Science & Technology
Tue, October 25, 2011Mon, October 24, 2011Sun, October 23, 2011Sat, October 22, 2011Fri, October 21, 2011Thu, October 20, 2011Wed, October 19, 2011Tue, October 18, 2011Mon, October 17, 2011Sun, October 16, 2011Fri, October 14, 2011SelectCore Ranked One of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500(TM)
Published in Science and Technology on Wednesday, October 19th 2011 at 6:53 GMT by Market Wire
October 19, 2011 09:42 ET
SelectCore Ranked One of the Fastest Growing Companies in North America on Deloitte's 2011 Technology Fast 500TM
TORONTO, ONTARIO and WINDSOR, ONTARIO and CHATHAM, ONTARIO--(Marketwire - Oct. 19, 2011) - SelectCore Ltd. ("SelectCore") (TSX VENTURE:SCG) is pleased to announce that it ranked number 428 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. SelectCore grew over 174% percent during this period.
SelectCore's Chairman, Martin Bernholtz credits Keith McKenzie, Ryan Deslippe and their dedicated team along with the Company's proprietary technology development and growing consumer demand for prepaid products and services with the Company's growth.
"We are delighted to be included in the Deloitte Technology Fast 500", said Keith McKenzie, CEO of SelectCore. "Our significant growth over the years has been driven by a relentless focus on building-out a strong retail network with our technology platform that is now leading us into the highly-profitable prepaid financial services space."
"SelectCore and all the Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges" said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates SelectCore for this significant achievement."
"We are pleased to honor SelectCore as one of the 2011 Technology Fast 500," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, SelectCore has demonstrated technological innovation, entrepreneurship and rapid growth."
About SelectCore
Established in 1999, SelectCore is a leading provider of transaction processing and point-of-sale solutions for the prepaid telecom market and prepaid financial services sector. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked and credit-challenged consumers through its technology platforms and retail distribution network across Canada and the United States. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol "SCG" (TSX VENTURE:SCG). SelectCore was ranked by Profit100 as one of Canada's fastest growing companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one of North America's fastest growing companies on Deloitte's 2011 Technology Fast 500.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit [ www.fast500.com ].
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to the regulatory approval process, market and financing conditions as well as risks associated with the prepaid telecom and prepaid financial industries, changes in project parameters as plans continue to be refined as well as those risk factors discussed in the Company's management's discussion and analysis for the Company's most recent financial reporting period, available on [ www.sedar.com ]. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
