Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

February 12, 2010 14:29 ET

Mint Announces Market Guidance

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint" or the "Company") (TSX VENTURE:MIT) today announced its general market guidance as to key performance metrics of the Mint businesses.

The guidance known as "Management's Monthly Market Guidance" is disclosed on a monthly basis by new release and by posting to the Company's website under the Investor Relations - Reports and Filing section.

Mint is pleased to provide the following historical and forward looking performance information:



FORWARD LOOKING FORECAST
PERFORMANCE INFORMATION incl.
ACTUAL ACTUAL % MONTH MTH ON MTH GROWTH %
DECEMBER JANUARY ON MONTH ------------------------------
DESCRIPTION 2009 2010 GROWTH FEBRUARY 2010
---------------------------------------------------------------------------
Registered
cards 181,667 180,638 0% 197,000 (9%)
---------------------------------------------------------------------------
Active
cards 96,346 111,509 16% 134,000 (20%)
---------------------------------------------------------------------------


The Company's key objective in closing the gap between registered and active cards (October, 66% and December, 53%) is being delivered upon by reference to the January actual which shows this gap now down to 32%. As only active cards generate monthly revenue for the Company, this is an important metric for us to continuously improve.

In March, 2010, Mint Middle East's new contract sales strategy will begin to focus on the small business (SME) market where there are a large number of employers needing the payroll card product. Although card numbers are smaller than the Company's corporate client base, the margins on each card are higher.

Mint will continue to report full financial results including Management's Discussion and Analysis on a quarterly basis in accordance with TSX regulations.



NOTES:

1. Registered cards represent cards issued under an individual cardholder
agreement or a master agreement with a business partner

2. Active cards represent a card that has been used at any time during
the previous 60 days and has generated revenue for the Company during
the month of reporting


ABOUT MINT TECHNOLOGY CORP:

Mint Technology Corp. is a pioneer in prepaid financial products and services 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 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, internet, data mining and mobile phone load and remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Mint has businesses and subsidiaries in Canada, USA, UK and United Arab Emirates. Stock Symbol: MIT on TSX Venture Exchange.

Forward-looking Statements.

Certain statements in this news release constitute "forward-looking" statements. These statements related to future events or our future performance, including the forecast monthly performance information. All statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking 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 by 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, the ability of Mint to obtain financing and 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 unless otherwise stated Mint assumes no obligation to update or revise them to reflect new events or circumstances.

For additional information please visit www.mintinc.com.

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.

Contact Information