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December 08, 2011
SelectCore receives advance on debt facility
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For Immediate Release: December 08, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, would like to announce that, further to its press release of September 6, 2011, an additional tranche of $500,000 (the "Additional Advance") has been advanced to the Company pursuant to the terms and conditions of the long-term secured convertible debt facility (the "Facility") with its senior lender Windsor Bancorp Limited Partnership ("Windsor"). For complete details of the Facility, please refer to the Company's press release of September 6, 2011.

The Additional Advance comes due on the same date as the Facility, which is September 2013, with the option of extending for two additional one-year terms. The Additional Advance will bear an interest rate equal to the prime rate charged by the Royal Bank of Canada plus 9% per annum. The Additional Advance is convertible, at the option of Windsor, into 1,923,077 common shares in the capital of the Company at a deemed price of $0.26 per common share. ..hide


December 07, 2011
SelectCore Signs M&A Financial Advisory Agreement
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For Immediate Release: December 07, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market announces that it has retained a Financial Advisor to act as an exclusive agent in connection with new potential merger / acquisition targets that have been presented to the Company.

Keith McKenzie, CEO of SelectCore commented "We are pleased to be working with an advisor to assist the Company in identifying value and synergies."

Due to the size, sensitivity and confidentiality of ongoing discussions, the Company is not at liberty to disclose the parties at this time.

This engagement is not related to the Company's proposed acquisition of a Canadian payment processor as previously announced on October 31, 2011 and November 21, 2011. ..hide


November 30, 2011
SelectCore Reports Q3, 2011 Interim Financial Results
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For Immediate Release: November 30, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market today reported its interim financial results for the third quarter ended September 30, 2011.

Revenues for the period were $21,144,042 and adjusted EBITDA was $146,171. Net earnings per share was ($0.0092). Total operating expenses, the majority of which are related to the Company's growth initiatives increased to $1,245,278. During the period, the Company significantly improved its working capital position by securing a new $5 million long-term convertible debt facility and raising an aggregate of $2 million in new equity from a private placement and the exercise of warrants and options.

Over the past few quarters, the Company has dedicated the majority of its financial, infrastructure and human resources towards development of its growth plan of transitioning SelectCore into the high-margin financial services space versus focusing on the its lower-margin, legacy business. Management expects that this strategy, together with new growth capital, will drive high-margin revenue streams in the coming quarters.

Keith McKenzie, CEO of SelectCore commented "We are committed to our transitional growth strategy of becoming a leading financial services provider, and have made significant progress with product and technology development this year. Our advancements, coupled with strategic and accretive acquisitions is expected to accelerate our business plan and build long-term shareholder value."

The Company's Financial Statements and Management Discussion and Analysis for the three months ending September 30, 2011 are available on SEDAR at www.sedar.com. ..hide


November 21, 2011
SelectCore provides update on proposed acquisition
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For Immediate Release: November 21, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), is providing an update to the Company's recent press release dated October 31, 2011 which had announced the execution of a binding Letter of Intent to acquire the assets of a Canadian payment processor via an all-stock transaction.

SelectCore's management has substantially completed its due diligence and the parties are now finalizing the terms of the definitive purchase agreement.

The Company looks forward to announcing final details pending execution of the agreement.

Keith McKenzie, CEO of SelectCore commented "Our senior management team has been focused on closing this acquisition while at the same time pursuing other accretive acquisition opportunities and business development initiatives that the Company intends to announce in the near future."

The transaction remains subject to approval by the TSX Venture Exchange. ..hide


November 3, 2011
SelectCore adds PayPal to Social Time Facebook platform
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For Immediate Release: November 3, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market is pleased to announce the acceptance of PayPal on the Company's recently launched Facebook Social Time platform (www.socialtime.ca).

Social Time allows Facebook users a safe and convenient way to top-up prepaid mobile phones of friends and family domestically or abroad in real-time. The recipient instantly receives notification via text message and their Facebook inbox that their account has been topped-up in their local currency. Recipients can also request a top-up from their friends through their Facebook account. The platform currently supports mobile top-up for many of the major international and domestic carriers including Telcel, Digicel, Claro, Lime, Movistar, Vodafone, Rogers, Telus and Bell to name just a few.

The addition of PayPal allows SelectCore to significantly broaden is geographic reach offering a convenient method to fund prepaid accounts. With over 100 million active PayPal subscribers and 800 million active Facebook users, SocialTime is now integrated with both the world's largest social media and e-commerce payment platforms.

Social Time enables a new means of remittance for the 'banked' funding the 'unbanked', offering a global method of requesting and sending mobile top-up. With over 350 million active Facebook users accessing their accounts via their mobile device, this represents a sizable opportunity to capture and convert traditional remittances to our platform.

"The addition of PayPal is key to the global expansion of Social Time" said Keith McKenzie, CEO of SelectCore. "PayPal operates in 190 markets and in 24 currencies, allowing us to reach well beyond our domestic market."

To learn more about Social Time or to request or send a mobile top-up, simply login with your Facebook account at www.socialtime.ca. ..hide


October 31, 2011
SelectCore to acquire Canadian payment processor
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For Immediate Release: October 31, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a prepaid telecom and financial services provider and transaction processor for the under-banked consumer market, announced today that it has executed a binding Letter of Intent to acquire the assets of an arms-length Canadian payment processor (the "Acquisition"). The assets to be acquired will consist of all merchant contracts, all processing agreements, all hardware and software, all accounts receivables, goodwill and all other assets used in the business of the vendor (the "Assets").

Final terms and details pertaining to the Acquisition will be disseminated at a future date upon the execution of a definitive asset purchase agreement, which is scheduled to be executed on or about November 14, 2011.

"This acquisition will be a key step in the advancement of the Company's business plan to develop new revenue streams while enhancing the services being offered to our retail partners" commented Keith McKenzie, Chief Executive Officer of the SelectCore. "We are pleased that the vendor has agreed to an all-stock deal which reflects their confidence in our business model, growth strategy and ability to execute."

The transaction is subject to approval by the TSX Venture Exchange. ..hide


October 27, 2011
SelectCore offers Domestic Mobile Top-Up on Facebook platform
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For Immediate Release: October 27, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG), a prepaid telecom and financial services transaction processor and service provider for the under-banked consumer market is pleased to announce that today, the Company will be launching domestic prepaid mobile top-up through the Company's Facebook Social Time platform (www.socialtime.ca).

