07 Dec 2011 08:15 ET Marketwire Canada
SelectCore Ltd. (the "Company") (TSX VENTURE:SCG), a provider of prepaid telecom and financial solutions for the credit challenged and under-banked consumer market announces that it has retained a Financial Advisor to act as an exclusive agent in connection with new potential merger / acquisition targets that have been presented to the Company.
Keith McKenzie, CEO of SelectCore commented "We are pleased to be working with an advisor to assist the Company in identifying value and synergies."
Due to the size, sensitivity and confidentiality of ongoing discussions, the Company is not at liberty to disclose the parties at this time.
This engagement is not related to the Company's proposed acquisition of a Canadian payment processor as previously announced on October 31, 2011 and November 21, 2011.
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