained in this press release constitute forward-looking information. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the TSXVs approval of the Consolidation and the anticipated timing of the effective time of the Consolidation. Although the forward-looking information in this press release reflects the Companys current beliefs on the date of this press release based upon information currently available to management and based upon what management believes to be reasonable assumptions, the Company cannot be certain that actual results, performance, achievements, prospects and opportunities, either expressed or implied, will be consistent with such forward-looking information. By its very nature, forward-looking information necessarily involves significant known and unknown risks, assumptions, uncertainties and contingencies that may cause the Companys actual results, assumptions, performance, achievements, prospects and opportunities in future periods to differ materially from those expressed or implied by such forward-looking information. There may be other factors that cause results, assumptions, performance, achievements, prospects or opportunities in future periods not to be as anticipated, estimated or intended. Accordingly, all such factors should be considered carefully when making decisions with respect to the Company, and prospective investors should not place undue reliance on forward-looking information. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. 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. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...222015.pdf Source: VendTek Systems Inc (TSX Venture:VSI) www.vendteksystems.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
VSI.VN: 0.005 (unch)
BUYINS.NET: CENTA, DBS, KXI, VSI, VGLT, BCOM Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Tue Apr 07, 7:03AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Central Garden & Pet Co (NASDAQ:CENTA), PowerShares DB Silver Fund (NYSE
BS), iShares S&P Global Consumer Staples Index Fund (NYSE:KXI), VendTek Systems Inc (NYSE:VSI), Vanguard Long Term Government Bond ETF (NASDAQ:VGLT), B Communications Ltd (NASDAQ:BCOM) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at: KXI: 99.89 (-0.39), VSI: 31.96 (+0.08), DBS: 31.11 (+0.13), BCOM: 25.10 (-0.47), CENTA: 23.66 (+0.24), VGLT: 85.20 (+0.15)
VendTek Systems Announces Fiscal 2015 Q1 Financial Results
Filing Services Canada - Mon Mar 30, 8:26PM CDT
VendTek Systems Announces Fiscal 2015 Q1 Financial Results Vancouver, British Columbia (FSCwire) - VendTek Systems Inc. (VSI - TSX Venture) (the "Company"
, a developer and licensor of software for the global prepaid telecom and financial services markets,today reported its financial results for its first quarter of fiscal 2015 ended January 31, 2015 (Q1 2015). Selected Financial Information Revenue for the quarter ended January 31, 2015 decreased $183,513 to $264,802, or 40.9% from $448,315 in the prior fiscal quarter of Q1 2014; Operating expenses were $614,237 compared to $830,014 in the prior fiscal quarter. Adjusted EBITDA[1] (#_ftn1) loss was $315,798 for Q1 2015 compared to a loss of $339,873 for the prior year; Net loss from continuing operations was $429,649 compared to $536,582 in the prior fiscal quarter; Cash used in operations was $260,846 for Q1 2015, compared to $927,130 cash used in operations in the prior fiscal year; Cash and cash equivalents was $196,505 at January 31, 2015 compared to $291,366 at October 31, 2014. These consolidated financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. For the quarter ended January 31, 2015 the Company has incurred a net loss from continuing operations of $429,649 and negative cash flows of $260,846 from operating activities. The Company also has a working capital deficiency of $3,247,990 and a shareholders deficiency of $3,789,433 as at Januay 31, 2015. These conditions raise significant doubt about the ability of the Company to continue as a going concern without additional financing or renegotiate the terms of existing financing. In addition to the funds raised subsequent to quarter end, Management is pursuing several sources of additional financing (both debt and equity) and is of the opinion that sufficient working capital will be obtained from: external financing, renegotiation of existing financing; and improved operations to meet the Companys liabilities and commitments as they become due, although there is significant risk that this may not happen on a timely basis or on terms acceptable to the Company. These consolidated financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements. Subsequent to quarter end, on February 5, 2015, the Company issued $350,000 of secured convertible debentures (Convertible Debentures) on a private placement basis that will mature on February 4, 2018. These bear interest at a rate of 1.0% per annum and have a conversion price of $0.05 per common share in the first year of the term and $0.10 in the remainder of the term. In addition, the Company issued 7,000,000 additional warrants exercisable at $0.05 per common share with the issuance of these Convertible Debentures. VendTeks MD&A and complete financial statements and notes are available at www.sedar.com (http://www.sedar.com) and the Companys website www.vendteksystems.com (http://www.vendteksystems.com). For more information or to receive the complete statements please contact Samantha White at 604-805-4653 or 1-800-806-4958 or investment@vendteksystems.com (mailto:investment@vendteksystems.com). VendTek Systems Inc. Unaudited Condensed Consolidated Statement of Financial Position (All amounts expressed in Canadian dollars) October 31, 2012 and 2011 To view this table, please either click on the link below, or copy and paste the link into your browser: Approved on behalf of the Board: Director Director VendTek Systems Inc. Unaudited Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (All amounts expressed in Canadian dollars) To view this table, please either click on the link below, or copy and paste the link into your browser: VendTek Systems Inc. Unaudited Condensed Consolidated Statements of Changes in Equity (All amounts expressed in Canadian dollars) Three months ended January 31, 2014 and 2013 To view this table, please either click on the link below, or copy and paste the link into your browser: VendTek Systems Inc. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts expressed in Canadian dollars) Three months ended January 31, 2015 and 2014 To view this table, please either click on the link below, or copy and paste the link into your browser: [1] (#_ftnref1) Management defines Adjusted EBITDA as net income adjusted for financing, taxes, depreciation, amortization expenses, impairment of non-financial assets, foreign exchange differences and stock based compensation expense. Please see the Management Discussion and Analysis for more details. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: VendTek Systems Inc (TSX Venture:VSI) www.vendteksystems.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. VSI.VN: 0.005 (unch)
F3 Acquires Debenture of VendTek Systems
Filing Services Canada XHTML - Thu Feb 05, 3:40PM CST
VSI.VN: 0.005 (unch)
Vendtek Announces the Appointment of Senior Financial Executive to Its Board of Directors
Filing Services Canada XHTML - Mon Jan 26, 3:01PM CST
VSI.VN: 0.005 (unch)
Vendtek Systems Announces Binding Letter Agreement for Purchase of Securities
Filing Services Canada XHTML - Wed Dec 10, 3:03PM CST
VSI.VN: 0.005 (unch)
