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Chris Hogg, President and CEO of Mint, commented, "We are excited to have CHF on board to help us actively expand awareness in the financial and investment communities of Mint Technology's payment platforms and solutions, as well as our determined goals for growth, and helping us to develop our investor communications strategy."
Effective immediately, CHF will provide comprehensive investor relations and market-making services for a fixed term of twelve months to July 31, 2009. Thereafter, services may continue on an open-ended basis whereby cancellation by either party requires three months' notice. CHF will be paid a monthly fee of $7,500 plus allowable disbursements. Additionally, subject to regulatory approval, Mint Technology Corp. has agreed to grant incentive stock options to CHF in the amount of: 167,500 at $0.20 and 167,500 at $0.35 per share, valid for five years.
CHF's market-making activity will be undertaken using a registered broker in compliance with the guidelines established by the TSX Venture Exchange. Glocap Management Inc., a substantial shareholder of Mint Technology Corp., has agreed to furnish share capital from its own holdings for market-making purposes.
About CHF Investor Relations
CHF's effective role is acting as a public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/Venture-listed companies and others seeking to list on North American Exchanges, that operate in a broad range of industries including business and industrial solutions, niche financial products, high-tech, oil & gas, mining exploration and producers, telecommunications, and "green" companies. The depth of capital market experience is formidable dating back to the late 1970's. When all the years are combined the firm boasts well over eight decades of experience which is unrivalled by any other IR firm in Canada. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as branch offices in New York, USA; Sao Paulo, Brazil; and Shanghai, China.
About Mint Technology Corp.
Mint Technology Corp. (TSXV: MIT) through its wholly-owned subsidiaries, 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, and is publicly-listed on the TSX Venture Exchange under the symbol "MIT."
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
To receive Company news via email, contact sasha@chfir.com and mention "Mint news" on the subject line.
Source: Mint Technology Corp. (TSX-V: MIT) http://www.mintinc.ca
CONTACT: Chris Hogg, President and CEO,Mint Technology Corp Tel: +1 416 581 0001 e-mail: chogg@glocapggroup.com Dawn Mandarino, CFO, Mint Technology Corp Tel: +1 416 581 0001 e-mail: dmandarino@mintinc.ca Lindsay Carpenter, Account Manager, CHF Investor Relations Tel: +1 416 868 1079 ext: 239 e-mail: lindsay@chfir.com Sasha Abrams, Associate Account Manager, CHF Investor Relations Tel: +1 416 868 1079 ext: 246 e-mail: sasha@chfir.com Filing Services Canada Inc Tel: +1 403 717 3898 Fax: +1 403 717 3896 WWW: http://www.usetdas.com
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