Social Time is the first social media platform that allows Canadian Facebook users a safe and convenient way to top-up prepaid mobile phones for all major Canadian wireless brands including Bell, Solo, Telus, Rogers, Fido, Chatr, Virgin, Wind and more. Subscribers instantly receive their electronic top-up voucher in their secure Facebook inbox. Users can also request an airtime top-up from their friends and family directly through their Facebook account.

With over 16 million Facebook users in Canada and nearly 4.5 million prepaid wireless subscribers driving ~$1 billion in airtime top-ups annually, the Social Time platform provides SelectCore with the potential to significantly broaden its market-share. The social media site also provides the Company with an opportunistic gateway to market its new, high-margin financial products & services to a vast amount of users.

The Company is developing a comprehensive, targeted marketing campaign through Facebook and other online mediums and anticipates a strong take-up among consumers in a short period of time.

"Offering domestic mobile top-up through Facebook allows us to generate nearly three-times higher margins with a new revenue stream while at the same time, driving ARPU for our carrier partners" said Keith McKenzie, CEO of SelectCore.

To learn more about Social Time or to request or send a prepaid mobile top-up, simply login with your Facebook account at www.socialtime.ca. ..hide


October 25, 2011
SelectCore Develops Point-of-Sale Age Verification Software
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For Immediate Release: October 25, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG)), a prepaid telecom and financial services transaction processor is pleased to announce the development of its point-of-sale age verification software solution.

In times of stricter rules and enforcement, SelectCore's software quickly and accurately provides age verification at the point of sale in real-time to ensure compliance relating to the purchase of age-restricted products such as tobacco or alcohol.

The proprietary software can easily be integrated into point-of-sale terminals and platforms ranging from independent convenience stores to multi-lane retailers.

The Company has already secured its first retail chain client for this solution and intends to extend the service to thousands of existing retail locations currently using SelectCore's point-of-sale technology and Verifone terminals.

"This announcement demonstrates the innovative ways that SelectCore continues to monetize its existing retail and terminal network with higher-margin applications" commented Keith McKenzie, CEO of SelectCore.

"We continue to develop our point-of-sale platform to adapt to market needs" said Dan Devolder, Director of IT at SelectCore. "This is one more way we are creating technology that provides value and efficiency for our retail partners, while opening up the door to attract new clients." ..hide


October 19, 2011
SelectCore Ranked one of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500™
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For Immediate Release: October 19, 2011

TORONTO, ON: SelectCore Ltd. ("SelectCore") (TSX-V: SCG) is pleased to announce that it ranked number 428 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. SelectCore grew over 174% percent during this period.

SelectCore's Chairman, Martin Bernholtz credits Keith McKenzie, Ryan Deslippe and their dedicated team along with the Company's proprietary technology development and growing consumer demand for prepaid products and services with the Company's growth.

"We are delighted to be included in the Deloitte Technology Fast 500", said Keith McKenzie, CEO of SelectCore. "Our significant growth over the years has been driven by a relentless focus on building-out a strong retail network with our technology platform that is now leading us into the highly-profitable prepaid financial services space."

"SelectCore and all the Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges" said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates SelectCore for this significant achievement."

"We are pleased to honor SelectCore as one of the 2011 Technology Fast 500," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, SelectCore has demonstrated technological innovation, entrepreneurship and rapid growth." ..hide


October 12, 2011
iSIGN Media and SelectCore Announce the Signing of a Letter of Intent to Build the Largest Mobile Proximity-Advertising Footprint
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For Immediate Release: October 12, 2011

Toronto, Ontario – October 12, 2011 – SelectCore Ltd. ("SelectCore") (TSX-V: SCG) and iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) are pleased to announce that they have signed a Letter of Intent ("LOI") to build-out the largest retail mobile proximity-advertising footprint in North America.

Under the terms of the LOI, iSIGN and SelectCore are planning to embed iSIGN's patent-pending Interactive Marketing Solution ("IMS") 3.1 software and its newly developed Smart Antenna into SelectCore's Verifone Point of Sale ("POS") terminals in up to 7,000 convenience and grocery store locations throughout Canada and the United States. The length of the agreement will be three years, with an automatic renewal period of an additional three years.

"This opportunity came to us from the announcement regarding the Couche-Tard/Mac's Convenience Stores network and installation," said Alex Romanov, iSIGN's Chief Executive Officer. "We believe that this is a tremendous opportunity for us to build-out a second advertising footprint, similar to the Couche-Tard model."

Based upon previous test installations, iSIGN has the ability to reach an average of approximately 1,000 mobile devices within proximity of each of its installations. This reach would result in our Smart Antenna contacting approximately 7 million viewers daily. The size of our reach makes our mobile advertising method extremely cost efficient and effective to potential advertisers in comparison to television, radio, papers as well as more traditional direct marketing.

As a result of the size of our reach, our expectation is that a full network roll-out has the potential to generate at least $10 million in revenue annually from advertising and Anonymous Mobile Analytics ("AMA") data per year. Of the $10 million in advertising revenue, SelectCore will retain 80% and iSIGN 20%. iSIGN expects, based upon its rate card, that licensing revenues for iSIGN's technology will have the potential to generate approximately $4.2 million annually.

iSIGN's cost to build this network with iSIGN's newly developed Smart Antennas, will be approximately $1.050 million in capital expenditures.

"The introduction of our new Smart Antenna combines cost efficiency with improved metric-gathering abilities from virtually all mobile devices," added Mr. Romanov. "This installation will provide our initial entry into the US market, in addition to expanding our national coverage in Canada, making the network very appealing to advertising agencies and national brands."

"iSIGN's technology allows us to monetize and maximize the value of our retail point-of-sale network and access to a market of millions of consumers with mobile phones" commented Keith McKenzie, CEO of SelectCore. "Aligned with our growth strategy, this partnership has the potential to generate a new, high-margin revenue stream with virtually no capital expenditures".

About SelectCore
Established in 1999, SelectCore is a leading provider of transaction processing and point-of-sale solutions for the prepaid telecom market and prepaid financial services sector. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked and credit-challenged consumers through its technology platforms and retail distribution network across Canada and the United States. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol "SCG" (TSXV: SCG). SelectCore was ranked by Profit100 Magazine as one of Canada's fastest growing companies in 2006, 2007, 2009 and 2010.

