SelectCore Appoints Prepaid Executive to Head Financial Services Division

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2012) - SelectCore Ltd. ("SelectCore") (TSX VENTURE:SCG), a prepaid telecom and financial services provider and transaction processor for the under-banked market, announced today that the Company has appointed senior advisor, Bryan Kenyon to Executive Vice President of Financial Services.

In this key role, Mr. Kenyon, who served as an early-stage executive for industry leader Green Dot (NYSE:GDOT), will leverage his considerable experience focusing on strategic planning, business development and the rollout of the Company's financial service offerings including ReCash and Iridium MasterCard in both Canada and the United States.

"This new role will also help accelerate the Company's development and launch of new mobile financial services and payment solutions" commented Ryan Deslippe, President of SelectCore.

"We are excited to have Bryan join our team in this capacity" said Keith McKenzie, CEO of SelectCore. "His wealth of knowledge and industry contacts will serve as a tremendous asset as we continue to capitalize on new opportunities."

Mr. Kenyon commented "I am excited to join the SelectCore management team at a pivotal time when the Company is poised to expand its business through both organic and acquisition channels. SelectCore's extensive retail network gives us a distinct market position and competitive advantage."

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 September 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.