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

Bullboard Posts

Post by habstraderson Dec 03, 2012 9:16pm

423 Views

Post# 20678194

MEPS is a cow - Q1 2013 could be explosive

Correct me if I am wrong, but after few news release read it just realize that the Q1 revenues could be HUGE !

The revenues of MEPS for the Q3 is $14,000,000 with only 1,211 active POS.... like this paragraph says, a further 1,550 POS will be deployed in December... Can we expect close to $30,000,00 revenues for the Q1 2013 for MEPS only ??? Let's hope operational cost will be lower...

"Mint Electronic Payment Systems ("MEPS"), the Corporation's mobile airtime top up subsidiary, is included in the Corporation's results from July 22, 2012. Revenue was derived from 1,211 active POS at September 30, 2012. A further 1,550 POS are being deployed to merchant locations during December 2012 bringing the total active number of POS as at December 31, 2012 to 2,761."

If we addition to that, Egypt deal... business activities in Qatar and Saudi Arabia and Speed Remit acquisition in January 2013 (with revenues in Q1).

Christmas will be all year long in 2013 :)

Have a good night ! HT

Bullboard Posts

Barrick Gold employees detained in Mali amid ongoing dispute