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PoCo software maker's revenue rises 56% as business grows in Canada and Middle East

VendTeck Systems Inc. (TSX-V:VSI) has reported a 56% jump in revenue for the year ending October 31, 2007: $89.8 million compared with revenue of $57.6 million a year earlier.

VendTeck Systems Inc. (TSX-V:VSI) has reported a 56% jump in revenue for the year ending October 31, 2007: $89.8 million compared with revenue of $57.6 million a year earlier.

According to the Port Coquitlam maker of transaction software, growth in its business in Canada and the United Arab Emirates contributed to the company's strong top-line performance.

The company reported net earnings of $769,028, a slight increase over the $750,934 it achieved in 2006.

VendTek's share price range during the past week: between $1 and $1.05; 52-week high: $1.30; 52-week low: $0.60.