SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

November 03, 2011 13:00 ET

SelectCore Adds PayPal to Social Time Facebook Platform

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2011) - SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market is pleased to announce the acceptance of PayPal on the Company's recently launched Facebook Social Time platform (www.socialtime.ca).

Social Time allows Facebook users a safe and convenient way to top-up prepaid mobile phones of friends and family domestically or abroad in real-time. The recipient instantly receives notification via text message and their Facebook inbox that their account has been topped-up in their local currency. Recipients can also request a top-up from their friends through their Facebook account. The platform currently supports mobile top-up for many of the major international and domestic carriers including Telcel, Digicel, Claro, Lime, Movistar, Vodafone, Rogers, Telus and Bell to name just a few.

The addition of PayPal allows SelectCore to significantly broaden is geographic reach offering a convenient method to fund prepaid accounts. With over 100 million active PayPal subscribers and 800 million active Facebook users, Social Time is now integrated with both the world's largest social media and e-commerce payment platforms.

Social Time enables a new means of remittance for the 'banked' funding the 'unbanked', offering a global method of requesting and sending mobile top-up. With over 350 million active Facebook users accessing their accounts via their mobile device, this represents a sizable opportunity to capture and convert traditional remittances to our platform.

"The addition of PayPal is key to the global expansion of Social Time" said Keith McKenzie, CEO of SelectCore. "PayPal operates in 190 markets and in 24 currencies, allowing us to reach well beyond our domestic market."

To learn more about Social Time or to request or send a mobile top-up, simply login with your Facebook account at www.socialtime.ca.

About SelectCore

Established in 1999, SelectCore is a leading provider of transaction processing and point-of-sale solutions for the prepaid telecom market and prepaid financial services sector. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked and credit-challenged consumers through its technology platforms and retail distribution network across Canada and the United States. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol "SCG" (TSX VENTURE:SCG). SelectCore was ranked by Profit100 as one of Canada's fastest growing companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one of North America's fastest growing companies on Deloitte's 2011 Technology Fast 500.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to the regulatory approval process, market and financing conditions as well as risks associated with the prepaid telecom and prepaid financial industries, changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's management's discussion and analysis for the period ended June 30, 2011, available on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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