Mint Technology Corp. Market Update



    TORONTO, Sept. 16 /CNW/ - Mint Technology Corp. (TSX-V: MIT) announced
today that its President and CEO, Chris Hogg, will be speaking with brokers in
Ontario and Quebec over the next week to promote investor interest in the
company.
    Chris Hogg said "Mint is working on a full pipeline of new opportunities,
including programs we are negotiating with a Canadian financial institution
and various initiatives which we are pursuing outside Canada."
    Mint announced that two new programs were under negotiation with a
Canadian financial institution. One program would involve the issuance of
prepaid cards targeted at children and dependents of 2 to 3 million card
holders of the financial institution throughout Canada. A second program with
that financial institution would issue prepaid cards to declined credit card
applicants instead of the traditional "turn down" letter and this card program
would include tools which allow cardholders to monitor their credit score and
spending behavior.
    On September 4, 2008, Mint announced that it would be participating in a
pilot payroll card program with Transguard Group in the United Arab Emirates
and that processing and distribution agreements were under negotiation with
partners in Dubai. "We believe that there are other opportunities for the Mint
payroll product, not only with Transguard in the United Arab Emirates, but
throughout the Middle East. In addition, Mint has various opportunities under
discussion in Europe including as a youth music co-brand opportunity, a
prepaid card for migrants," said Chris Hogg.
    Mint continues to work with MuchMusic managing their prepaid card.
    On September 2, 2008 Mint announced a social gaming card targeted at
Facebook users.
    "We are looking forward to presenting this information to brokers in
Ontario and Quebec over the next few days. Our pipeline is full of
opportunities. We are in discussions concerning private placement funding and
a potential debt facility, with a view to launching these projects over the
next two quarters," said Chris Hogg.

    ABOUT MINT TECHNOLOGY CORP.: Through its wholly owned subsidiaries, Mint
is a leading payment solutions company. With its payment platform and prepaid
credit card programs, Mint is the first in Canada to facilitate and deploy
prepaid credit cards with unique features such as cobranding and loyalty
programs, and new wireless payment alternatives such as contactless
functionality. The company is headquartered in Toronto, Ontario.
www.mintinc.com

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

    To receive Company news via email, contact sasha@chfir.com and mention
"Mint news" on the subject line.





For further information:

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

Organization Profile

MINT TECHNOLOGY CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890