Mint Technology Corp.

Mint Technology Corp.

March 10, 2009 09:30 ET

Mint and Canadian Tire to Introduce Branded Prepaid MasterCard

TORONTO, ONTARIO--(Marketwire - March 10, 2009) - Mint Technology Corp. and Mint Capital Corp. ("Mint" or "the Company")(TSX VENTURE:MIT) today announced that it is has entered into an agreement with Canadian Tire Financial Services Limited to introduce a new Canadian Tire branded prepaid MasterCard® product.

The prepaid cards will be accepted at any merchant in the world that accepts MasterCard electronically, including the internet and ATM cash withdrawals. They offer the convenience of a traditional credit card without the need for a credit application and of a debit card without the need for a bank account.

"Canadian Tire Financial Services Limited is committed to continuing to provide innovative payment offerings to our customers," said Jim Kozack, vice president, marketing, Canadian Tire Financial Services Limited.

"This announcement demonstrates our ability to rapidly develop new products that address untapped markets and opportunities," commented Mr. Hogg President and CEO of Mint, "Prepaid cards provide customers with a low cost, secure payment alternative to cash, debit cards and cheques. We are delighted to be given the opportunity to deliver a prepaid solution to such a respected corporation as Canadian Tire."

The prepaid card will be available to residents of the Province of Ontario. A self-serve website will also be launched where prepaid card customers can load funds to their card and view transactions.

About Mint Technology Corp.

Mint Technology Corp. ("Mint") is a global provider of prepaid business solutions 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 customers/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 and pin, web enabled tools, data mining and analytics and mobile phone load and money remittance technologies. Mint's prepaid card products include general spend for the banking underserved, youth, migrants and employee payroll through offices and agents in Canada, United States of America, United Kingdom and Gulf Cooperation Council Countries. Stock Symbol: MIT, TSX-V

About Canadian Tire Financial Services Limited.

Located in Welland, Burlington and St. Catharines Ontario, Canadian Tire Financial Services Limited is a wholly owned subsidiary of Canadian Tire Corporation, Limited. Canadian Tire Financial Services Limited is primarily engaged in marketing and promoting Canadian Tire branded financial products and services. In addition, Canadian Tire Financial Services Limited operates the Canadian Tire Roadside Assistance program.

Forward-looking Statements.

Certain statements in this news release may constitute "forward-looking" statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "may", "will", "expect", "believe", "plan", "intend", "are confident", "anticipate" and other similar terminology. These statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mint, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, delays in rolling out card programs now under contract, the ability of Mint to obtain financing and the terms of any financing, the possibility of technical, logistical or planning issues in connection with deployment of Mint's products and solutions, demand for Mint's products, and other factors discussed in Mint's MD&A filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of Mint believes are reasonable assumptions on the date of this new release, Mint cannot assure investors that actual results will be consistent with these forward looking statements. These forward-looking statements are made as of the date of this news release, and Mint assumes no obligation to update or revise them to reflect new events or circumstances.

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