Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

July 07, 2009 15:54 ET

Mint Technology Announces Changes to Its Board of Directors

TORONTO, ONTARIO--(Marketwire - July 7, 2009) -

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Mint Technology Corp. (TSX VENTURE:MIT) today announced that Richard Groome has stepped down as a director of the Corporation. Chris Hogg, President and CEO commented, "Mint is grateful for the contribution made to the Company by Mr. Groome, and I wish him all the best in his future endeavors."

Professor Dr. Jeremy Stone has been appointed a Director of Mint in Mr. Groome's place. Dr. Stone, based in the United Kingdom, is a physician, CEO, experienced Chairman, strategist, an institutional and professional investor. Professor Stone is Deputy Chairman of Excalibur, a new investment bank based in London, England formed by the merger of Merlin Biosciences (Europe's most successful medical sciences VC) and Merchant Ventures Investments Ltd, of which he was founder and chairman. Excalibur is a specialized financial services firm specializing in insurance and structured finance, arranging more than $3bn of transactions per year. Jeremy has been involved in the creation of more than $6bn of shareholder value since his first investments days.

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.

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