Mint Corp V.MIT

Alternate Symbol(s): MITJF

Financial Services Credit Services

The Mint Corporation, through its subsidiaries, is a globally certified payments company. The Company is focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Company provides employers with payroll cards for their unbanked employees. It offers employers scalable, flexible and payroll card management solutions through its globally certified payments platform. It also focuses on facilitating payroll disbursement for unbanked workers, employees not qualified for traditional bank accounts. Its UAE operations comprise five entities, including Mint Middle East LLC (MME), Mint Electronic Payment Services Ltd (MEPS), Mint Capital LLC (MCO), Mint Gateway for Electronic Payment Services (MGEPS) and Hafed Holding (Hafed). MME is a payroll card services provider facilitating an automated and secure payroll system to employers in the UAE. Its UAE operations payroll cards and mobile app are branded under the Hafed name.

TSXV:MIT - Post by User

Mint Corp

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Comment by imbirdon Jan 31, 2013 10:33pm

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Post# 20921535

RE: Same old story...

Hi MidgardlG

You made some very interesting points and I thank you for your thoughtful analysis of the situation. We differ on a few projections:

I do not see Egypt (if ever it is delivered) to be a 'cherry on the sundae'. I view Egypt as an albatross sitting on a lump of dung. Totally worthless to me. So you surely can understand my relief when a JV was announced with Mint being the minority partner (49%). Now I may be wrong with Egypt but I am very happy that Mint hedged their exposure. You know what I mean - Morsi and all his religious radical beliefs etc
I differ from you regarding you analysis of the Speed Remit deal. The capital outlay for what I believed to be yesterdays methods and technology really had me very scared. I was so scared about the Speed Remit deal that I froze in my stride and was unable to sell my stake (albeit at a profit). I believe a revenue sharing deal with Arab Link is excellent for Mint at this time. But I add and agree with you that after a year or two Mint may attempt to purchase the much more technology modern Arab Link or one of their correspondents (eg iRemit, Xpress Money, EzRemit or Instant Cash). I have little doubt that Mint got cold feet and saw a better opportunity (eventually) with Arab Remit. As far as I can see its all good.

I thank you for your very thoughtful and analytical post.

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