SelectCore Poised for Growth in 2013

SelectCore Poised for Growth in 2013 
TORONTO, ONTARIO -- (Marketwire) -- 01/10/13 -- SelectCore Ltd.
("SelectCore" or the "Company") (TSX VENTURE:SCG) a leader in prepaid
payment solutions is pleased to provide a corporate update as it
moves forward with its strategic growth initiatives for 2013. 
2012 was a pivotal year for SelectCore having achieved several
important milestones including the successful launch and rollout of
phase one of the City of Toronto City Services Benefits Card for the
disbursement of Ontario Works social assistance. 
In September, the Company completed a $5.7 equity financing round,
significantly improving our balance sheet and financial position. We
also reduced our long-term debt in 2012 from $5M to $3M. 
SelectCore remains the only provider in North America to have
implemented a prepaid EMV chip and PIN instant issue card program -
giving us a distinct market position and first-mover advantage in
this rapidly growing industry. We are now targeting other government
agencies looking for more streamlined and cost-effective delivery of
benefits and funds disbursement. There is a growing demand for
prepaid card and cheque replacement solutions at all levels of
government. In Canada alone, the Task Force for the Payments System
Review has set forth recommendations to reduce the use of cheques by
80 percent. SelectCore is well positioned to address this market
demand by leveraging the combined synergies of our proprietary
technology, infrastructure, capabilities and expertise. 
Other target markets include Latin America and the Caribbean where
the Company is currently negotiating and pursuing multiple corporate
and public sector opportunities. Prepaid payment cards are still at
its infancy in these regions, which is home to nearly 400 million
underbanked consumers. Government agencies, corporations and
consumers alike are primed to benefit from the cost-efficiencies,
convenience and security of migrating away from cash and cheques to
electronic forms of payment. According to Boston Consulting Group,
the addressable market for open-loop prepaid card spending in Latin
America and the Caribbean (LAC) will rise to USD 81 billion in 2017. 
We remain steadfast in our product development initiatives as it
relates to new technology and the rollout of mobile, remittance and
cash reload applications. SelectCore is also establishing key
partnerships to strengthen our market position and is working closely
with major industry players including MasterCard (NYSE:MA) and Visa
"2013 will be a year for continued growth and a renewed focus on
increasing the Company's share price and driving long-term
shareholder value," commented Keith McKenzie, CEO of SelectCore. "We
are bullish on our current opportunities and prospects as an emerging
leader in the global prepaid space". 
About SelectCore 
SelectCore Ltd. (TSX VENTURE:SCG) is a pioneer and leader in prepaid
payment solutions for underserved markets. Founded in 1999, the
Company offers a range of prepaid products and services from
stored-value cards to mobile top-up that provide financial
empowerment to a market of millions of under-banked consumers.
SelectCore has been ranked among Canada's fastest growing companies
by Profit Magazine four times in the past six years and was included
in the 2011 Deloitte Technology Fast 500 list of North America's
fastest-growing technology companies. For more information visit 
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 in this press release includes our expectation on
implementation of the program and expected date of further press
release. 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 most recent financial
reporting period, 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. 
SelectCore Ltd.
Investor Relations
(800) 584-8819 ext. 105
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