VANCOUVER - October 22, 2015 - VendTek Systems Inc. (VSI - TSX Venture) (the 'Company'), announced today that it has received a demand for payment by its secured creditor, F3 Capital Partners Ltd. ('F3 Capital'), in the amount of $1,375,932 (being payment in full for its outstanding debt, plus interest accrued thereon). F3 Capital, which is the Company's largest shareholder and which is controlled, directly or indirectly, by certain officers and directors of the Company, has noted in its demand letter that it intends to take action to enforce its security on the Company's property unless the Company makes payment in full of the debt by no later than November 2, 2015.

The Company does not currently have sufficient cash on hand to make payment in full in respect of the demand, and does not expect to be able to raise sufficient capital in the short term to make payment in full by the deadline noted in the demand. The board of directors of the Company is considering its options in response to the demand for payment and will provide an update to the market as soon as a decision has been made. Felipe Ayres, the Chief Executive Officer and a director of the Company, has recused himself from considerations and discussions relating to the demand notice due to his relationship with F3 Capital.

About VendTek

VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers and its subsidiaries use e-Fresh™ software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and self-serve 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, the Middle East and Africa. For further information please visit the Company's website www.vendteksystems.com

For more information please contact Samantha White at 604-805-4653 or 1-800-806-4958 or

investment@vendteksystems.com

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