SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

May 01, 2007 09:48 ET

SelectCore Reports Record Revenues of $37,600,000 for 2006

TECUMSEH, ONTARIO--(CCNMatthews - May 1, 2007) - SelectCore Ltd., (TSX VENTURE:SCG) Canada's 6th fastest growing company(i) and one of the nation's largest telecom distributors and service providers targeting the ever-growing credit challenged consumer market, is pleased to announce the company's audited financial results for the year ended December 31, 2006.

By way of brief overview, revenue increased $13,200,000 to a record $37,645,919 from $24,388,295 in 2005, an improvement of 53%. Net earnings (loss) were ($699,932) and Basic and diluted earnings (loss) per share was ($0.019). The Company's Financial Statements and Management Discussion and Analysis for the year ending December 31, 2006 are available on SEDAR at www.sedar.com.

SelectCore completed its public listing on September 25th, 2006 via a CPC (Capital Pool Company) transaction with Ribbon Capital Corp. The three divisions (Local Fone Service Inc., SelectComm and Integrated Brands) operated as private companies during the prior 9 months.

"Over all we are pleased with the 2006 results," said Keith McKenzie, CEO of SelectCore. "2006 was a year of taking SelectCore public on the TSX Venture Exchange and integrating three separate operating companies. Now, as a new public entity, our focus is to not only continue our growth trend, but also deliver consistent value to our stakeholders."

(i) In June of 2006, SelectCore was ranked Canada's 6th fastest-growing company by Profit 100 with 5 year revenue growth of 9,299%. Management anticipates a subsequent ranking this June, having achieved further revenue growth in 2006.

Ryan Deslippe, President of SelectCore further commented, "2007 will be our first full year as a combined public company. We are well positioned to leverage our legacy businesses and implement our multi-faceted growth strategy."

About SelectCore:

SelectCore (TSX VENTURE:SCG) is in the business of providing high-value telecommunication products and services to the ever-growing credit-challenged consumer market in Canada. Focused on launching new offerings in high-growth areas such as wireless and IP, SelectCore's mission is to aggregate a vast community of ultra-loyal users. The products and services are marketed through the company's nation-wide retail distribution channel. In addition to its long-term partnerships with the major telecom carriers, the company maintains its own network infrastructure.

This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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