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SelectCore Develops Android Mobile Banking App for Iridium MasterCard
[March 20, 2012]

SelectCore Develops Android Mobile Banking App for Iridium MasterCard


TORONTO, ONTARIO, Mar 20, 2012 (Marketwire via COMTEX) -- SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce that it has completed the development of the Android version of the Company's mobile banking app for Iridium MasterCard.



Similar to the recently launched Iridium Blackberry app, the Android version will be available free of charge to registered Iridium cardholders.

The Android mobile banking app will allow 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 -- reload their card instantly with Interac Online -- and soon locate their nearest ATM The new Iridium app for Android devices is the latest development in SelectCore's efforts to offer industry-leading technology that provides for a great user experience. Cardholders can now conveniently manage their account, view transactions and send money to other cardholders from anywhere in the world 24-hours, 7-days-a-week, 365-days-a-year.


For non-smart phone users, Iridium also offers secure online, live agent and mobile SMS text messaging options allowing cardholders to access their account information in real-time.

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 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 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.

SOURCE: SelectCore Ltd.

SelectCore Ltd.

Investor Relations (800) 584-8819 ext. 105 [email protected] www.selectcore.com

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