SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

July 09, 2008 10:00 ET

SelectCore Signs Prepaid Gift Card Agreement With HBC

TORONTO, ONTARIO--(Marketwire - July 9, 2008) - SelectCore Ltd., (TSX VENTURE:SCG) announced today that it has entered into a three year service agreement with HBC (Hudson's Bay Company) to provide POSA (point of sale activation) services to facilitate the sale of HBC prepaid gift cards at a number of third party brand name retailers across Canada.

Ryan Deslippe, President of SelectCore stated "Prepaid gift cards is one the fastest-growing consumer product categories in North America. We plan to aggressively expand into this market by leveraging our existing technology, infrastructure and experience as a leader in prepaid transaction processing."

Keith McKenzie, CEO of SelectCore further commented "Having been chosen by one of Canada's largest and best-know retailers speaks to the quality our service and technology, while positioning our company to attract more major retail customers. As this industry continues to mature, SelectCore will surely experience revenue growth in this high margin business."

About SelectCore:

SelectCore is in the business of providing prepaid telecommunication and transaction processing solutions to some of Canada's largest telecom providers and retail chains. We also market prepaid products and services directly to consumers through or nation-wide retail distribution channel. Our offerings include prepaid wireless, long distance, home telephone, broadband internet, and gift cards. The company develops its own proprietary technology and maintains a carrier-grade network infrastructure. SelectCore is a public company that trades on the TSX Venture Exchange under the symbol "SCG". Profit 100 ranked SelectCore one of Canada's fastest-growing companies in 2006 and again in 2007.

About HBC:

HBC is Canada's largest diversified general merchandise retailer, operating in department store (the Bay), mass merchandise (Zellers), specialty (Home Outfitters and Designer Depot) and discount (Fields) formats. With more than 580 retail outlets and nearly 70,000 associates located in every province in Canada, HBC provides Canadians with stylish, quality merchandise at great value, through retail banners focused on exceptional customer service. HBC is a Canadian retail leader in corporate social responsibility, and the fifth annual HBC CSR report can be found at www.hbc.com.

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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