About iSIGN Media
iSIGN is a leading developer of location-based interactive proximity advertising solutions that deliver rich media, permission based messages, free of charge to cell phones using Bluetooth® connectivity, while providing Business Intelligence to the client. The Company's patent-pending advertising platform combines the precision of direct marketing and the tracking potential of the Web to deliver more cost effective and ROI-driven advertising than is possible via print, radio and television. iSIGN is based in Richmond Hill, Ontario with R&D and customer support operations in Vancouver, BC. iSIGN is a business partner of AOpen America Inc., having an OEM agreement for the embedding of its IMS software in AOpen's digital media players and IBM, as their Solution Provider, POS All Models. iSIGN's software solutions are also distributed by BlueStar Inc. to their network of Value Added Resellers. iSIGN is publicly traded in Toronto (TSX.V) under the symbol "ISD". Additional information about iSIGN Media can be found at www.isignmedia.com. ..hide


October 4, 2011
SelectCore launches Facebook social mobile remittance platform
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For Immediate Release: October 4, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce the beta launch of the Company's Facebook social mobile remittance platform (www.socialtime.ca).

Social Time allows Canadian Facebook users a safe and convenient way to top-up prepaid mobile phones of friends and family abroad in real-time. The recipient instantly receives notification via text message and their Facebook inbox that their account has been topped-up in their local currency. Recipients can also request a top-up through their Facebook account.

Social Time incorporates the growing landscape of social media with SelectCore's mobile remittance technology and currently supports wireless providers in Latin America including Telcel, Movistar, Digicel, Claro, Lime and Globe to name a few. The service will eventually be offered in other countries and include additional international carriers.
The World Bank estimated that $58.1 billion was remitted to Latin America and the Caribbean in 2010. With 95% of all mobile subscribers in these countries being 'prepaid', there is a sizable opportunity to capture and convert traditional remittances to our social remittance platform.

"We continue to build on our technological initiatives to give us first mover advantage" commented Keith McKenzie, CEO of SelectCore." "Our Social Time Facebook platform is only the beginning in what we see as the vanguard to seamlessly integrating global remittance and financial transactions with social media"

To learn more about Social Time or to request or send a mobile top-up, simply login with your Facebook account at www.socialtime.ca. ..hide


September 29, 2011
SelectCore to host investor update conference call
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For Immediate Release: September 29, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market announces that the Company will hold an Investor Conference Call on Thursday, October 20th, 2011 at 4:30PM. The call is intended to provide investors with an update on corporate developments, which will be followed by a question and answer session.

"We look forward to discussing our growth story and forthcoming milestones with our shareholders" said Keith McKenzie, CEO of SelectCore. "We also plan to articulate several initiatives that the Company is focused on that will exploit and monetize the combined synergies of our proprietary technology platforms, product offerings and retail distribution channel."

Call-in details will be posted before October 20th on the Company's website at www.selectcore.com. Attendees are encouraged to submit any questions prior to the start of the call via email to investor@selectcore.com. ..hide


September 26, 2011
SelectCore launches first mobile banking app for Iridium MasterCard
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For Immediate Release: September 26, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce the launch of the Company's first mobile banking app for Iridium MasterCard.

The Company's first generation Blackberry app is available free of charge to registered Iridium Cardholders. The app is secure, easy to use and can be downloaded instantly from the cardholder's online account.

The new mobile banking app allows cardholders to conveniently:
  • check their account balance
  • view recent transaction history including purchases, loads and more
  • money-share between other Iridium cardholders in real-time
  • and more


The new Iridium app for Blackberry devices is the latest development in SelectCore's efforts to offer industry-leading technology that provides for a superior user experience. Cardholders can now conveniently manage their account and send money to other Iridium cardholders from anywhere in the world while on the go 24-hours-a-day, 7-days-a-week, 365-days-a-year.

SelectCore also intends to launch this mobile banking app for iPhone and Android devices.

In addition to the new smart-phone applications, Iridium cardholders are provided with other convenient account access tools including IVR, live agent support, online and SMS.

The next phase of the Company's mobile strategy is to introduce a complete 'mobile wallet' solution utilizing near-field communications (NFC) payment technology. As payment networks, processors and acquirers continue to deploy NFC technology and point-of-sale devices, Iridium customers will be able to use their mobile wallet instead of a traditional card to make purchases at millions of merchant locations worldwide. ..hide


September 13, 2011
SelectCore provides update on private placement
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For Immediate Release: September 13, 2011

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market announces that the Company has decided to defer the balance of its previously announced private placement at the present time.

Due to recent market volatility, the Company believes raising capital at the current market price would be unnecessarily dilutive to all shareholders.

The Company elected to obtain a new $5M convertible debt facility from Windsor Bancorp as announced on September 4, 2011.

In addition to this new financing, the Company recently raised approximately $2.5 million in new equity between the exercise of warrants and options, and the closing of a $1 million tranche of the private placement as announced on August 3, 2011.

Management is of the opinion that the improvement in the Company's financial position provides the Company with adequate capital in the short-term to execute on its business plan while market conditions improve, thus allowing the Company to proceed with raising equity at a higher price point. ..hide


September 6, 2011
SelectCore completes $5 million financing
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For Immediate Release: September 6, 2011

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market is pleased to announce that it has closed a new long-term secured convertible debt facility with its senior lender Windsor Bancorp Limited Partnership ("Windsor")

Pursuant to the loan agreement, Windsor will advance a minimum of approximately $3 million (the "Initial Advance") with the option of increasing the amount to $5 million upon the Corporation meeting certain financial covenants. The term of the new facility will be 24 months with the option of extending for two additional one-year terms. The credit facility will bear an interest rate equal to the prime rate charged by the Royal Bank of Canada plus 9% per annum. Windsor will receive a commitment fee equal to $135,500.

Under the terms of the new facility, Windsor shall have the option of converting a portion or the entire principal amount into common shares ("Common Shares") of the Corporation. The Initial Advance may be converted into up to 9,666,666 Common Shares at a conversion price of $0.30 per Common Share. The maximum amount of the Initial Advance convertible at any given time is $1.5 million with further $500,000 tranches being convertible in 30-day intervals. Any advances over and above the Initial Advance may be converted into Common Shares at a conversion price to be determined in accordance with policies and requisite approvals of the TSX Venture Exchange. The Corporation, has the option to reduce the outstanding principal balance of the loan to $3 million on or before the date which is five months following the date hereof and $2 million on or before the date that is eighteenth months following the date hereof, thereby reducing the potential conversion amount.

Keith McKenzie, CEO of SelectCore commented, "We are pleased with the continued confidence that Windsor Bancorp has in SelectCore. We believe we have chosen the right finance partner to assist the Company as we continue to execute on our growth strategy." ..hide


August 30, 2011
SelectCore releases financial results for Q2, 2011
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For Immediate Release: August 30, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market is pleased to report its financial results for the second quarter ended June 30, 2011.

