TORONTO, June 29, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. (“ SelectCore ” or the “ Company ”) (TSXV:SCG).
Pursuant to the Definitive JV signed between First Global Data and SelectCore and the subsequent formation of FintechUnion, we are pleased to confirm the appointment of David Mackereth to the position of General Manager.
David's role will encompass all aspects of business development as it relates to various forms of FINTECH such as a prepaid card and a mobile wallet that enables a full spectrum of payments in addition to both domestic and cross border remittances.
Revenues and associated expenses will be shared between the two companies and initiated business will be managed from origination to deployment.
Mr. Mackereth brings extensive sales and marketing experience to FintechUnion. As a leading marketing executive for over 25 years, he has excelled in the ability to understand client needs and build strong relationships. David has been a CA for 45 years and has been owner, consultant, and director in various entities ranging from Prepaid long distance, Prepaid wireless, and Prepaid cards. The transition to a full suite FINTECH solution represents the ideal FINTECH migration.
Mohammad Abuleil, President and CEO of SelectCore, comments, "Finding a qualified FINTECH representative to run the JV and at the same time multi task to encompass business development was no easy feat. Very particular and specific skillsets were required and David checked all the boxes. We are going after targeted opportunities that will provide accelerated pathways to revenue generation."
"This opportunity excites me," remarks David Mackereth, "as it represents a paradigm shift in FINTECH deployment by augmenting card and wallet to create an all encompassing user dynamic. The union of the two will allow us to capitalize on much more business opportunities."
About FintechUnion (www.fintechunion.co)
With the ability to access a prepaid card solution and add it to a mobile wallet/remittance platform, we have created a novel and innovative FINTECH dynamic. We are now able to offer a full suite FINTECH solution to our large enterprise clientele.
About SelectCore ( www.selectcore.com )
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, corporates and governments through its technology platforms. 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.
Caution: Neither TSX Venture Exchange Inc. (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Information:
This news release contains “forward-looking information” within the meaning of applicable securities laws. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
For further information please contact: Mohammad Abuleil email: mabuleil@selectcore.com
