Mint Technology Corp. TSX VENTURE : MIT

February 06, 2009 10:47 ET

Mint Issues Debt Settlement Warrants

TORONTO, ONTARIO--(Marketwire - Feb. 6, 2009) -

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Mint Technology Corp. (Mint) (TSX VENTURE:MIT) announced that it has reached an agreement with an arm's length creditor to settle a professional fees debt totaling $20,000 by the issuance of 100,000 common share purchase warrants exercisable at $0.15 per share for a period of 24 months. The issuance of the warrants is subject to the approval of the TSX Venture Exchange. The warrants, and any shares issued thereunder, will be subject to a four-month hold period calculated from the date on which the warrants are issued.

ABOUT MINT TECHNOLOGY CORP.

Mint Technology Corp. is a pioneer in prepaid financial products and services and is Canada's first provider of prepaid credit card programs. As a MasterCard® Member Service Provider, Mint works with business partners to customize prepaid credit card programs that are tailored to meet a company and its card holder's needs. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage financial transactions. Mint also provides services for those clients looking to move towards 'next generation' payment methods that include chip, internet, data mining and mobile phone load and remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Stock Symbol: MIT on the TSX Venture Exchange.

For additional information please visit www.mintinc.com.

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