Q2 FINANCIAL HIGHLIGHTS:
  • Revenues for the period were $22,027,417
  • Gross profit for the period was $1,478,083
  • Gross margin for the period was 6.71%
  • Net loss for the period was $0.005 per share
  • Adjusted EBITDA for the period was $408,996


The Company's Financial Statements and Management Discussion and Analysis for the three months ending June 30, 2011 are available on SEDAR at www.sedar.com.

Q2 KEY MILESTONES:
  • Bryan Kenyon, former Director of Financial Planning & Analysis for Green Dot joined SelectCore as Senior Advisor to assist the Company's launch of ReCash
  • Positive key performance indicators realized for Iridium MasterCard
  • Signed exclusive Iridium sales agreement for multiple GTA mall locations
  • Commenced efforts to expand Iridium MasterCard into the US market
  • Filed patent for ReCash technology with the Canadian Intellectual Property Office
  • Ranked one of Canada's Fastest-Growing Companies by Profit Magazine
  • Launched instant online reloads with Interac Online for Iridium MasterCard
  • Announced development of new mobile remittance platform offering North American consumers a free and instant money transfer solution
  • Signed 3 year service agreement with Hudson Bay Company
  • Made significant progress towards transitioning the Company into the high-margin prepaid financial services space.


IMPROVED FINANCIAL POSITION:
In the second quarter, Senior Management focused their efforts on securing new debt and equity financing to improve the Company's working capital position and provide the necessary growth capital to execute on its business plan and accelerate the roll out of its new offerings including Iridium MasterCard, ReCash and its Mobile Remittance platform.

In the second quarter and subsequent to June end, the Company significantly improved its balance sheet and financial position through proceeds of approximately $1,500,000 from the exercise of warrants and options in addition to gross proceeds of $1,000,000 from its initial tranche of its recently announced Private Placement. The Company also secured a new $5,000,000 long-term convertible debt facility with its senior lender which pending regulatory approval. The Company plans to announce the closing of its new facility and subsequent tranches of its private placement.

Keith McKenzie, CEO of SelectCore commented "The Company has been making significant progress towards its transition into the high-margin prepaid financial services space. We believe that our current financing efforts will propel the execution of our growth strategy to drive profitability and long term shareholder value" ..hide


August 24, 2011
SelectCore secures trademark and provides update for ReCash®
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For Immediate Release: August 24, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market, is pleased to announce that it has received its trademark registration for ReCash® from the Canadian Intellectual Property Office.

Similar to Green Dot (NYSE: GDOT) in the United States, ReCash® will be Canada's first ubiquitous retail cash reload network that offers consumers a convenient and secure way to load cash onto any prepaid Visa, MasterCard or a wide range of other stored-value cards and accounts.

The ReCash® platform facilitates the conversion of cash into electronic forms of payment in real-time. For a nominal service fee of up to $4.95, customers can purchase a ReCash® voucher in any dollar value up to $500 from any participating merchant. The funds are instantly transferred to the customer's prepaid card or account and available for immediate use.

Further to the Company's press release on May 27, 2011, SelectCore remains focused on completing the development of its patent-pending technology for ReCash® with the objective of rolling out the platform to thousands of retail locations across Canada in addition to exploring licensing opportunities in other markets. SelectCore's Senior Advisor, Bryan Kenyon, former Director of Financial Planning and Analysis for Green Dot Corporation (NYSE: GDOT), continues to assist the Company with its development and launch initiatives.

"We believe that upon successful execution, SelectCore will become Canada's frontrunner in the emerging business of converting consumer's cash into electronic forms of payment" said Keith McKenzie, CEO of SelectCore. "Last year alone the US market for prepaid reloads surpassed $165 billion and is expected to more than double by 2013."

"ReCash® can provide millions of under-banked consumers with financial empowerment to be included in what's increasingly becoming a cashless society" commented Ryan Deslippe, President of SelectCore.

The launch of ReCash® is part of SelectCore's strategic growth strategy of leveraging its well-established legacy business to transition the Company into becoming a high-margin financial transaction processor for the under-banked consumer market. ..hide


August 3, 2011
SelectCore closes initial tranche of Private Placement
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For Immediate Release: August 3, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market is pleased to announce that it has closed the first tranche of its previously announced private placement.

The Corporation issued an aggregate of 3,333,333 units (the "Units") at $0.30 per Unit for gross proceeds of $1,000,000. Each Unit is comprised of one common share and one common share purchase warrant (the "Warrant"). Each Warrant entitles the holder thereof to acquire one common share at an exercise price of $0.35 per common share at any time on or before July 29, 2013. The common shares and warrants are subject to a regulatory four-month hold period, which expires on November 30, 2011.

In connection with the private placement, the Corporation paid two arm's length parties finder's fees of $80,000 and issued an aggregate of 266,666 broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder thereof to acquire one Unit at an exercise price of $0.30 per Unit at any time on or before July 29, 2013.

The net proceeds from the private placement will be used by the Corporation for working capital and general corporate purposes.

Keith McKenzie, the Chief Executive Officer of the Corporation, stated "With our new long-term convertible debt facility, the recent exercise of options and warrants and proceeds from the private placement, SelectCore has a stronger balance sheet and financial base from which it can accelerate its business plan." ..hide


July 18, 2011
SelectCore proposes Private Placement
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For Immediate Release: July 18, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, announces that, subject to regulatory approval, it has agreed to a non-brokered private placement of up to 16,666,666 units at a price of $0.30 per unit for gross proceeds of up to $5,000,000. Each unit is comprised of one (1) common share and one (1) common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) common share for a period of two (2) years from the date of issuance. The Warrants are exercisable at a price of $0.45 per common share. There may be a finder's fee paid in connection with the proposed private placement. The proceeds will be used to reduce the Company's debt and for general working capital and business development purposes. ..hide


July 7, 2011
SelectCore plans expansion into the Middle East
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For Immediate Release: July 7, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG), a prepaid telecom and financial services transaction processor for the unbanked consumer market is pleased to announce its plans to enter the Middle East market with an initial focus on IT development and pursuing transaction processing and licensing partnerships for its proprietary PrepaidONE POSA solution and mobile remittance platform. The Company is currently in the process of opening a regional office in Amman, Jordan.

The Company's expansion efforts will be led by Mohammad Abu-Leil who has accepted the new role as Executive Vice President of International Business Development. Mr. Abu-Leil has been with SelectCore since January of 2007 formerly in the roles of both Vice President of Sales and Distribution and COO. His roots and broad knowledge of the Middle East are strong assets that will facilitate the Company's entrance into this sizable market. Mohammad will continue to manage key Distribution accounts in Canada and will be responsible for future expansion into other international markets.

