nFinanSe Announces Distribution Agreement with Now Prepay.TAMPA, Fla. -- nFinanSe Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NFSE) today announced that it has signed a distribution agreement to provide nFinanSe[TM] Discover[R] Network Reloadable Prepaid Cards and Gift Cards to Now Prepay, a division of VendTek Systems Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:VSI VSI Vinyl Siding Institute VSI Voltage Source Inverter VSI Virtual Switch Interface VSI Vertical Speed Indicator VSI Voluntary Separation Incentive VSI Virtual Socket Interface VSI Vision Systems International VSI Vertical Shaft Impactor ). Now Prepay has been created specifically to commercialize VendTek's e-Fresh Electronic Distribution Technology within North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. nFinanSe's Vice President of Retail Sales, Karen P. Sobie, "Our agreement with Now Prepay enables us to offer our demonstrably superior and pleasingly different reloadable prepaid cards and gift cards to an additional distribution channel of merchant acquirers and Independent Sales Organizations, or ISOs, throughout the United States. These organizations provide payment processing for a variety of medium-to large-sized merchants that are mostly in the retail, petroleum, grocery and hospitality industries." "We are extremely pleased to partner with nFinanSe and offer their service on our network. The nFinanSe Discover[R] Network Prepaid Cards provide our retailers with further diversified product offerings. We look forward to working with nFinanSe," said Doug Buchanan CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of VendTek. "VendTek is one of the largest prepaid distributors in Canada. We are very excited to be working with them as they expand their footprint into the United States market," closed Ms. Sobie. About nFinanSe Inc. nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) and PC based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States. About VendTek Systems Inc. VendTek develops and licenses automated transaction system software and supporting technologies that improve the efficiency of product delivery, reduce costs to clients and offer superior safety measures safety measures, n.pl actions (e.g., use of glasses, face masks) taken to protect patients and office personnel from such known hazards as particles and aerosols from high-speed rotary instruments, mercury vapor, radiation exposure, anesthetic and . VendTek's customers and its subsidiary, VendTek Systems Technologies (in China), are using e-Fresh[TM] 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[TM] server. This system creates significant value through improved efficiencies compared to the traditional distribution paradigm. e-Fresh[TM] reduces shrinkage and inventory requirements while improving consumer access to prepaid services by completely eliminating physical cards and vouchers. For further information please visit the Company's website www.vendteksys.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This press release contains certain forward-looking statements based on nFinanSe Inc.'s, or the Company's, current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 2006 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. |
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