SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

March 30, 2012 08:57 ET

SelectCore Appoints Kevin Taylor to Board of Directors

TORONTO, ONTARIO--(Marketwire - March 30, 2012) - 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 that it has appointed Kevin Taylor to the board of directors.

From June 2007 to November 2011, Mr. Taylor was a director of AP Acquisition Corp. (formerly Rapid Brands Inc. and previously RDS Acquisition Corp.) and from February 2007 served as a Director of Rapid Refill Ink International Corp. (the predecessor of RAP Acquisition Corp.). Mr. Taylor is the President and CEO of Prism Equity Group, a newly funded venture focused on new opportunities in the Telecom and Alternative Energy space in the Caribbean and Central and South America. From January 2009 to current, Mr. Taylor has been the President of Facey Telecom, a distribution company with a unique focus around telecommunications. From July 2006 to June 2008, Mr. Taylor was the Vice President and General Manager of the carrier business of Nortel Networks Corporation ("Nortel") in the Caribbean and Latin American (CALA) region. From October 2002 to July 2006, Mr. Taylor served as the Vice President of Nortel's wireless business in the Caribbean and Latin American region. From December 2000 to October 2002, Mr. Taylor served as Nortel's Director of Marketing for the Americas. Mr. Taylor completed The General Managers Program at the Harvard Business School in 2001 and received a Bachelor of Engineering - Science degree from the University of Western Ontario in 1994.

"We are very excited to have Kevin join our Board of Directors. His wealth of knowledge and contacts in the Caribbean and Latin American markets will be a tremendous asset to the Company as we continue to capitalize on new opportunities in these areas specifically in the prepaid financial service space." said Keith McKenzie, CEO of SelectCore Ltd.

"I look forward to assisting the Company with introductions and providing guidance and direction on executing and delivering financial services in these untapped markets. I believe SelectCore is uniquely positioned to leverage its infrastructure and world class processes to bring financials solutions to the unbanked and under-banked in the CALA region", commented Kevin Taylor.

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 December 31, 2010, 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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