SelectCore Improves Revenues, Margins and Earnings. Reports Second Quarter Results.

For Immediate Release 08/29/2007

WINDSOR, ON: SelectCore Ltd., (TSX-V: SCG) one of Canada's fastest-growing companies* and a nation-wide prepaid telecommunications provider, announced today the company's record financial results for the second quarter of 2007.

By way of comparison to last quarter, revenue was $10,760,274, an increase of 43%. Gross profit increased 50% and net earnings improved 66%. The Company's un-audited interim consolidated financial statements and management discussion and analysis for the period ending June 30, 2007 are available on SEDAR at www.sedar.com.

Subsequent to the company's second quarter reporting period, SelectCore completed the acquisition of Canquest Communications as previously announced in the news release dated August 1, 2007. This accretive transaction is expected to substantially increase revenues, gross margins and earnings.

"Our record financial results are a solid indicator that we have been moving in the right direction since our public listing in September of 2006" said Peter Burdon, CFO of SelectCore. "We are confident that this organic growth, together with the growth and operational efficiencies expected from the Canquest acquisition, will continue to build shareholder value."

About SelectCore:
Established in 1998, SelectCore is in the business of providing prepaid telecommunication solutions in under-serviced market segments across Canada. The offerings, which include wireless, home telephone, long distance and broadband internet, are marketed through the company's nation-wide distribution channel of independent and chain retailers. SelectCore's technology division maintains its own network infrastructure and provides telecom switching and transaction-based services to several corporate clients including Canada's largest incumbent phone companies. SelectCore became listed on the TSX Venture Exchange in September of 2006 and trades under the symbol "SCG". *Profit 100 ranked SelectCore one of Canada's fastest-growing companies in 2006 and again in 2007.



This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 View or download a printable version of this article