Agree 100% Mackeral.

Here are some points form the Q3 NR.  January 15-31 is going to be an exciting time I think.


  • Mint's acquisition of the money transfer business, Speed Remit Worldwide ("Speed Remit"), remains in progress and there is an anticipated closing date of January 15, 2013. 
  • Management expects to provide Consolidated Group 2013 Earnings guidance before January 31, 2013, once the Speed Remit acquisition is completed.
  • Revenue was derived from 1,211 active POS at September 30, 2012. A further 1,550 POS are being deployed to merchant locations during December 2012 bringing the total active number of POS as at December 31, 2012 to 2,761.
  • Mint Capital, ("MCO") the Corporation's microfinance subsidiary, commenced operations and launched its personal loan product to cardholders of Mint Middle East in partnership with Mawarid Finance with first loan applications processed during September 2012. Loans will continue to be settled during the 3 months ending December 31, 2012 and beyond. 
  • Mint Middle East, ("MME") the Corporation's payroll card subsidiary, reported a total of 416,029 cards issued of which 245,980 billed revenue at September 30, 2012 and continues to transition issued cards to billed revenue cards arising from new contracts secured during 2012. MME also won new contracts totaling 65,000 cards during October and November which will be issued by December 31, 2012. 
  • Mint Global Processing, ("MGP"), the Corporation's transaction processing business, loaded 109,000 MME cards to its platform and continues to migrate MME's payroll cards from third party platforms to MGP's facilities.
  • Mint's business development work in Qatar, Saudi Arabia and Egypt continues with draft agreements in Saudi Arabia and Egypt continuing to be negotiated in both regions. Business activity is underway in Qatar and revenues will begin to be reported during Q1 in 2013. Business activity is expected to commence in the Kingdom of Saudi Arabia in the first quarter of 2013. The Egypt project business commencement date will be dependent upon final outcome of contract negotiations.