- Latest News
December 8, 2011
SelectCore receives advance on debt facility
December 7, 2011
SelectCore Signs M&A Financial Advisory Agreement
November 30, 2011
SelectCore Reports Q3, 2011 Interim
Financial Results
Our Company
Established in 1999, SelectCore is one of North America’s leading providers of transaction processing and point-of-sale electronic distribution solutions for the prepaid telecom and financial services market. Our proprietary PrepaidONE technology platform is the backbone of our business.
From wireless top-up to stored-value cards, we deliver a full suite of important prepaid products and services to millions of credit-challenged and un-banked consumers through our retail network. We also offer wholesale solutions to some of the nation’s largest distributors, retailers and telecom providers.
SelectCore is a public company on the TSX Venture Exchange trading under the symbol “SCG”.
We were ranked one of the nation’s fastest-growing companies in 2006, 2007, 2009 and 2010 by Profit100 Magazine.
Key Market Statistics
• An estimated 80 million American and Canadians are un-banked or credit-challenged
• The prepaid telecommunications industry is expected to double in size to $30 billion by 2013
• Approximately 60 million prepaid wireless subscribers in Canada and USA and 400 million worldwide.
• Prepaid wireless is the fastest growing subscriber segment in North America
• Prepaid subscriptions in grew 68% year over year in 2010 while postpaid subscriptions only grew 3%
• Prepaid stored-value cards is the fastest growing financial product category in North America
• Prepaid stored-value card transactions totaled $165 billion in 2010 and will grow to $400B by 2013
• Prepaid is quickly becoming an attractive alternative to main-stream consumers
• Prepaid is a destination product driving nearly a half billion retail visits annually.
* Statistics taken from various industry publications, presentations and websites.