SelectCore Ltd.

SelectCore Ltd.

October 27, 2011 07:30 ET

SelectCore Offers Domestic Mobile Top-Up on Facebook Platform

TORONTO, ONTARIO--(Marketwire - Oct. 27, 2011) - SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services transaction processor and service provider for the under-banked consumer market is pleased to announce that today, the Company will be launching domestic prepaid mobile top-up through the Company's Facebook Social Time platform (

Social Time is the first social media platform that allows Canadian Facebook users a safe and convenient way to top-up prepaid mobile phones for all major Canadian wireless brands including Bell, Solo, Telus, Rogers, Fido, Chatr, Virgin, Wind and more. Subscribers instantly receive their electronic top-up voucher in their secure Facebook inbox. Users can also request an airtime top-up from their friends and family directly through their Facebook account.

With over 16 million Facebook users in Canada and nearly 4.5 million prepaid wireless subscribers driving ~$1 billion in airtime top-ups annually, the Social Time platform provides SelectCore with the potential to significantly broaden its market-share. The social media site also provides the Company with an opportunistic gateway to market its new, high-margin financial products & services to a vast amount of users.

The Company is developing a comprehensive, targeted marketing campaign through Facebook and other online mediums and anticipates a strong take-up among consumers in a short period of time.

"Offering domestic mobile top-up through Facebook allows us to generate nearly three-times higher margins with a new revenue stream while at the same time, driving ARPU for our carrier partners" said Keith McKenzie, CEO of SelectCore.

To learn more about Social Time or to request or send a prepaid mobile top-up, simply login with your Facebook account at

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 June 30, 2011, available on 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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