SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

July 11, 2014 16:00 ET

SelectCore Refiles MD&A for the Year Ended December 31, 2013

TORONTO, ONTARIO--(Marketwired - July 11, 2014) -

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION TO U.S. NEWS WIRE SERVICES

SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) today announced that it has filed an amended management discussion and analysis ("MD&A) for the year ended December 31, 2013. This amended filing provides additional overview information regarding the Corporation's segments and enhanced disclosure regarding the Corporation's 2013 revenue. It further explains the quarterly variability of revenue, a summary of eight most recently completed quarters and provides additional insight into the decrease in revenue and increase in margin as compared to the prior year. This news release is being issued to provide notice of the refiling and to advise that the additional disclosure does not impact the audited consolidated financial statements of the Corporation for the year ended December 31, 2013.

The Company has also set a new date for its Annual General Meeting and Specail Meeting to be held on August 8, 2014. The circular and proxy will be mailed to shareholders and will be made available on the company's web site at www.selectcore.com in the comng days. The Company rescheduled its June 9th, 2014 meeting in order to include a special meeting to be held on August 8th, 2014.

The amended MD&A is available on SEDAR at www.sedar.com.

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" (TSXV: 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.

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.

Certain information in this news release contains forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond SelectCore's control including, without limitation, the impact of general economic conditions, industry conditions, fluctuation of exchange rates, industry competition, availability of qualified personnel and management, stock market volatility and timely and cost effective access to sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the forgoing list of factors is not exhaustive. Additional information on these and other factors that could affect SelectCore's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and SelectCore does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contact Information