Mint Technology Corp. - Filing of Fiscal 2007 Audited Financial Results and Management’s Discussion and Analysis: Cease Trade Order Lifted
Toronto, Ontario – February 12, 2008 – Mint Technology Corp. (the "Company") (TSX-V: MIT) today announced that the Ontario Securities Commission (the "OSC") has confirmed that the management and insider cease trade order (the "OSC Order") imposed upon insiders and certain directors and officers of the Company has lifted. Pursuant to its terms, the OSC Order lapsed after the Company completed the filing of its fiscal 2007 audited annual financial statements and management’s discussion and analysis on
February 5, 2008.
The OSC Order was imposed when the Company was unable to file its fiscal 2007 audited annual financial statements and management’s discussion and analysis on or before the January 2, 2008 deadline. The delay in filing was due to uncertainty concerning the Company’s ability to raise additional capital to continue as a going concern. On February 7, 2008 the Company also filed its unaudited interim financial statements for the quarter ended November 30, 2007.
The Company is now in full compliance with all securities regulatory filing requirements to this date.
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 co-branding and loyalty programs, and new wireless payment alternatives such as contactless functionality. The company is headquartered in Toronto, Ontario. www.mint-technology.ca
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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For more information please contact:
Mike Forzley, CA
Chief Financial Officer
Mint Technology Corp.
Tel: 416.581.0001 x243
Fax: 416.581.1527
mforzley@mintinc.com
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