SelectCore Ltd.

SelectCore Ltd.

June 16, 2010 08:24 ET

SelectCore Ranked One of Canada's Fastest-Growing Companies

TORONTO, ONTARIO--(Marketwire - June 16, 2010) - SelectCore Ltd. (TSX VENTURE:SCG), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market, is pleased to announce that it has been ranked again as one of "Canada's Fastest Growing Companies" by Profit 100 Magazine. 

Profit 100 ranks the country's most successful companies based on their revenue growth over the past 5 years and celebrates the achievement and entrepreneurial spirit of businesses which have thrived despite a challenging economic climate. "Canada's Fastest-Growing Companies are the poster children from entrepreneurship, innovation and pure tenacity," says Ian Portsmouth, editor of PROFIT. "They demonstrate what it takes to succeed in today's highly competitive, technology-driven global economy."

This is the third time in five years the company has been included in the Profit Magazine list. The company was ranked 155 with a 5-year growth rate of 279% for 2009 and previously made Profit 100's top 100 list in 2006 and 2007.

"We are honoured to be recognized once again by Profit 100. Our significant year over year growth is a direct result of our proprietary technology, entrepreneurial management team and dedicated employees" commented Ryan Deslippe, President of SelectCore.

About SelectCore:

SelectCore (TSX VENTURE:SCG) is in the business of providing prepaid telecom, prepaid financial and transaction-based POSA (point of sale activation) solutions utilizing its own network infrastructure and proprietary PrepaidONE technology platform. SelectCore connects everyone with prepaid products and services through its nation-wide distribution channel of thousands of retail convenience and grocery store locations. 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. 

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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