Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

January 14, 2011 17:36 ET

Mint's Annual Financial Statements Update

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2011) -

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Mint Technology Corp. (TSX VENTURE:MIT) ("Mint" or the "Company"), announced today that it expects to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year-ended August 31, 2010 (the "Year End Filings") on January 20, 2011.

The Year End Filings were due on December 29, 2010. As a result of the delay in filing, the Ontario Securities Commission has issued a management cease trade order that prohibits the CEO, CFO and Board of Directors of the Company from trading in securities of Mint until the Year End Filings have been filed.

The Company's auditors have completed their review of the auditors file in Dubai. The Company had previously announced that the Year End Filings would be made by January 10, 2011.

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 expected date for filing the Year End Filings. 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, 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. 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, any delays in obtaining the audit opinion of the Company's auditors with respect to the financial statements. 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. 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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