Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

September 26, 2011 16:29 ET

Mint's Growing Business and Its Share Price

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint or the "Company") (TSX VENTURE:MIT) announces today that there has been no material change in the Company nor has there been any insider selling that would account for the recent decline in its share price.

Mint's core business, prepaid payroll cards and related financial products in the Middle East remains unaffected by volatile capital markets. Mint recognizes that its share price has fallen significantly since its last successful capital raise and wanted to remind shareholders of the continued growth in its core business as announced on September 21, 2011.

Chris Hogg, Executive Chairman said, "Our share price today is 30% lower than it was a year ago; however, our revenue is 250% higher and our underlying business, our balance sheet, our cardholder numbers and our growth projections have all improved considerably."

"Our business model is driven by government regulation and the needs of the unbanked throughout the MENA region. This together with the strength of our local management team and the value of what Mint brings to the market ensures Mint's future continues to remain bright even through this difficult time in the Western capital markets", said Nabil Bader, President and CEO of Mint.

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 future of Mint's business 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 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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