SelectCore Ltd.
TSX VENTURE : SCG
PINK SHEETS : SLXXF

SelectCore Ltd.

April 05, 2011 09:26 ET

SelectCore Signs Transaction Processing Agreement With International Mobile Top-up Provider

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - SelectCore Ltd. (TSX VENTURE:SCG) (PINK SHEETS:SLXXF), a leading transaction processor for the prepaid telecom and financial industry, announces that it has signed a 3 year agreement with a leading international mobile-top-up provider to provide transaction processing services. SelectCore's PrepaidONE technology platform helps to facilitate real-time mobile top-up remittances for recipients across Latin America on the major mobile networks including Telcel, Digicel, Claro, Lime and Movistar.

SelectCore's technology platform allows consumers to top-up the mobile phones of their friends and family members in Latin America. After the transaction is processed, the recipient instantly receives a text message notifying them that their account has been topped-up in their local currency.

With over 500 million mobile subscribers throughout Latin America and 80% being prepaid, international mobile top-up is quickly becoming a new form of global remittance. In 2010, money-transfers to Latin America totaled over $55 billion and most recipients spent a portion of their funds topping-up mobile phones.

SelectCore originally developed the international mobile top-up platform in 2010 for its own retail distribution network, and has since been contacted by other companies looking to employ the technology. 

Keith McKenzie stated "This agreement is consistent with the Company's trend of moving into the high-margin transaction processing space." "We remain focused on pursuing similar partnerships and licensing deals for our proprietary technology platforms."

About SelectCore

SelectCore is a leading provider of transaction processing and point-of-sale solutions for the prepaid telecom market and financial services sector. From prepaid mobile top-up to stored-value cards, SelectCore services a market of nearly 80 million underserved and credit-challenged consumers through its extensive retail distribution network across Canada and the United States. SelectCore is listed on the TSX Venture Exchange under the symbol "SCG" (TSX VENTURE:SCG) and in the US under the symbol "SLXXF". SelectCore was ranked by Profit100 Magazine as one of Canada's fastest growing companies in 2006, 2007 and 2009.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Company's debt financing arrangements with Windsor Bancorp Limited Partnership and Digital Telecom Inc. and the Company's future plans. 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 statements.

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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