SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

April 10, 2012 07:30 ET

SelectCore Joins Global Prepaid Exchange as Industry Leader

TORONTO, ONTARIO--(Marketwire - April 10, 2012) - SelectCore Ltd. ("SelectCore") (TSX VENTURE:SCG), a leading prepaid financial services provider and transaction processor for under-banked and underserved markets, announced today that the Company has joined Global Prepaid Exchange Canada as an Industry Leader.

By joining the Global Prepaid Exchange, SelectCore will align itself with other prepaid industry leaders and help contribute to shaping prepaid best practices in an industry undergoing significant growth and change. As a leading organization, Global Prepaid Exchange will help SelectCore leverage business opportunities by providing key access to industry connections, providing intelligence and insight into the prepaid marketplace and promoting dialogue between businesses with a shared commercial goal.

"By joining Global Prepaid Exchange, we achieve a unique set of benefits that will help bolster the Company's visibility in Canada and provide us access to prepaid partners and card opportunities on a global scale," stated Bryan Kenyon, EVP Financial Services of SelectCore.

About Global Prepaid Exchange

Global Prepaid Exchange is the widest reaching prepaid industry organisation in the world with a membership that spans four continents. Their members are involved in issuing, processing, manufacturing or distributing three out of four of the world's prepaid programmes.

About SelectCore

Established in 1999, SelectCore is a leading prepaid financial services provider and transaction processor for under-banked and underserved markets. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked consumers through its technology platforms and extensive retail distribution network. 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 in this press release includes our expectation on implementation of the program and expected date of further press release. 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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