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News for Mint Technology Corp. |
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Breaking
News
Mint Technology Welcomes New Board
Member
08:30 EDT Wednesday, July 19, 2006
FSC / Press Release
Mint Technology Welcomes New Board Member
Toronto, Ontario CANADA, July 19, 2006 /FSC/ - Mint Technology Corp.
(MIT - TSX Venture), Canada's leading provider of prepaid credit card
programs, announced today that Roger Rai has joined the Company's Board
of Directors and will serve as a consultant for business development.
Mr. Rai currently serves as Director of Development at the
Toronto-based film company, C.O.R.E Digital Pictures Inc. During his
first year at the company in 2003, Mr. Rai was instrumental in
facilitating Ted Field's Radar Pictures becoming a producing partner
which led to an equity investment in C.O.R.E. Prior to his departure to
the entertainment industry, Mr. Rai worked in the telecommunications
and Internet industries. He was the VP of Sales and one of the founders
of FastVibe and from 1992-98 he held positions in a marketing, sales
and product development capacity at Rogers Cable and Rogers Wireless.
Mr. Rai sits on the boards of the publicly traded company, Zoolander
Corp., and Canada's largest on-line travel retailer, itravel2000. Mr.
Rai also acts as Chairman Emeritus for not-for-profit organization
ONEXONE.
"Roger's business relationships in Canada are far-reaching and
influential. He has been involved in facilitating transactions across a
broad spectrum of industries including finance, telecommunications,
entertainment and lifestyle which will be invaluable to us as we
continue to target and develop programs in these sectors," said Frank
Maduri, president and CEO, Mint Technology Corp., "Having worked with
Roger in the past, I have had first hand experience with Roger's
business savvy, and I am confident that he will provide direction and
insight to the overall leadership provided by our management and Board
of Directors."
"I have been watching Mint's development since Mr. Maduri's arrival in
2003 and it will be exciting to help guide the Company into new
markets," said Roger Rai today, "Companies are always searching for
ways to increase revenue and cut costs. Prepaid addresses both goals;
whether it is for payroll, retail, corporate incentive and promotions,
or consumer specific such as teen cards or travel cards, " he added.
The Company has granted 75,000 options to Mr. Rai at an exercise price
of $0.10 per share, expiring on December 2, 2008.
- 30 -
For more information please contact:
Mich Ahern
Manager, Public Relations, Mint Inc.
c:416.454.8060
o:416.581.0001, EXT. 216
mahern@mintinc.com
About Mint Technology Corp.
Mint is a leading payment solutions company. Through its' payment
platform and prepaid credit card programs, Mint is the first in Canada
to facilitate and deploy prepaid MasterCard(r) cards with unique
features such as co-branding and loyalty programs, and new wireless
payment alternatives such as; MasterCard cards with PayPass(tm)
functionality. The company is headquartered in Toronto, Ontario. To
find out more about Mint Technology Corp. (MIT - TSX Venture), visit
our website at www.mintinc.com.
The TSX venture exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may include statements about future events and/or financial
statements that are forward looking in nature, subject to risks and
uncertainties
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com
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