SCG Establishes Advisory Board and Appoints Sheldon Inwenias SelectCore Establishes Advisory Board and Appoints Sheldon Inwentash
TORONTO, July 05, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. ("SelectCore" or the "Company") (TSX-V:SCG) is pleased to announce the establishment of an Advisory Board.
The Advisory Board will comprise of high profile individuals with unique skillsets germane to the fintech space.
Our first Advisory Board appointment is Mr. Sheldon Inwentash.
Mr. Inwentash, a serial entrepreneur is chairman and chief executive officer of ThreeD Capital Inc., a Toronto-based venture capital firm specializing in investments in junior resources, technology and biotechnology.
Mr. Inwentash has more than 30 years of investing experience. Through two decades leading Pinetree Capital, Mr. Inwentash created significant shareholder value through early investments in Queenston Mining (acquired by Osisko Mining Corp. for $550-million), Aurelian Resources (acquired by Kinross for $1.2-billion) and Gold Eagle Mines (acquired by Goldcorp for $1.5-billion) to name a few.
In 2007, he was an Ontario finalist for the Ernst & Young entrepreneur of the year award. In 2012, Mr. Inwentash received an honorary degree, doctor of laws (LLD), from the University of Toronto for his valuable leadership as an entrepreneur, philanthropist and inspirational commitment to making a difference in the lives of children, youth and their families.
Sheldon Inwentash comments, "I am pleased to join the Advisory Board of SelectCore. Fintech is the wave of the future and having the infrastructure with complementary fintech products like a prepaid card and a mobile wallet gives SelectCore a decided advantage over their peers and represents the genesis of greater evolvement. I fully intend to add my support to their corporate initiatives."
Andre Itwaru, Chairman, SelectCore comments, "Having Sheldon on board gives SelectCore greater reach and depth in view of his vast network that he has built up over the years in the investment world. We look forward to fostering a quality relationship and building value together."
About SelectCore (www.selectcore.com)
Established in 1999, SelectCore is a leading prepaid financial services provider. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked consumers, corporates and governments through its technology platforms. SelectCore was ranked by Profit100 as one of Canada's fastest-growing companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one of North America's fastest growing companies on Deloitte's 2011 Technology Fast 500.
Caution:
Neither TSX Venture Exchange Inc. ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
For further information please contact: Mohammad Abuleil email: mabuleil@selectcore.com
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