MINT ANNOUNCES NEW CONTRACT WINS FOR FIRST QUARTER 2012
Toronto, March 21, 2012 – The Mint Corporation (“Mint” or the “Company”) (TSX-V – MIT) announced
today that the Company’s wholly owned subsidiary, Mint Middle East LLC (“MME”) has secured 5 new
contracts in the UAE for the provision of payroll cards and other financial services in the first quarter of
calendar 2012.
In Summary, MME has signed contracts during March 2012 to deliver and manage a total of 76,000 new
cards for 2 corporate clients and 3 new exchange houses bringing to over 500,000 the number of
contracted cards managed by MME in the UAE. These new cards will be set up on the MME platform to
be delivered and activated during Quarter 2 this year, and are expected to generate in excess of
$1,000,000 in new core revenue per annum.
Mint Executive Chairman, Chris R. Hogg said today, “The core business in UAE continues to grow and we
have already exceeded our UAE business target for the whole of 2012 by the end of the first Quarter.
This bodes well for the continued strength of our core business at a time when we are also expanding
strongly in new markets. In addition to the incremental payroll card revenue, the growth of core card
numbers adds further cardholders to whom we can market our Mint Money range of products.”
Mr. Hogg also said today that the Company will shortly be making an announcement regarding offers of
funding for the launch of the Mint Money micro credit program and the latest update on the Company’s
transition of the Egypt MOU’s to contracts.