Business NewsMarketWire • SelectCore to Acquire Canadian Payment Processor

SelectCore to Acquire Canadian Payment Processor

SelectCore to Acquire Canadian Payment Processor

TORONTO, ONTARIO--(Marketwire - Oct. 31, 2011) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services provider and transaction processor for the under-banked consumer market, announced today that it has executed a binding Letter of Intent to acquire the assets of an arms-length Canadian payment processor (the "Acquisition"). The assets to be acquired will consist of all merchant contracts, all processing agreements, all hardware and software, all accounts receivables, goodwill and all other assets used in the business of the vendor (the "Assets").

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