"We believe that licensing our technology is the best strategy for the Company to grow and expand into new markets without having to incur significant overhead or capital expenditures" said Keith McKenzie, CEO of SelectCore.

Further to this appointment and the Company's previously announced interim CFO appointment in February of 2010, the Board of Directors of SelectCore has now commenced the process of vetting a seasoned executive to fill a permanent CFO/COO role to assist the Company with its growth plans as it begins to enter new markets and the prepaid financial services space. ..hide


July 4, 2011
SelectCore grants options
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For Immediate Release: July 4, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG) announces that an aggregate of 3,200,000 options to purchase common shares of the Company have been granted to directors and officers. The options are exercisable at $0.45 per share and expire on July 3, 2014. ..hide


June 28, 2011
SelectCore provides management update
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For Immediate Release: June 28, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG) a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market announces that there has been no material change in the Company nor has there been any insider selling that would account for the recent decline in share price following the release of its record Q1 financial results.

SelectCore has made significant progress towards transitioning the Company into the high-margin prepaid financial services space with the launch of Iridium MasterCard, ReCash and its new international mobile remittance solution.

These new offerings, together with key milestones to be announced by the Company in the near future, will provide significant growth opportunities for SelectCore.

"Management and the entire SelectCore team remain committed to the Company's vision and creating long-term shareholder value" said Keith McKenzie, CEO of SelectCore. ..hide


June 23, 2011
SelectCore renews contract with HBC
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For Immediate Release: June 23, 2011

TORONTO, ON: SelectCore Ltd. (TSXV:), a provider of prepaid telecom and financial solutions is pleased to announce that it has renewed its service agreement with Hudson's Bay Company (HBC).

SelectCore will continue to provide POSA (point-of-sale activation) transaction processing for HBC's prepaid gift cards for an additional 3-year term.

Keith McKenzie, CEO of SelectCore said, "We are very pleased with HBC's continued confidence in our Company and technology platform" ..hide


June 21, 2011
SelectCore announces record financial results for Q1, 2011
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For Immediate Release: June 21, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to report its financial results for the first quarter ended March 31, 2011

Financial highlights compared to the same period 2010:
  • Revenues increased 1.3% to $21 million
  • Gross Profit increased 107% to $2.25 million
  • Gross Margins increased 104% to 10.7%
  • Adjusted EBITDA increased 11,500% to $1.1 million
Revenues of $20,987,393 for the first quarter 2011 represented an increase of 1.3% as compared to $20,726,395 in the same period 2010. Gross profit of $2,247,092 for the first quarter 2011 represented an increase of 107% as compared to $1,086,575 in the same period 2010. Gross margins of 10.7% for the first quarter 2011 represented an increase of 104% from 5.2% in the same period 2010. Net profit for the first quarter 2011 was $343,290 or $0.0032 per share compared to a net loss of $737,450 in the same period 2010. Adjusted EBITDA for the fist quarter 2011 was $1,111,106, an increase of 11,500% as compared to $9,562 in the same period 2010.

As previously announced, the Company's growth strategy is now focused on high-margin prepaid financial services and the monetization of its technology platforms through licensing arrangements.
The first quarter financial improvements reflect the initial results of this strategy with the Company having secured a licensing deal for its prepaid financial services platform. Incremental costs in the first quarter 2011 were related to the closing of new debt financing facilities, resources requirements for IT development and the Company's expansion into the US market.

Keith McKenzie, CEO of SelectCore commented "We have invested considerable resources with technology development and our entrance into the prepaid financial services industry in the past two years and we are now starting to realize a return on our investment that we expect will continue to drive profitability and long-term shareholder value."

The Company's Financial Statements and Management Discussion and Analysis for the three months ending March 31, 2011 are available on SEDAR at www.sedar.com. ..hide


June 15, 2011
SelectCore launches instant online reloads for Iridium MasterCard
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For Immediate Release: June 15, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG / PINK: SLXXF), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to announce the launch of instant online reloads for Iridium MasterCard.

Cardholders can now instantly reload their Iridium Prepaid MasterCard using Interac Online. This convenient reload option is secure and easy to use, allowing funds to be transferred directly and instantaneously from an existing bank account.

Instant online reloads will allow Iridium MasterCard to significantly broaden its demographic audience from the unbanked to mainstream consumers such as parents and teenagers / students, travelers and more.

Customers can now also purchase an Iridium Prepaid MasterCard online and have it mailed directly to their home.

"This revolutionizes the way consumers will use prepaid cards", said Keith McKenzie, CEO of SelectCore. "Our cardholders or their friends and family can reload from the comfort of their home – and soon on the fly from their mobile device."

For more information or to order or reload an Iridium Prepaid MasterCard, please visit www.iridiumcard.ca. ..hide


June 9, 2011
SelectCore announces industry-changing mobile remittance solution
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For Immediate Release: June 9, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG / PINK: SLXXF), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to announce its revolutionary Free and Instant Money Transfer solution.

After considerable development, testing and trials, the Company is now preparing to go to market with its technology by securing international merchant partnerships and deploying the service domestically throughout thousands of its existing retail locations.

Consumers across North America will be able to send free and instant money transfers to their friends and family abroad. The remittance is delivered instantly to the recipient's mobile device and funds are available for immediate use at their local merchant.

Unlike traditional money transfer services where high fees are incurred by the sender and receiver, SelectCore's revenue model is based on transaction fees and margin earned from merchant redemptions, similar to that of interchange with the major payment networks. International merchants can easily interconnect to the platform through their existing point of sale hardware.

Management believes that SelectCore is once again well positioned with its ability to leverage the Company's existing retail channel that provides direct access to millions of immigrants and ethnic consumers who are the target audience for this type of service.

"The development of this technology is keeping inline with the Company's global strategy of converting cash to electronic forms of payment while aggregating millions of under-banked consumers" commented Ryan Deslippe, President of SelectCore.

"SelectCore is poised to take part in the evolving mobile remittance industry", said Keith McKenzie, CEO of SelectCore. "Our technology that delivers a free and instant money transfer is truly a game changer". ..hide


June 1, 2011
SelectCore ranked one of Canada's Fastest-Growing Companies
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For Immediate Release: June 1, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG / PINK: SLXXF), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to announce it has been included in the 23rd Annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.

The Company is also proud to be in the top 10 largest PROFIT 200 companies with the likes of Research in Motion.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.

