SelectCore Signs 5 Year Prepaid Card Agreement With AdBrokers
March 12 2014 - 6:00AM
Marketwired
SelectCore Signs 5 Year Prepaid Card Agreement With AdBrokers
TORONTO, ONTARIO--(Marketwired - Mar 12, 2014) - SelectCore Ltd.
("SelectCore" or the "Company") (TSX-VENTURE:SCG), Canada's Leading
Payments Organization, is pleased to announce that it has signed a
5 year agreement with AdBrokers, one of North America's leading
online affiliate marketing companies with over 108,000 active
affiliates.
Under the terms of the agreement, SelectCore will provide a
private label payment card solution, issuing prepaid MasterCard
cards for the purpose of delivering commission payments to
AdBrokers' affiliates in both Canada and the United States.
SelectCore's proprietary platform supports real-time, electronic
disbursement of funds - allowing companies such as AdBrokers to
eliminate the need for costly cheques while offering their
affiliates faster, hassle-free access to their commissions.
Recipients simply redeem their prepaid card funds anywhere
MasterCard is accepted worldwide at 29.4 million locations
including online and at ATMs.
Affiliate payments is a multi-billion dollar a year industry
with global e-commerce sales having exceeded 1.2 trillion in 2013
alone. Streamlining and accelerating the disbursement process not
only saves money for marketing firms, but gives them a strong
competitive advantage to expand their affiliate network.
SelectCore's turn-key, safe, efficient and cost-savings solution is
a great alternative for online companies requiring these forms of
payments.
"We chose SelectCore because of their expertise and
award-winning card platform which allows us to effortlessly issue
payments to our over 108,000 affiliates while at the same time
adding to our bottom line" said Peter Dhillon, President of
AdBrokers.
"This new contract is just one example of how SelectCore is now
leveraging our prepaid technology platforms to reach new verticals
in the alternative payments space" commented Keith McKenzie,
President of SelectCore. "With AdBrokers' established network of
affiliates, we anticipate being able to acquire a sizable number of
cardholders over the term of our agreement."
About SelectCore:
SelectCore Ltd. (TSX-VENTURE:SCG) is a pioneer and leader in
alternative prepaid payment solutions for underserved markets.
Founded in 1999, the Company offers a range of prepaid products and
services that provide financial empowerment to a market of millions
of under-banked consumers. SelectCore has been recognized as one of
Canada's Fastest-Growing Companies by Profit100, North America's
Fastest-Growing Technology companies by Deloitte Fast500, Canada's
Top Tech companies by Branham300 and Canada's Leading Payments
Organization by Payments Exchange.
About AdBrokers:
Adbrokers gives their clients a way to put advertising dollars
to work for them efficiently. Focused on online affiliate
marketing, our cutting edge technology along with our unique
"pay-per-sale" affiliate programs put advertisers in front of over
108,000 active affiliates across a number of platforms. Leveraging
technologies and industry relationships allows merchants to access
turn key affiliate platforms. Our network of affiliates are
streamlined for revenue sharing models, whether it's cash back or
pay per sale. Our 30 years of combined industry experience in web
security, payment processing and affiliate marketing ensure that
all you have to do is put your success in our capable hands and sit
back to collect the rewards.
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.
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 most recent
financial reporting period, 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.
SelectCore Investor Relations(800) 584-8819 ext.
105investor@selectcore.comwww.selectcore.com