SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

April 30, 2012 07:00 ET

SelectCore Named One of Canada's Leading Technology Companies

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - SelectCore Ltd. (TSX VENTURE:SCG), a leading prepaid financial services provider and transaction processor for the under-banked and underserved markets, is pleased to announce that it has been recognized on the 2012 Branham300 ranking of Canadian information and communication technology companies.

SelectCore ranked 54th in the Top 250 Canadian ICT Companies and 21st in the Top 25 Canadian ICT Hardware and Infrastructure Companies.

The Branham300 is the most comprehensive listing of the top publicly traded and privately held organizations operating in the Canadian Information and Communication Technology (ICT) industry.

"It's a tremendous achievement and we are proud to be included on the Branham300" said Keith McKenzie, CEO of SelectCore. "To be recognized alongside companies such as BCE, Rogers and Telus is a real honor."

"SelectCore has undergone a significant transformation over the past two years that has helped strengthen and position the company to become a prominent player in the high-margin prepaid financial services and payments space," said Ryan Deslippe, President of SelectCore. "The Branham300 ranking is an important metric that validates our ongoing efforts."

About SelectCore

Established in 1999, SelectCore is a leading prepaid financial services provider and transaction processor for the 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 and one of Canada's leading technology firms for 2012 on the Branham300.

About the Branham300

For nearly 20 years, the Branham300 has highlighted the top Canadian and Multinational ICT companies operating in Canada, as ranked by revenues. It illustrates the depth and breadth of innovative technologies developed in Canada and is widely considered to be a leading source of intelligence on Canada's ICT industry. The Branham300 is published annually on www.branham300.com, as well as in the April/May issue of Backbone Magazine (www.backbonemag.com) which is distributed nationally with the Globe and Mail. Keep up to date with the Branham300 and Branham Group on twitter at @branhamgroup, through Branham's Newsletter, or RSS feed.

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 most recent financial reporting period, 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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