SelectCore Ltd.
TSX VENTURE : SCG

SelectCore Ltd.

January 16, 2014 21:25 ET

SelectCore to Refile Q2 and Q3 Financial Statements on SEDAR

TORONTO, ONTARIO--(Marketwired - Jan. 16, 2014) -

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SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) announces that it will be updating and refiling its Q2 2013 and Q3 2013 interim financial statements for the following reasons:

1. The Company will be including a comparative financial information for the following periods:
a) The three months ended September 30, 2012, June 30, 2012 in the statements of comprehensive income for Q3 2013 and Q2 2013 interim reports, respectively;
b) The nine months ended September 30, 2012 in the statements of changes in equity for Q3 2013 interim report; and
c) The six months ended June 30, 2012 in the statements of changes in equity for Q2 2013 interim report, subject to requirements under subsection 4.3(2)(b) of NI 51-102, and under paragraph 20(c) of IAS 34.
2. The Company will be providing a relevant analysis and number of disclosures in its Q3 2013 Management Discussion and Anylasis subject to the requirements of NI 51-102 and form content of Form 51-102F1 Management's Discussion& Analysis (Form 51-102F1).

The Company will be making the necessary updates and refile Q2 2013 and Q3 2013 in the coming days.

About SelectCore

SelectCore Ltd. (TSX VENTURE:SCG) is a pioneer and leader in prepaid payment solutions for underserved markets. Founded in 1999, the Company offers a range of prepaid products and services from stored-value cards to mobile top-up 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.

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.

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