Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

July 15, 2011 10:38 ET

Mint Announces Senior Appointment to Executive Team

TORONTO, ONTARIO--(Marketwire - July 15, 2011) -

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Mint Technology Corp. ("Mint or the "Company") (TSX VENTURE:MIT) announces that the Company has appointed Mr. Ali. M. Jarallah as a Managing Director of the Corporation's Dubai based subsidiary, Mint Middle East LLC. Mr. Jarallah has made several studies on payment systems in the UAE and has spent the last 27 years at the Central Bank of UAE. He was the Senior Manager in the UAE Central Bank, Banking Operations Department, and responsible for Payment Systems including the Wages Protection System, enacted as law by the UAE government in 2009.

This payment system today manages over $2 Billion of wages a month throughout the United Arab Emirates and is a shining example to the region of the successful implementation of a law which brought about a social safety net and an electronic payroll framework for all foreign workers in the UAE. In addition, Mr. Jarallah has important relationships with other Central Banks across the MENA region.

Mint Director and Mint Middle East CEO, Nabil Bader said today, "Mr. Jarallah's appointment to our team will strengthen our management resources and open a number of important business development opportunities throughout the region based upon his deep knowledge, understanding and experience gained from working within the UAE Central Bank for such a long period".

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or our future performance. Forward-looking statements include the expected business development successes expected from the management appointment referred to. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those 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, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. 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 news release, Mint cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and Mint disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

ABOUT MINT TECHNOLOGY CORP

Mint Technology Corp. is a pioneer in prepaid financial products and services and was Canada's first provider of prepaid credit card programs. Today, Mint through its subsidiary Mint Middle East LLC based in Dubai designs, builds and manages an end to end card based payments solution for employers and employees for the payment of wages and benefits. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage these 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 money remittance technologies.

Stock Symbol: MIT on the TSX Venture Exchange.

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.

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