"The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they've come so far, so fast."

SelectCore ranked 145th with a 5-year growth rate of 323%. The Company previously made the PROFIT 200 list in 2006, 2007 and 2009.

"We are very pleased with the Company's continued growth and success and I believe we have just scratched the surface on where the next 5 years will take us." commented Keith McKenzie, CEO of SelectCore. ..hide


June 1, 2011
SelectCore to release Q1, 2011 financial results
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For Immediate Release: June 1, 2011

TORONTO, ON: SelectCore Ltd. (TSXV: SCG / PINK: SLXXF), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is providing an update on the release of its first quarter, 2011 financial results.

Due to implementation of new IFRS (International Financial Reporting Standards), the CSA (Canadian Securities Administrators) has extended the filing deadline by 30 days for both venture and non-venture issuer's first IFRS interim financial reports. The deadline for SelectCore is therefore June 30, 2011, however management is looking forward to releasing its Q1 results on or about June 17, 2011.

The Company's Financial Statements and Management Discussion and Analysis for the three months ending March 31, 2011 will be posted on SEDAR at www.sedar.com. ..hide


May 11, 2011
SelectCore signs 5-year exclusive deal for Iridium MasterCard
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For Immediate Release: May 11, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to announce that it has entered into a 5 year exclusive distribution agreement for the sale of Iridium MasterCard in over 200 retail locations including Long Distance Phone Card banner stores in major shopping malls across the GTA (Greater Toronto Area) such as Lawrence Square, Parkway Mall, Woodside Square, The Albion Centre, Shoppers World Brampton, Pacific Mall, Jane & Finch Mall, Rockwood Mall, Eglington Square, Centrepoint Mall, Woodbine Centre, Ceadarbrae Mall and Bridalwood Mall.

These locations are in key demographic markets and the mall stores alone currently service in excess of 150,000 customers every month. Deployment of the Company's point-of-sale platform and merchandising is expected to commence June 1st, 2011 or sooner.

In connection with the exclusive distribution agreement, SelectCore has received an initial purchase order for 20,000 Iridium MasterCard cards. The agreement is for an initial five-year term with one-year auto-renew provisions and requires a nominal investment to be made by SelectCore for the merchandising and set-up of each store. The agreement also provides for each location to act as an authorized agent for SelectCore's ReCash reload network.

Keith McKenzie, CEO of SelectCore commented "What excites us most about this partnership is the fact that the Iridium brand will be front and centre with our target audience."

There is no credit check or bank account required to get an Iridium MasterCard. The card, which can be reloaded over and over again, is accepted at over 28.5 million locations worldwide and online. Cardholders have complete control of their funds with online account access, text message alerts, bill pay, money transfers, ATM access and more. Customers may even have their paycheck deposited directly to their card on payday.

"Iridium is like a bank for the un-banked" said Ryan Deslippe, President of SelectCore "from direct deposit to ATM access and more, it's just like having a traditional checking account".

The Company is pursing similar distribution partnerships for Iridium MasterCard in both Canada and the US to further grow its existing retail network.

For more information on Iridium MasterCard, please visit www.iridiumcard.ca. ..hide


May 5, 2011
SelectCore to launch Iridium MasterCard in United States
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For Immediate Release: May 5, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market is pleased to announce that it has received approval for its Iridium brand from the United States Patent and Trademark Office.

Mirroring its proven business model in Canada, SelectCore now plans to launch Iridium MasterCard in the United States with an initial roll-out by the third quarter through the Company's top 2,000 existing retail locations.

Unlike Green Dot (NYSE: GDOT) and NetSpend (Nasdaq: NTSP) who successfully focus on large corporate retail distribution, SelectCore is uniquely positioned to capitalize on the untapped independent retail channel by leveraging its proprietary point-of-sale technology and considerable experience.

According to NACS (the National Association of Convenience Stores), there are over 146,000 convenience stores across the United States of which 62.7% are dominated by single-owner / operators. This, in management's opinion, represents a significant opportunity for the Company to continue growing its US retail network.

A great deal of SelectCore's success to date has been a result of its retail partners' ability to connect with consumers of the same ethnic background and language. "Our typical locations are located in areas where the highest concentration of underbanked consumers shop" explained Keith McKenzie, CEO of SelectCore, "This provides SelectCore with direct access to a captive audience."

Iridium will be the first of its kind prepaid card that is issued in both Canada and the United States. Iridium MasterCard is accepted at millions of locations worldwide from retail stores to online, mail, and phone orders. Card features include online account access, text message and email alerts, bill pay, money transfers, ATM cash access and more. No credit check or bank account is required and cards can be reloaded over and over again with up to a $5,000 balance.

According to a recent article on Forbes.com and the most recent FDIC national survey, 25% of households in the United States are unbanked or underbanked, representing over 60 million adults. In 2010, value-loads on open-loop prepaid cards alone totaled $165 billion and is expected to grow to $400 billion by 2013.

"Iridium provides unbanked consumers with financial empowerment in a society that is quickly shifting to electronic forms of payment" commented Ryan Deslippe, President of SelectCore, "Expansion into the US is a natural progression for us, especially with our already established retail network" ..hide


April 5, 2011
SelectCore Signs Transaction Processing Agreement with International Mobile Top-up Provider
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For Immediate Release: April 5, 2011

TORONTO – April 5, 2011 - SelectCore Ltd. (TSXV: SCG / US: SLXXF), a leading transaction processor for the prepaid telecom and financial industry, announces that it has signed a 3 year agreement with a leading international mobile-top-up provider to provide transaction processing services. SelectCore's PrepaidONE technology platform helps to facilitate real-time mobile top-up remittances for recipients across Latin America on the major mobile networks including Telcel, Digicel, Claro, Lime and Movistar.

SelectCore's technology platform allows consumers to top-up the mobile phones of their friends and family members in Latin America. After the transaction is processed, the recipient instantly receives a text message notifying them that their account has been topped-up in their local currency.

With over 500 million mobile subscribers throughout Latin America and 80% being prepaid, international mobile top-up is quickly becoming a new form of global remittance. In 2010, money-transfers to Latin America totaled over $55 billion and most recipients spent a portion of their funds topping-up mobile phones.

SelectCore originally developed the international mobile top-up platform in 2010 for its own retail distribution network, and has since been contacted by other companies looking to employ the technology.

