Fintech Select Ltd V.FTEC

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[mikkelchap]

PRESS RELEASE
June 28, 2011, 9:29 a.m. EDT
SelectCore Provides Management Update

TORONTO, ONTARIO, Jun 28, 2011 (MARKETWIRE via COMTEX) -- SelectCore Ltd. CA:SCG+2.94% a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market announces that there has been no material change in the Company nor has there been any insider selling that would account for the recent decline in share price following the release of its record Q1 financial results.
SelectCore has made significant progress towards transitioning the Company into the high-margin prepaid financial services space with the launch of Iridium MasterCard, ReCash and its new international mobile remittance solution.
These new offerings, together with key milestones to be announced by the Company in the near future, will provide significant growth opportunities for SelectCore.
"Management and the entire SelectCore team remain committed to the Company's vision and creating long-term shareholder value" said Keith McKenzie, CEO of SelectCore.
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 underbanked 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" CA:SCG+2.94% and "SLXXF" in the US. SelectCore was ranked by Profit100 Magazine as one of Canada's fastest growing companies in 2006, 2007, 2009 and 2010.