Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

September 09, 2010 17:04 ET

Mint Launches Kids Rewards Card Targeted at US Schools Fundraising Projects

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2010) -

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Mint Technology Corp. (TSX VENTURE:MIT) (Corporation) announced today that the Corporations US business unit, Mint Loyalty Solutions Inc, has launched its School marketing campaign for the Fall fundraising season with a new look Loyalty card and website www.kidscardrewards.com.

Kids Card Rewards is a unique opportunity for Schools in the US to fundraise for educational projects by selling the Kids Cards to families who will then enjoy discounts and rewards across all 50 states with more than 100,000 retail, restaurant and movie offers to take advantage of.

Mint Loyalty Solutions, Director, Brad Kernohan said today, "We already have over 20,000 card sales committed and expect to achieve our next quarter goal of 50,000 cards sold. This we expect will be a big hit with Schools who constantly face the challenges of meeting budget gaps for educational projects and to date have had limited tools to fundraise. The cards sell for $20 and this is usually recouped by the families through the first two discount purchases at a wide range of merchants including Dick's Sporting Goods, Tony Roma's, Sketchers, Domino's Pizza, Loft and many more throughout the USA."

Mint CEO, Chris Hogg, said "This is an exciting launch of an innovative loyalty rewards product that has been 9 months in the making and we are confident it will prove to be one of the US's most successful fundraising initiatives for Schools whose PTA's and Fundraisers have been limited to date to restaurant guides and cookies for raising much needed additional funding for sporting and IT equipment and the like."

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. Stock Symbol: MIT on the TSX Venture Exchange.

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 forecast concerning increases in revenue and improving EBITDA performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements 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, 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, the demand for Mint's products failing to occur, 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.

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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