TORONTO, ONTARIO--(Marketwire - Feb. 7, 2013) -
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Mint Technology Corp. (TSX VENTURE:MIT) ("Mint" or the "Company") announces today that Prakash Hariharan, has agreed to join the Board of Mint Capital LLC and Mint Capital SPC with effect from February 1, 2013 as an Executive Director. Mr. Hariharan will be actively involved in the future strategic direction of both business units including their capital structure and funding needs. Mint Capital is the Company's recently launched microfinance subsidiary.
Chris Hogg, Executive Chairman, said today, "Prakash is a great addition to our executive team. Prakash is a respected Portfolio Manager and investor in Toronto and has a strong understanding of credit, capital markets and financing consumer receivables through his role as a fund manager and his involvement in structured finance and various asset backed securitization programs. We welcome him to the Mint family."
Mr. Hariharan has been a well-known portfolio manager for Front Street Capital which he joined in 2005. Mr. Hariharan is a leading expert in credit analysis and is a regular speaker on BNN as a recognized expert in credit. In additional, Mr. Hariharan has been an active manager in growth portfolios, particularly related to technology and agriculture. He managed the Front Street Growth and Income Class portfolios. He also acted as one of the primary co-portfolio managers of the Front Street Diversified Income Class portfolio, with combined assets in excess of $400m. The Front Street Diversified Fund has been Morning Star 5 rated and Fund Data A rated during various periods and forms a core portfolio for Front Street products. Mr. Hariharan was previously with Dominion Bond Rating Services ("DBRS"), analyzing and rating structured investment products, corporate credit and asset-backed securities. During that period, he was a lead analyst at DBRS in rating a number of asset-backed securities, split-share and other derivative products. He holds a financial engineering degree from York University, an MBA from the Schulich School of Business and an undergraduate degree in Chemical Engineering.
ABOUT MINT TECHNOLOGY CORP.
Established in 2004, Mint is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through 4 subsidiaries, Mint Middle East LLC, a payroll card services provider; Mint Capital LLC, a financial products distribution company; Mint Global Processing Inc., a fully integrated third party processing platform; and ePAY, a mobile airtime POS and Merchant network solutions business. Mint has 108 employees in 8 offices in UAE (3), Qatar, Jordan, Egypt, USA and Canada where Mint is listed on the TSX Venture Exchange: MIT.
For additional information please visit www.mintinc.com.
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