TORONTO, June 29, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. (“SelectCore” or the “Company”)
(TSXV:SCG).
Pursuant to the Definitive JV signed between First Global Data and SelectCore and the subsequent formation of FintechUnion, we
are pleased to confirm the appointment of David Mackereth to the position of General Manager.
David's role will encompass all aspects of business development as it relates to various forms of FINTECH such as a prepaid card
and a mobile wallet that enables a full spectrum of payments in addition to both domestic and cross border remittances.
Revenues and associated expenses will be shared between the two companies and initiated business will be managed from
origination to deployment.
Mr. Mackereth brings extensive sales and marketing experience to FintechUnion. As a leading marketing executive for over 25
years, he has excelled in the ability to understand client needs and build strong relationships. David has been a CA for 45 years
and has been owner, consultant, and director in various entities ranging from Prepaid long distance, Prepaid wireless, and Prepaid
cards. The transition to a full suite FINTECH solution represents the ideal FINTECH migration.
Mohammad Abuleil, President and CEO of SelectCore, comments, "Finding a qualified FINTECH representative to run the JV and at
the same time multi task to encompass business development was no easy feat. Very particular and specific skillsets were required
and David checked all the boxes. We are going after targeted opportunities that will provide accelerated pathways to revenue
generation."
"This opportunity excites me," remarks David Mackereth, "as it represents a paradigm shift in FINTECH deployment by augmenting
card and wallet to create an all encompassing user dynamic. The union of the two will allow us to capitalize on much more business
opportunities."
About FintechUnion (www.fintechunion.co)
With the ability to access a prepaid card solution and add it to a mobile wallet/remittance platform, we have
created a novel and innovative FINTECH dynamic. We are now able to offer a full suite FINTECH solution to our large enterprise
clientele.
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