SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

September 26, 2011 09:16 ET

SelectCore Launches First Mobile Banking App for Iridium MasterCard

TORONTO, ONTARIO--(Marketwire - Sept. 26, 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 launch of the Company's first mobile banking app for Iridium MasterCard.

The Company's first generation Blackberry app is available free of charge to registered Iridium Cardholders. The app is secure, easy to use and can be downloaded instantly from the cardholder's online account.

The new mobile banking app allows cardholders to conveniently:

- check their account balance

- view recent transaction history including purchases, loads and more

- money-share between other Iridium cardholders in real-time

- and more

The new Iridium app for Blackberry devices is the latest development in SelectCore's efforts to offer industry-leading technology that provides for a superior user experience. Cardholders can now conveniently manage their account and send money to other Iridium cardholders from anywhere in the world while on the go 24-hours-a-day, 7-days-a-week, 365-days-a-year.

SelectCore also intends to launch this mobile banking app for iPhone and Android devices.

In addition to the new smart-phone applications, Iridium cardholders are provided with other convenient account access tools including IVR, live agent support, online and SMS.

The next phase of the Company's mobile strategy is to introduce a complete 'mobile wallet' solution utilizing near-field communications (NFC) payment technology. As payment networks, processors and acquirers continue to deploy NFC technology and point-of-sale devices, Iridium customers will be able to use their mobile wallet instead of a traditional card to make purchases at millions of merchant locations worldwide.

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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