SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

October 21, 2009 09:38 ET

SelectCore Signs New Agreement With TELUS

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2009) - SelectCore Ltd. (TSX VENTURE:SCG), a provider of prepaid telecom and transaction solutions is pleased to announce that it has signed a new, three year service agreement with TELUS, one of Canada's leading national telecommunications companies.

Since 2005, SelectCore has provided TELUS with long distance switching and POSA (point of sale activation) services through the company's proprietary technology platform.

"TELUS is pleased to renew and strengthen our long-standing relationship with SelectCore," said Christopher Smith, Director, TELUS Business Solutions."We see strong growth opportunities in the prepaid card services business and are continuing to invest and develop new products for this important market segment."

Derek Robertson, Vice President of Operations for SelectCore said "We are focused on maintaining long-term relationships with our valued customers and this new agreement speaks to the confidence that TELUS has with SelectCore's technology and level of service". 

About SelectCore:

SelectCore (TSX VENTURE:SCG) is in the business of providing prepaid telecom and transaction-based POSA (point of sale activation) solutions utilizing its own network infrastructure and proprietary technology. 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.

About TELUS

TELUS (TSX:T)(TSX:T.A)(NYSE:TU) is a leading national telecommunications company in Canada, with $9.7 billion of annual revenue and 11.8 million customer connections including 6.3 million wireless subscribers, 4.1 million wireline network access lines and 1.2 million Internet subscribers and more than 100,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed $137 million to charitable and not-for-profit organizations and volunteered more than 2.6 million hours of service to local communities since 2000. Nine TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.

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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