SOURCE: Mint Technology Corp.

December 02, 2005 12:33 ET

Mint Announces Appointment of New CEO

TORONTO -- (MARKET WIRE) -- December 2, 2005 -- Mint Technology Corp. (TSX-V: MIT), a leading payment solutions company, is pleased to announce the appointment of Frank Maduri to the position of President & CEO. Mr. Maduri brings a depth of knowledge and experience to the Company having spent more than eighteen years combined at Rogers, AT&T Wireless, Bell Mobility and Nortel Networks. During his career, Mr. Maduri has had a series of successes introducing and commercializing new and innovative products and technologies in the Canadian marketplace.

Robert Elensky, the current CEO of Mint, will assume the position of Chairman. In this capacity, Mr. Elensky will focus on strategic initiatives and corporate development. Robert Elensky founded Mint after more than fifteen years of international business management experience including company mergers and acquisitions, company solvency and growth strategies, and new market emergence for both stable and new ventures in consumer goods and financial services.

"With the industry experience, leadership and reputation that Frank Maduri brings to his new role at Mint we are in a position to create one of the most dynamic and pioneering companies in the payment solutions area," stated Robert Elensky, "Furthermore, this will free my commitment to the daily operations of the Company whereby I will now be able to fully focus on strategic alliances and initiatives."

For further information contact:

Dean Thrasher
Executive Vice President, Corporate Development
Mint Technology Corp.
Phone: 416-581-0001 ext. 241
Fax: 416-581-0006
Email: dthrasher@mintinc.com
About Mint Technology Corp.

Mint is a leading payment solutions company. Through the Company's payment platform, Mint is the first in Canada to facilitate and deploy prepaid MasterCard® cards with unique features such as co-branding and loyalty programs and new wireless and contactless payment alternatives such as prepaid MasterCard cards with PayPass™ functionality. Mint enables fully featured prepaid credit card programs by offering a back-office platform, transaction processing and full service card management including program implementation and deployment. The company is headquartered in Toronto, Ontario. To find out more about Mint Technology Corp. (TSX-V: MIT), visit our website at www.mintinc.com.

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Contact Information

  • For further information contact:

    Dean Thrasher
    Executive Vice President, Corporate Development
    Mint Technology Corp.
    Phone: 416-581-0001 ext. 241
    Fax: 416-581-0006
    Email: Email Contact