Mint Technology Signs Contract with Transguard Group, UAE to Manage Prepaid Payroll Cards

    TORONTO, Nov. 3 /CNW/ - Mint Technology Corp. (TSX-V: MIT) ("Mint" or
"the Company"), today announced that the Company has signed a contract with
Transguard Group ("Transguard") in the United Arab Emirates to manage a
prepaid payroll card for Transguards's migrant workforce.
    The contract engages Mint to manage 15,000 payroll cards issued to
Transguard's core employee group. Transguard is a wholly owned subsidiary of
Emirates Group, one of the largest employers of foreign labor in the United
Arab Emirates. The payroll cards will also include a money transfer function
that can be accessed from employees' mobile phones, providing workers with an
inexpensive money transfer function as an alternative to global currency
companies.
    Additionally, Mint is in advanced negotiations to roll out similar
programs with three other employer groups in the UAE.
    Bradley Kruse, Head of Global Business Development for Mint, stated,
"This contract is a fantastic first step for Mint's global expansion, and is
consistent with the Company's business model targeting the credit underserved
population with tailored products by partnering with prominent corporations
and consumer brands providing large distribution channels. Migrant workers are
a large portion of the population who are underserved, and our prepaid payroll
card makes receiving wages and the transfer of money simpler and cheaper than
current available alternatives."
    "This contract also complies with the UAE Ministry of Labor directive to
provide foreign workers with a safe and secure electronic means of receiving
payroll," concluded Kruse.

    ABOUT MINT TECHNOLOGY CORP.

    Mint Technology Corp. ("Mint") is a pioneer in prepaid financial products
and services and is Canada's first provider of prepaid credit card programs.
As a MasterCard(R) Member Service Provider, Mint works with business partners
to customize prepaid credit card programs that are tailored to meet a company
and its card holder's needs. Mint has developed a secure, robust payments
platform that provides an improved means to handle and manage financial
transactions. Mint also provides services for those clients looking to move
towards 'next generation' payment methods that include chip, internet, data
mining and mobile phone load and remittance technologies. Mint's prepaid card
products include general spend for the underserved, youth and employee
payroll. Stock Symbol: MIT, TSX-V.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information: please visit www.mintinc.com or contact: Mint
Technology Corp., Chris Hogg, President and CEO, Tel: (416) 581-0001, Email:
chogg@mintinc.ca; Dawn Mandarino, CFO, Tel: (416) 581-0001, Email:
dmandarino@mintinc.ca; CHF Investor Relations, Lindsay Carpenter, Account
Manager, Tel: (416) 868-1079 ext. 239, Email: lindsay@chfir.com; Sasha Abrams,
Associate Account Manager, Tel: (416) 868-1079 ext. 246, Email:
sasha@chfir.com; To receive Company news via email, contact sasha@chfir.com
and mention "Mint news" on the subject line.