TORONTO, May 04, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. (“SelectCore” or the “Company”) (TSX-V:SCG), a newly established Fintech company is pleased to announce the appointment of Andre Itwaru to Chairman of the Board.
Mr Itwaru is currently CEO, President and Chairman of First Global Data, a Fintech company. Mr. Itwaru is a seasoned senior executive with more than 20 years of experience in the financial services, technology and telecommunications industries. Mr. Itwaru has been the President, CEO and Chairman of First Global since 2003. He has held senior management and executive level positions along with various directorships at small to medium sized businesses and large global organizations, including successful tenures at Sprint Canada, AT&T Canada Corp. and AT&T Solutions.
Mr. Itwaru held various positions at AT&T from 1989 to 1999. Some of these key responsibilities included; establishing and managing the first Operations Process and Quality group at AT&T Canada; Managing the Global Client Support Center responsible for business life cycle management for large strategic clients. Mr. Itwaru was also one of the architects of AT&T Canada's Network Modernization Programme which involved a major shift in the way business was conducted in the company at the time.
Prior to AT&T Mr. Itwaru was Chairman and President of Navaho Networks Inc., a private Toronto-based company providing payment processing services, from March 2000 to February 2002. He also held the position of President and Director of Global Managed Networks Inc., a private technology solutions company from February 2002 to March 2003, and Chairman and President of The Academy of Teaching and Training. He is also currently a director of several private companies.
Mohammad Abuleil, CEO of SelectCore comments, "we would like to thank Mr. Martin Bernholtz for his many years of stewardship as Chairman of SelectCore. His contributions over the years have been considerable and we are pleased he is continuing to show his support by being an active Board member. We welcome Andre Itwaru as our new Chairman. Andre is well recognized as a leader in the Fintech community and we look forward to drawing on his expertise as SelectCore finds new footing as a full suite Fintech company".
Martin Bernholtz, current Chairman of SelectCore had this to say, "I have enjoyed my time as Chairman. The payments space continues to evolve at an accelerating pace and I openly welcome a visionary like Andre Itwaru. Andre brings not only a fresh face but fresh thinking and new ideas to SelectCore. I will continue to show my support to the company as a proactive Board member."
Andre Itwaru, new Chairman of the Board for SelectCore remarks, "I am delighted to be joining SelectCore at a time of corporate transformation to a full fledged Fintech company. SelectCore's card technology is leading edge and blends beautifully with a mobile wallet and remittance technology. With the Fintech additives, we have created a layered transactional revenue model that compounds profitability in an already high margin business. I look forward to the collaboration of First Global and SelectCore and the extrapolation of synergies to create mutual value for both companies."
About SelectCore
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 through its technology platforms and extensive retail distribution network. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol “SCG” (TSXV: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.
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This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Company's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.