TORONTO, May 24, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. (“SelectCore” or the “Company”) (TSXV:SCG), a newly established Fintech company wishes to advise investors that a proposal will be made at the next AGM to approve a corporate name change to Fintech Select Ltd.
We have reserved the necessary domain to match the proposed new corporate name. The new proposed identity would convey more appropriate themed business optics to the marketplace, as SelectCore, via the JV with First Global Data, now offers a full suite fintech model comprising of a prepaid card, and a mobile wallet that enables payment and remittance.
SelectCore customers/users will have a wider selection of fintech product mix. The Company will also reserve a new symbol for stock trading purposes. Given the new business dynamics and pipeline initiatives, we wish to accelerate our next AGM.
Mohammad Abuleil, President and CEO, comments, “Rebranding has become a critical path to allow for market awareness around our corporate transformation to a full suite Fintech enterprise. The timing couldn't be better as it coincides with the millennial shift to mobile spend, send and payment functions, as opposed to current forms of banking.”
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.