TORONTO, ONTARIO--(Marketwire - Oct. 21, 2011) - SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a prepaid telecom and financial services provider for the under-banked consumer market, is pleased to announce the launch of the Company's second-generation mobile banking Blackberry app for Iridium MasterCard.

The Company previously announced the initial launch of 'Interact Online reloads' in June of 2011 followed by the release of its Iridium mobile banking app in September. This mobile platform is the first of its kind to offer instant mobile value loads to a prepaid stored-value card.

Cardholders can conveniently manage their account while on the go 24-hours-a-day, 7-days-a-week, 365-days-a-year. The added functionality of the Interact Online reload option now allows cardholders and more importantly, the 'banked' to fund the 'unbanked' in real-time.

This convenient reload option is secure and easy to use, allowing funds to be transferred directly and instantaneously from an existing bank account using Interact Online technology.

"This innovative feature allows us to significantly broaden our demographic audience from the unbanked to mainstream consumers such as parents and teenagers, students and friends and family abroad" said Keith McKenzie, CEO of SelectCore.

"This revolutionizes the way consumers will use and fund prepaid cards", said Ryan Deslippe, President of SelectCore. "Cardholders or their friends and family can now reload an Iridium card from anywhere in the world, instantly from their mobile device."

SelectCore also intends to include this new feature with the launch of its iPhone and Android mobile banking app releases.

The next phase of the Company's mobile strategy is to introduce a complete 'mobile wallet' solution utilizing near-field communications (NFC) payment technology. As payment networks, processors and acquirers continue to deploy NFC technology and point-of-sale devices, Iridium customers will be able to use their mobile wallet instead of a traditional card to make purchases at millions of merchant locations worldwide.

For more information or to get your own Iridium Prepaid MasterCard, please visit [ www.iridiumcard.ca ].

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.

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 period ended June 30, 2011, 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.

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