SelectCore Ltd.

SelectCore Ltd.

November 09, 2009 14:54 ET

SelectCore Grants Options

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2009) - SelectCore Ltd. (TSX VENTURE:SCG), announces that in recognition of the company's performance The Board of Directors of SelectCore, Ltd. has approved the issuance of 4,900,000 options to the senior management, all full time employees and the members of the Board of Directors The options are exercisable at $0.10 which represents a 53% premium over the current trading price and will expire in 3 years. Martin Bernholtz the Chairman of the Board stated "The CEO, President and CFO as well as other key employees options that were previously granted have all since expired." He further stated "The company has seen growth and improved profitability and the Board felt it appropriate to compensate management and employees for their efforts."

Under SelectCore's stock option plan there is a total of 9,507,471 options available. After the issuance of the options granted today the company will only have 4,607,471 subject to outstanding option grants.

About SelectCore:

SelectCore is a leading provider of Prepaid Telecom and Prepaid Financial Services for the credit-challenged and un-banked consumer markets. We offer products and services directly to consumers through our nation-wide retail channel. We also provide wholesale solutions to corporate clients including some of the country's largest telecom companies and distributors. Profit 100 ranked SelectCore one of Canada's fastest-growing companies in 2006 and again in 2007. SelectCore is listed on the TSX Venture Exchange under the symbol SCG.

This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed.

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The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. 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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