SOURCE: Mint Technology Corp.

December 13, 2007 11:07 ET

Mint Announces Restructuring and Expected Charges

TORONTO--(Marketwire - December 13, 2007) - Mint Technology Corp. ("Mint" or the "Company") (TSX-V: MIT) announced today the restructuring of its Mint Inc. and Mint Shared Services Inc. subsidiaries. Charges for the restructuring include a workforce reduction of approximately 5 full-time employees or approximately 30% of the Company's total workforce.

Dean Thrasher, Executive Vice President - Corporate Development, is no longer with the Company. The Company would like to thank Mr. Thrasher for his long standing tenure with Mint and wish him well in his future endeavours.

About Mint Technology Corp.: Through its wholly owned subsidiaries, Mint is a leading payment solutions company. With its payment platform and prepaid credit card programs, Mint is the first in Canada to facilitate and deploy prepaid credit cards with unique features such as co-branding and loyalty programs, and new wireless payment alternatives such as contactless functionality. The company is headquartered in Toronto, Ontario.

The TSX venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may include statements about future events and/or financial statements that are forward looking in nature, subject to risks and uncertainties.

Contact Information

  • For more information please contact:
    Mike Forzley, CA
    Chief Financial Officer
    Mint Technology Corp.
    Tel: 416.581.0001 x243
    Fax: 416.581.1527
    Email Contact