SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

May 13, 2008 16:56 ET

SelectCore Announces Details of Major Customer Contract

TORONTO, ONTARIO--(Marketwire - May 13, 2008) - Further to its press release dated May 12, 2008 entitled "SelectCore signs major customer contract", SelectCore Ltd. ("SelectCore") (TSX VENTURE:SCG) would like to provide additional information pertaining to the customer contract to provide its proprietary POSA (point of sale activation) technology for the sale of prepaid telecommunication products and services.

The agreement with the arm's length party is for an initial term of five (5) years and is automatically renewed for additional terms of one (1) year unless either party notifies the other of their desire to terminate the agreement. Pursuant to the agreement, SelectCore has received an initial purchase order for 1,000 POS terminals along with a deposit in the amount of $300,000. All 1,000 terminals have been delivered to the customer for deployment and it is expected that an additional 2,000 terminals will be delivered over the next 12 months.

Based on current financial data from SelectCore's terminal deployments, management is of the belief that, should all 3,000 terminals be deployed over the next year, the terminals should generate an aggregate of $25 million within the 12 months and an aggregate of $100 million within the first 36 to 42 months. However, there can be no assurance that the customer will order any additional terminals or if they do so, that the terminals will generate the revenue that management expects.

About SelectCore:

SelectCore (TSX VENTURE:SCG) is in the business of providing prepaid telecommunication solutions to the credit-challenged consumer market across Canada. The offerings, which include wireless, home telephone, long distance and broadband internet are marketed through private-label partnerships as well as company's own nation-wide distribution channel of independent and corporate chain retailers. SelectCore's technology division maintains its own telecom network infrastructure servicing many of Canada's largest incumbent phone companies. Profit 100 ranked SelectCore one of Canada's fastest-growing companies in 2006 and again in 2007.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "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". SelectCore is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release.

SelectCore cannot assure investors that actual results will be consistent with these forward looking statements and SelectCore assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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