Excellent Commentary on SCG
Can you compare Green Dot Corporation to SelectCore?
Green Dot is trading at $52 on the NYSE GDOT
SelectCore is trading at 20 cents as SCG.V in Canada
Theyhave similar business models.Maybe we are seeing an emerging giant inSelectCore following in the footsteps of an obviously successfulbusiness model in Green Dot. I am eagerly following this story to seewhat happens next.
About Green Dot:
GreenDot is a leading prepaid financial services company providingsimple, low-cost and convenient money management solutions to a broadbase of U.S. consumers. Green Dot also owns and operates theGreen Dot Network, the nation's leading prepaid card reloadnetwork. Green Dot products are available online atwww.greendot.com and at approximately 55,000 retail stores,including Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger,Kmart, Meijer, and Radio Shack. Green Dot is headquartered inthe greater Los Angeles area. For more details, visitwww.greendot.com.
About SelectCore:
SelectCoreis a leading payment and transaction processor utilizing itsproprietary point-of-sale technology to deliver prepaid telecom andfinancial services to millions of credit-challenged consumers throughan extensive retail network across North America. SelectCore is apublic company on the TSX Venture Exchange trading under the symbol"SCG". We were ranked one of the nation's top 100 fastest-growingcompanies in 2006 and 2007 and 2009 by Profit100.
SelectCore Provides Update on Iridium MasterCard
TORONTO,ONTARIO--(Marketwire - Feb. 14, 2011) - Selectcore Ltd. (TSXVENTURE:SCG) a leading payment and transaction processor for prepaidtelecom and financial services is providing an update on its IridiumMasterCard business.
In the first quarter of last year, SelectCorelaunched Iridium MasterCard, the first of its kind reloadable prepaidcard offered in Canada.
SelectCore's proprietary point-of-saletechnology that facilitates real-time card activation and reloads, hasbeen deployed on over 4,000 company-owned VeriFone terminals in themarketplace. Sales results from Iridium cards being offered in alimited number of locations to date has proven to be highly successful.The Company is prepared to continue a nation-wide roll-out once itcompletes its refinancing (as per the Company's press release datedFebruary 11, 2011).
Iridium MasterCard is part of the Company'sstrategic growth strategy to diversify into high-margin financialtransaction processing. With millions of prepaid transactions beingprocessed through SelectCore's existing terminal network, the Companyenjoys direct access to millions of un-banked and credit challengedconsumers who do not have access to traditional financial servicesoffered by the banks.
For more information on Iridium MasterCard, please visit www.iridiumcard.ca.
Further to the management update press release dated January 12, 2011, the Company will be announcing the launch of additional financial service offerings in the coming weeks.
About SelectCore:
SelectCoreis a leading payment and transaction processor utilizing itsproprietary point-of-sale technology to deliver prepaid telecom andfinancial services to millions of credit-challenged consumers throughan extensive retail network across North America. SelectCore is apublic company on the TSX Venture Exchange trading under the symbol"SCG". We were ranked one of the nation's top 100 fastest-growingcompanies in 2006 and 2007 and 2009 by Profit100.
This newsrelease contains projections and other forward-looking statementsregarding future events. Such statements are predictions, which mayinvolve known and unknown risks, uncertainties and other factors, whichcould cause the actual events or results and objections to differmaterially from those expressed.
The TSX Venture Exchange hasneither approved nor disapproved the contents of this news release. TheTSX Venture Exchange does not accept responsibility for the adequacyor accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
SelectCore Ltd.
1.800.584.8819
Fax: 1.866.730.2835(FAX)
investor@selectcore.com
www.selectcore.com
Source: SelectCore Ltd.