Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

June 02, 2009 13:57 ET

Mint Signs Contract with Something Corporation Plc

TORONTO, ONTARIO and LONDON, UNITED KINGDOM--(Marketwire - June 2, 2009) -

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Mint Technology Corp. ("Mint") (TSX VENTURE:MIT) today announced that it has signed a contract with Something Corporation Plc ("Something"), a company based in London, United Kingdom, to work with Mint in relation to a fully managed payment and remittance solution involving a wallet, internet and SMS transaction structure and a prepaid card program.

Mint will provide the services to deliver its prepaid programs containing a complete end-to-end and fully managed payment and re-load solution. This involves a wallet and SMS structure with Mint's prepaid cards to ensure it caters to all customer demographics including: wallet structure and SMS platforms, merchant set up for various companies under the Something brand, internet and SMS transactions in that wallet between customers and merchants, physical product purchases, multiple load method, internet access to accounts, customer to customer fund movements and national and international remittance to card holders and non-card holders.

Additionally, Something will provide to Mint's prepaid card holders a structure to allow for seamless movement of funds, low balances and load alerts, instant access to funds, 24 hour access to funds with a secure PIN with access to global network of ATM's that can be used at retailers point of sale, and international usage when travelling abroad.

Chris Hogg, President and CEO of Mint commented, "This contract with Something gives Mint a formidable position to enter the UK prepaid market. With Something Corporation as partners, Mint is well positioned to tap into the UK prepaid market this year."

Duncan Ward, Executive Director, Something Corporation, added, "The market for prepaid products is experiencing rapid growth in the UK, and we are looking forward to working together with Mint to bring some exciting solutions to the UK marketplace."

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.

ABOUT SOMETHING CORPORATION

Something Corporation is a single digital lifestyle service provider. Something Corporation offers a range of solutions including television on demand, broadband, wireless, telephone, radio and mobile services. Something Corporation is headquartered in London, UK and has presence in West Sussex, UK, Hong Kong, Shenzhen (China), Turkey, Cyprus, Kuala Lumpur (Malaysia), Brunei and Seattle (USA). Something Mobile's research and development office is based in Kuala Lumpur, Malaysia.

For additional information please visit www.mintinc.com.

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