Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

April 07, 2010 10:40 ET

Mint Signs International Money Remittance Services Agreement in Abu Dhabi

TORONTO, ONTARIO--(Marketwire - April 7, 2010) -

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

Mint Technology Corp. (TSX VENTURE:MIT) announced today that its Middle East business, Mint Middle East, LLC/Waseela (MME/Waseela) has signed a Money Remittance Services Agreement with Lulu International Exchange LLC to provide international remittance services to the company's corporate clients' employees throughout the United Arab Emirates.

Mint Technology Corp, President and CEO, Chris Hogg said today "This is an important next step in providing additional financial services to our payroll cardholder base in the Middle East. Money Transfer services are utilized by over 80% of our current cardholders through a range of alternative providers until now. We are uniquely placed to provide a cheaper, quicker and more secure service directly to the employees of our corporate client base at their place of work enabling them to send money to their families and friends anywhere in the world through our partner Lulu".

Lulu International Exchange is a subsidiary of EMKE Group one of the most diversified Business conglomerates in the Arabian Gulf. The EMKE Group is home to a multinational employee profile that includes 20,000 employees across 29 countries. (www.luluexchange.com)

The agreement provides for Lulu to provide FX services globally to payroll cardholders in partnership with MME/Waseela including sales staff on site at Mint's client locations on pay day to enable cardholders to directly transfer money home through a payout network in India, Bangladesh, Nepal, Pakistan, Philippines, South Africa, Sri Lanka, Europe and USA.

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. Stock Symbol: MIT on the TSX Venture Exchange.

For additional information please visit www.mintinc.com.

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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