TORONTO, ONTARIO — (Marketwire) — 10/25/11 — SelectCore Ltd. (TSX VENTURE: 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.”
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” (TSX VENTURE: SCG). 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.
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-looking terminology 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 the regulatory approval process, market and financing conditions as well as risks associated with the prepaid telecom and prepaid financial industries, changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company-s management-s discussion and analysis for the period ended June 30, 2011, available on . 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 that such 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
SelectCore Ltd.
Investor Relations
(800) 584-8819 ext. 105
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