Jul 06, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Streetinvesting.com is the leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge.
Please visit www.Streetinvesting.com for the full report, additional research and related articles on the company mentioned herein.
Wall Street praised the slide of deal-making news that have boosted some sectors and added to the growing bull sentiment. The newly released figures from the Service sector demonstrated a slight expansion in non-manufacturing industries, indicating that the economy is also recovering smoothly and inflation is indeed on a moderate' level. However, the indecisive progression of bond yields and upcoming economic data on Labor Department's jobs report could play crucial roles in the investors' bullish belief. Mint Capital Corp. (TSX-V: MIT), closed at $ 0.125 with a trading volume of 206,800 this Thursday.
The different exchanges in the US and Canada have been our focal research centers recently, and with much of our resources probing the Canadian Juniors in particular, we are always on the lookout for potential companies. As the market prepares itself for some major economic data due to be released during the course of this month, we bring you our latest nominee, Mint Capital Corp.
On Thursday July 5th, 2007, Mint Capital Corp., a subsidiary of Mint Technology Corp., released news to investors, reporting that it has launched, in partnership with CashValet Financial Services Inc., Canada's premier payroll card ("Payroll Card"). Payroll Cards offer employers the perfect solution for recurring payments such as payroll, expenses and incentives.
"This announcement demonstrates our ability to rapidly develop new products that address untapped markets and opportunities," said Frank Maduri, CEO and president, Mint Technology Corp. "Payroll Cards are an extension of our suite of prepaid products, which are targeted at replacing cheque-based and manual methods of payment."
"The use of prepaid cards for payroll is one of the fastest growing prepaid card segments in the United States and we expect similar adoption in Canada," said Celine Charlebois, CEO of CashValet. "Payroll Cards provide significant benefits for both the employer and employee -- a win win situation. The CashValet payroll prepaid card is a smart way to pay and a smart way to cash."
According to the Pelorus Group, an independent research firm, there were 7 million Payroll Cards in circulation in the US in 2006. This represents more than a three-fold increase from the 2.2 million cards in circulation in 2004. The number of US Payroll Cards is expected to increase to 17.5 million in 2010. Research by the Aite Group projects spending on Payroll Cards to exceed $27.1 billion by 2009.
Payroll Cards will save companies up to 75% of the costs associated with issuing paper-based pay cheques, expense reimbursements and benefits. Employers simply provide their employees with personalized Payroll Cards, where funds can be electronically loaded. Funds from employees' pay cheques can then be withdrawn from ATM machines, or the funds can be used for purchases anywhere traditional credit cards are typically accepted. The employee benefits are two-fold; firstly, it eliminates cheque-cashing fees for those employees that do not have a banking relationship or those that are underbanked. Secondly, it provides credit card like capabilities to those employees that do not qualify for traditional credit cards.
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.
As a division of Perceptech Inc., CashValet has been a specialist in direct deposit solutions since 1980. CashValet develops and markets new methods of electronic transactions. CashValet manages a payroll prepaid card including program implementation, sales and marketing, system operation, risk management and customer service.
As many on The Street keep their chins high about stocks in the course of more merger news, the bulls are slowly consolidating grounds on the market after weeks of strenuous efforts against the odds. We will stay focus on the chain of events and developments that would be linked with Mint Capital Corp. as they make their way through their respective exchange. If you wish to keep in touch with Mint Capital Corp. as they dwell the trading flow, please visit our website, www.streetinvesting.com, for free exclusive insights.
Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.
We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.
Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.
About Street Investing
Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com If you have been brought here under false pretense, please let our staff know by emailing us at [email protected] Please feel free to visit our site for more information and a free membership.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Streetinvesting.com (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Streetinvesting.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Streetinvesting.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected] (C)1994-2007 M2 COMMUNICATIONS LTD