Keith McKenzie stated "This agreement is consistent with the Company's trend of moving into the high-margin transaction processing space." "We remain focused on pursuing similar partnerships and licensing deals for our proprietary technology platforms." ..hide


March 31, 2011
SelectCore Appoints former Green Dot Executive as Senior Advisor
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For Immediate Release: March 31, 2011

SelectCore Ltd. (TSX VENTURE: SCG – News), a leading payment and transaction processor for the prepaid industry, is pleased to announce that it has appointed Bryan Kenyon as Senior Advisor to the Company.

Mr. Kenyon was an early-stage executive and served as the Director of Financial Planning and Analysis for Green Dot Corporation (GDOT), a Sequoia Capital backed venture. Prior to his tenure at Green Dot, Bryan held senior-level finance management and analyst positions at Fluor Corporation. Mr. Kenyon is a partner in two investment funds and a private investor in several manufacturing, telecommunications and financial services companies. Bryan serves as the current chairman of Trycera Corporation, a US based, publicly traded financial services start-up catering to the financial management needs of under-banked consumers. Mr. Kenyon holds an MBA from the Graziadio School of Business and Management at Pepperdine University and a BA in business administration/finance from California State University at Fullerton.

Bryan will assist SelectCore with strategic planning and the roll-out of the Company's launch of ReCash – Canada's first retail cash reload network for network branded prepaid cards, similar to Green Dot (NYSE: GDOT) and NetSpend (Nasdaq: NTSP) in the US.

Mr. Kenyon will also provide guidance in the Company's dealings with US-based equity funds looking to invest globally in prepaid financial services companies such as SelectCore.

Mr. Kenyon commented "I am excited to join SelectCore at a time when the company is poised to significantly expand its business into the prepaid financial services market. I see perfect timing with the confluence of the growing under-banked population in Canada and SelectCore's existing network of retailers hosting its point-of-sale technology on Verifone terminals. They are in a very unique position to accelerate the roll-out of ReCash and leverage the Iridium brand."

Kenyon joins SelectCore just weeks after the Company announced the launch of ReCash and its plans to roll-out Iridium MasterCard nation-wide. "These among other key initiatives including expansion plans for new emerging markets, are positioning SelectCore for growth in margins, earnings and shareholder value" said Keith McKenzie, CEO of SelectCore. ..hide


March 21, 2011
SelectCore Announces Key Strategic Financing Vehicles. Pays out Comvent Capital in Full.
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For Immediate Release: March 21, 2011

TORONTO, ON: SelectCore Ltd. (TSX VENTURE: SCG - News) ("SelectCore" or the "Company"), a leading payment and transaction processor for the prepaid industry, is pleased to announce that subsequent to paying down $1.25M of the company's senior debt in the last quarter of 2010, it has now paid out Comvest Capital II, L.P. in full and in advance of the March 31st and December 31st 2011 due dates.

The company has obtained a new senior, secured loan facility in the amount of $2.9M from Windsor Bancorp Limited Partnership and a $1.12M subordinate, secured loan from Digital Telecom Inc. (collectively, the "Loans").

The senior loan matures July 2011 and may be extended up to an additional 5 months. The subordinate loan matures March 2012. Both Loans bear an interest rate of 9.5% per annum.

In connection with this financing, SelectCore issued 2.9 million bonus common shares in its capital (the "Bonus Shares") from treasury, and an aggregate of 4.02 million warrants (each a "Warrant"). Each Warrant is exercisable into one common share for periods matching the maturity of the facilities (as extended) at the following strike prices: 1.34 million at $0.25 per share, 1.34 million at $0.30 per share and 1.34 million at $0.35 per share.

Further to the press released February 11, 2011, SelectCore announces that it has also entered into non-binding term sheets with certain prospective lenders to provide the company with long-term debt financing facilities if required. The Loans, however, provide SelectCore with a substantial amount of flexibility and time to weigh all strategic financing options.

SelectCore believes that the Loans will allow it to focus primarily on the success of the business as they do not contain certain onerous covenants which past financing arrangements contained and which limited the Company's freedom to fully execute on its strategic plans. The Loans also streamline SelectCore's reporting practices to its lenders.

SelectCore now plans to focus on maturing its prepaid financial services business including the nation-wide rollouts of Iridium MasterCard and ReCash – Canada's first ubiquitous cash reload network.

Keith McKenzie, CEO of SelectCore commented "These refinancing initiatives are a key milestone to increasing shareholder value. We are excited about our ability to move forward and execute on our growth strategy." ..hide


March 4, 2011
SelectCore Engages IR Firm
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For Immediate Release: March 4, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for the prepaid industry, announces that it has entered into an agreement with Resultz Media Group Corp. ("RMG") under which RMG will enhance the visibility of the company to put them on a comparable level playing field with American peer companies.

The company also announces that it is currently in the process of selecting a US based investors relations firm and plans to make an announcement in this regards in the immediate future.

The agreement with RMG is for a five-month term, subject to renewal. Under the agreement, SelectCore will pay RMG a fee of CAD$2,000.00 monthly. In addition, SelectCore has granted a stock option inrespect of 250,000 common shares to RMG, at an exercise price of $0.12 per share. RMG has advised SelectCore that it has no direct or indirect interest in securities of SelectCore, or any right or intent to acquire such securities other than pursuant to the exercise of the stock option granted by SelectCore. The agreement with RMG is subject to regulatory approval, including that of the TSX Venture Exchange. ..hide


February 23, 2011
SelectCore Launches ReCash - Canada's First Retail Reload Network
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For Immediate Release: February 23, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for the prepaid industry, is pleased to announce the launch of ReCash, Canada's first ubiquitous cash reload network for prepaid stored-value cards.

Similar to Green Dot Corporation (NYSE: GDOT) in the United States, ReCash offers consumers a convenient and secure way to load cash onto their reloadable prepaid Visa or MasterCard.

For a nominal fee of $4.95, cardholders can purchase a ReCash Voucher with any dollar value up to $500 from a participating retail outlet. The funds can be transferred instantly to the customer's card via text message, online, or toll-free phone number.

For the initial rollout, thousands of existing retailers with SelectCore-owned Verifone terminals will become ReCash 'branches' and 'tellers'. The proprietary technology behind ReCash is integrated with the Company's legacy PrepaidONE platform which provides mobile top-ups for millions of prepaid users. SelectCore also has plans to quickly expand its reload network to include many of Canada's national chains.

Green Dot's success in the United States clearly illustrates the size and potential of the prepaid financial services industry. Last year alone, reloads for prepaid cards in the US surpassed $165 billion and this number is expected to more than double by 2013. The Canadian market is only in its infancy and is poised for growth as consumers gain awareness and society shifts away from cash towards electronic forms of payment.

