Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

September 20, 2011 14:18 ET

Mint Announces Successful Integration of the Client Contracts and Payroll Cards Following Workers Equity BSC Portfolio Acquisition

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2011) -

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Mint Technology Corp. ("Mint or the "Company") (TSX VENTURE:MIT) announces that the Company has successfully integrated the card portfolio of the payroll card services provider, Workers Equity BSC, ("WEH") following the acquisition announced on May 19, 2011, and closed on July 15, 2011.

Mint has assigned 95% of the client contracts from the WEH acquisition as at today comprising approximately 180,000 prepaid cards now under Mint's management. The addition of this portfolio, together with previously announced contract wins, will bring Mint's total card portfolio to approximately 420,000 by year end.

Mint's Executive Chairman, Chris Hogg, said today, "I am particularly pleased to announce this acquisition was integrated into our system on-time and on-budget within 45 days of the close. I would like to thank both the Mint team and the Workers Equity support group for this accomplishment. This consolidates Mint's position as the leading and largest non-bank provider of prepaid and payroll card products in the Middle East and is another step forward in the delivery of our business plan to be the number one provider of financial products to the unbanked in emerging markets, primarily in the MENA region".

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 number of cards Mint expects to have in its portfolio by year end in this news release. 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 be not 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 and 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.

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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