VTL Group to expand technology offer
Auckland, 12 October 2006 – VTL Group Limited (NZX:VTL) today announced that in the United States it intends to market
and license its unique proprietary hardware and software management system to the wider vending market under the brand
VTL Group’s chairman, Gary Stevens, says, “This move is in direct response to the increasing number of enquiries from
both industry groups and independent parties, who are urgently seeking a solution that provides greater accountability
and best-practice standards within the vending industry.
Recent publicity in the USA has highlighted the need for site owners to have transparent reportingabout the sale of
products on those sites.
Growing market awareness of the integrity and accountability that VTL Technologies can provide is clearly an opportunity
to expand our technology offer to run independently and complementary to our franchising business program.
We recognize the need for “Chinese walls” to ensure confidentiality and security of information for these users.
Over the past eight years, VTL Group has invested a considerable sum developing a completely integrated operating and
management system. We have the only fully integrated system that provides all clients with a high level of transparency
and integrity for both the financial and product transactions from their vending machine. This includes direct online
access from their vending cashbox, 24 hours a day.
With VTL Technologies, clients receive accurate cashbox reporting, maximized sales revenue andleading edge support.”
VTL Technologies intends to certify qualified companies to license its system throughout NorthAmerica.
“Our objective is to make the VTL Technologies industry certification programme synonymous withoperating excellence and
uncompromised accountability.” says Stevens. “Our clients will rebuild competitive and profitable businesses in a market
sector that has been stagnant for some years.”
In addition, VTL Technologies plans to offer consulting services to the vending industry to improveoperating
efficiencies, profitability, product ranging, service standards and debt reduction.
VTL Technologies employs a team of hardware and software engineers in New Zealand, Europeand the United States who are
dedicated to continuous system improvement. The company recently outsourced its data storage to an external independent
data center service provider to ensure the confidentiality and security of customer information.