Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

November 12, 2009 14:14 ET

Mint Announces Market Guidance Policy

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint" or the "Company")(TSX VENTURE:MIT) today announced that it intends to provide general market guidance as to key performance metrics of the Mint businesses.

The guidance will be known as "Management's Monthly Market Guidance" and will be disclosed on a monthly basis by new release and by posting to the Company's website under the Investor Relations - Reports and Filings section.

Mint is pleased to provide the following historical and forward looking performance information:



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Forward looking forecast
Actual Actual performance information incl.
August September % Month on mth on mth growth %
Description 2009 2009 Month Growth
October 2009 November 2009
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Registered
cards 11,607 159,572 1,374% 173,000 +8% 205,000 +18%
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Active cards 4,506 55,149 1,223% 58,718 +6% 75,000 + 28%
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NOTES:

1. All numbers are expressed in C$
2. Registered cards represent cards issued under an individual cardholder
agreement or a master agreement with a business partner
3. Active cards represent a card that has been used at any time during the
previous 60 days and has generated revenue for the Company during the
month of reporting


Mint's forward looking forecast of contracted cards, active cards and gross load value was arrived at by analysis of the company's forward orders in hand and historical activation rates. The significant increase in September is largely attributable to the Mint Middle East business.

Mint will continue to report full financial results including Management's Discussion and Analysis on a quarterly basis in accordance with TSX regulations.

ABOUT MINT TECHNOLOGY CORP:

Mint Technology Corp. is a pioneer in prepaid financial products and services and is Canada's first provider of prepaid credit card programs. As a MasterCard® Member Service Provider, Mint works with business partners to customize prepaid credit card programs that are tailored to meet a company and its card holder's needs. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage financial transactions. Mint also provides services for those clients looking to move towards 'next generation' payment methods that include chip, internet, data mining and mobile phone load and remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Mint has businesses and subsidiaries in Canada, USA, UK and United Arab Emirates. Stock Symbol: MIT on the TSX Venture Exchange.

Forward-looking Statements.

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or our future performance, including the forecast monthly performance information. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mint, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, delays in rolling out card programs, the ability of Mint to obtain financing and the terms of any financing, the possibility of technical, logistical or planning issues in connection with deployment of Mint's products and solutions, demand for Mint's products, and other factors discussed in Mint's MD&A filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of Mint believes are reasonable assumptions on the date of this new release, Mint cannot assure investors that actual results will be consistent with these forward looking statements. These forward-looking statements are made as of the date of this news release, and unless otherwise stated Mint assumes no obligation to update or revise them to reflect new events or circumstances.

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.

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