TORONTO, ONTARIO--(Marketwired - March 12, 2014) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG), Canada's Leading Payments Organization, is pleased to announce that it has signed a 5 year agreement with AdBrokers, one of North America's leading online affiliate marketing companies with over 108,000 active affiliates.
Under the terms of the agreement, SelectCore will provide a private label payment card solution, issuing prepaid MasterCard cards for the purpose of delivering commission payments to AdBrokers' affiliates in both Canada and the United States.
SelectCore's proprietary platform supports real-time, electronic disbursement of funds - allowing companies such as AdBrokers to eliminate the need for costly cheques while offering their affiliates faster, hassle-free access to their commissions. Recipients simply redeem their prepaid card funds anywhere MasterCard is accepted worldwide at 29.4 million locations including online and at ATMs.
Affiliate payments is a multi-billion dollar a year industry with global e-commerce sales having exceeded 1.2 trillion in 2013 alone. Streamlining and accelerating the disbursement process not only saves money for marketing firms, but gives them a strong competitive advantage to expand their affiliate network. SelectCore's turn-key, safe, efficient and cost-savings solution is a great alternative for online companies requiring these forms of payments.
"We chose SelectCore because of their expertise and award-winning card platform which allows us to effortlessly issue payments to our over 108,000 affiliates while at the same time adding to our bottom line" said Peter Dhillon, President of AdBrokers.
"This new contract is just one example of how SelectCore is now leveraging our prepaid technology platforms to reach new verticals in the alternative payments space" commented Keith McKenzie, President of SelectCore. "With AdBrokers' established network of affiliates, we anticipate being able to acquire a sizable number of cardholders over the term of our agreement."
SelectCore Ltd. (TSX VENTURE:SCG) is a pioneer and leader in alternative prepaid payment solutions for underserved markets. Founded in 1999, the Company offers a range of prepaid products and services that provide financial empowerment to a market of millions of under-banked consumers. SelectCore has been recognized as one of Canada's Fastest-Growing Companies by Profit100, North America's Fastest-Growing Technology companies by Deloitte Fast500, Canada's Top Tech companies by Branham300 and Canada's Leading Payments Organization by Payments Exchange.
Adbrokers gives their clients a way to put advertising dollars to work for them efficiently. Focused on online affiliate marketing, our cutting edge technology along with our unique "pay-per-sale" affiliate programs put advertisers in front of over 108,000 active affiliates across a number of platforms. Leveraging technologies and industry relationships allows merchants to access turn key affiliate platforms. Our network of affiliates are streamlined for revenue sharing models, whether it's cash back or pay per sale. Our 30 years of combined industry experience in web security, payment processing and affiliate marketing ensure that all you have to do is put your success in our capable hands and sit back to collect the rewards.
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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 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.