"Our strategy is simple: to create the nation's first and largest retail reload network" says Keith McKenzie, CEO of SelectCore. "The recent success of the Green Dot (GDOT) and NetSpend (NTSP) IPOs has spurred considerable interest in the prepaid industry among investors and retailers alike."

"ReCash will play a key role in providing financial empowerment to millions of credit-challenged consumers who are underserved by Canada's financial institutions" commented Ryan Deslippe, President of SelectCore.

The launch of ReCash is part of the Company's growth strategy to expand into high-margin financial transaction processing. For more information please visit www.recash.ca. ..hide


February 17, 2011
SelectCore announces candidacy for Profit 100 ranking of Canada's Fastest-Growing Companies
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For Immediate Release: February 17, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for prepaid financial and telecommunication services is pleased to announce its candidacy for the 2011 Profit 100 ranking of Canada's Fastest-Growing Companies.

This year will be Profit Magazine's 23rd annual recognition of Canada's most entrepreneurial and best and brightest companies. SelectCore's 2011 candidacy is based on the Company's five-year sales growth of 324% from $24.4 million in 2005 to $103.5 million in 2010.

SelectCore was previously honoured three times by Profit 100 in 2006, 2007 and 2009. Since its first ranking as Canada's 6th fastest-growing company, SelectCore has realized unprecedented growth of 39,770%.

The Company is pleased to have been recognized by Profit 100 for multiple years along side notable companies such as Research In Motion (RIM). Complete results and rankings will be released in the upcoming June issue of Profit Magazine. ..hide


February 14, 2011
SelectCore provides update on Iridium MasterCard
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For Immediate Release: February 14, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for prepaid telecom and financial services is providing an update on its Iridium MasterCard business.

In the first quarter of last year, SelectCore launched Iridium MasterCard, the first of its kind reloadable prepaid card offered in Canada.

SelectCore's proprietary point-of-sale technology that facilitates real-time card activation and reloads, has been deployed on over 4,000 company-owned VeriFone terminals in the marketplace. Sales results from Iridium cards being offered in a limited number of locations to date has proven to be highly successful. The Company is prepared to continue a nation-wide roll-out once it completes its refinancing (as per the Company's press release dated February 11, 2011).

Iridium MasterCard is part of the Company's strategic growth strategy to diversify into high-margin financial transaction processing. With millions of prepaid transactions being processed through SelectCore's existing terminal network, the Company enjoys direct access to millions of un-banked and credit challenged consumers who do not have access to traditional financial services offered by the banks.

For more information on Iridium MasterCard, please visit www.iridiumcard.ca.

Further to the management update press release dated January 12, 2011, the Company will be announcing the launch of additional financial service offerings in the coming weeks. ..hide


February 11, 2011
SelectCore provides update on refinancing efforts
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For Immediate Release: February 11, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for prepaid telecom and financial services is providing a progress update surrounding its refinancing efforts.

The Company announces that it has been in discussions with, and has received multiple term sheets and commitment letters from interested lenders. The Company is currently evaluating its options, but at this time has not accepted nor is it certain that it will accept any financing offer.

Further to the Company's press release dated October 18, 2010, SelectCore negotiated an amendment to its loan agreement with ComVest Capital II that eliminated any prepayment penalty. In consideration for this, among other amendments, the Company agreed to repay the $2.5M term loan by March 31, 2011 and the $2.5M revolving line of credit by December 31, 2011. The Company subsequently paid down $1.25M of the term loan in Q4 2010, leaving $1.25M due March 31, 2011. If the Company is successful in securing a new lender, it intends to retire the entire $3.75M balance prior to March 31, 2011. Any incremental funds raised would be used for general working capital purposes and new product launches.

The Company makes no assurance that it will be able to secure a new credit facility to retire the current debt facility in full or meet its minimum payment obligation of $1.25M by March 31, 2011. The Company also announces that the Board of Directors has approved the issuance of 4,900,000 options to officers, directors, consultants and employees of the Company. The options are exercisable at $0.12 per share and expire in 24 months. The Company last granted stock options in August of 2009. ..hide


January 12, 2011
SelectCore highlights growth strategy for the new-year and 2010 milestones including record-breaking sales surpassing $100 million
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For Immediate Release: January 12, 2011

TORONTO, ON: SelectCore Ltd. (TSX-V: SCG) a leading payment and transaction processor for prepaid telecom and financial services is pleased to provide an update regarding the Company's achievements over the past year, and its growth strategy for 2011.

2010 Key Milestones:
  • Record-breaking revenues for 2010 (unaudited) exceeded $102 million, bringing the company's ten year CAGR to 82%. The Company expects to release its full audited year-end financials on or before April 30th, 2011.
  • Added over 3,500 new merchant locations to our retail network.
  • Successfully expanded our business into the US market.
  • Ranked one-of Canada's fastest-growing companies for the 3rd year by Profit 100 magazine.
  • Processed over 40 million transactions.
  • Signed new distribution agreements with Wind Mobile and Chatr Wireless.
  • Reduced senior debt facility from $5M USD to $3.75M USD in Q4.
  • Completed new technology development and established key partnerships to launch transaction processing solutions for mobile remittance.
  • Substantially completed technology development for new prepaid financial service offerings to be announced in the first quarter of 2011.


Growth Strategy Highlights:
The Company remains focused on its growth strategy for 2011:
  1. Grow its core business & merchant network
  2. Diversify into high-margin financial transaction processing
  3. License its technology in emerging markets
SelectCore is expanding into high-margin financial transaction processing by leveraging its existing infrastructure, technology, retail channel and capital investment in Verifone terminals.

The Company continues to pursue partnerships in emerging markets such as Latin America in efforts to license its proprietary point-of-sale technology.

SelectCore is actively seeking a new lender to replace its current $3.75M USD senior debt facility with ComVest Capital II LP on or before March 31, 2011 when a principal payment of $1.25M becomes due. A final payment of $2.5M is due December 31, 2011. The Company makes no assurance that it will be able to secure a new credit facility to meet such payment obligations.

SelectCore also announces that it has accepted the resignation of Randy Khalaf from the Board of Directors. Management wishes to thank Mr. Khalaf for his contributions over the past year. The Company does not intend to fill the vacated position at this time. ..hide





Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-lookingterminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to market and financing conditions as well as risks associated with the prepaid telecom and prepaidfinancial industries, changes in project parameters as plans continue to berefined as well as those risk factors discussed in the Company's management's discussion and analysis for the period ended December 31, 2010, available on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance thatsuch information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.