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 stockbond007on Jan 13, 2012 9:43am

181 Views

Post# 19400218

RE: RE: RE: Financials

BirdO I do agree with you and it is just matter of time before we make new highs MIT is well position in the middle east and it's growing

This is from Dec-29-2011 NR

Mint President and CEO, Nabil Bader said "Our business continues to grow in the UAE market and we are delighted to report that our core UAE business unit is now EBITDA positive. Our fiscal 2011 Q4 Revenue of $1,305,572 already indicates an annual revenue run rate of $5,200,000+ (up 51% from the previous quarter) and does not reflect the impact of the Workers Equity Holdings BSC acquisition revenues nor the additional contracts secured during Quarter 3. In November 2011, the impact of this already sees the UAE business annual revenue run rate at $6,000,000+ and with the additional contracts added, we look forward to increasing profitability for the UAE business in 2012 which will also contribute to the improvement of revenue and profit growth on a Corporate consolidated basis".

Always do your dd

SB

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