Mint appoints seasoned Technology Executive as strategic advisor

TORONTO, Feb. 15, 2018 — The Mint Corporation (TSXV:MIT) (“Mint”) is pleased to announce that it has appointed Minaz Sarangi as strategic advisor to Mint.
Mr. Sarangi has over 30 years of experience as an executive, CIO, CTO & Chief Architect delivering technology projects globally for banks, insurance companies and fintech start-ups. Mr. Sarangi now advises companies on innovation and strategy relating to digital transformation, blockchain, crypto currency and artificial intelligence technologies.Some of Mr. Sarangi’s past positions include: Executive positions for Lombard Insurance,  Zurich Financial Services, Chief Architect for ING Group, SVP, Chief Architect & CIO, Shared Services for TD Bank, and EVP & CIO for the fintech startup Mozido, which raised $285 million in funding and delivering innovative payment solutions.“We are pleased to welcome Mr. Sarangi to the Mint team. Mr. Sarangi’s experience building major platforms for blue-chip financial organizations will be invaluable as Mint continues to grow its global payments business. We are excited to gain global best practices from Mr. Sarangi as Mint integrates blockchain technology into Mint’s existing technology platform,” says Vishy Karamadam, CEO of The Mint Corporation.“I’m thrilled to be working with the MINT Executives to bring new and exciting Financial Service products built on Blockchain technologies that will serve the Unbanked & Underbanked. MINT is a forward-looking organization that is in a unique position to leverage blockchain technologies to lower cost & risk while increasing security and efficiency.  After designing the London Football Exchange (LFE), I’m excited to bring the next level of innovation to a recognized Industry leader like Mint.” – Minaz SarangiAbout Mint
The Mint Corporation (TSXV:MIT), through its majority owned subsidiaries (the “Mint Group”), is a globally certified payments company headquartered in Toronto, Canada with its primary business in Dubai, United Arab Emirates (UAE). The Mint Group is approved by the UAE Central Bank, Mastercard and UnionPay as a third-party payment processor. Mint processes over US$1 billion in payroll annually for hundreds of corporate clients and financial institutions and the Mint community consists of approximately 400,000 cardholders. Mint’s clients include some of the leading blue-chip companies in the UAE.
Mint provides employers with automated payroll services and a proprietary Automated Teller Machine (ATM) network for their unbanked employees. Mint community members are issued a personalized, globally accepted, Mastercard or UnionPay card and a linked mobile wallet, where their salaries are deposited. This mobile wallet effectively becomes the employee’s bank account.Mint intends to offer a comprehensive suite of services through the mobile wallet, including remittance, overdraft, loans, mobile phone top-up, rewards, and insurance, among others. The mobile wallet enables unbanked employees to purchase services and spend through the wallet.Forward looking Statements
This news release contains forward-looking statements. Forward-looking information include statements with respect to developing intellectual property and applications leveraging blockchain technology with Mint’s existing FinTech platform and Mint’s intention to offer certain services. The forward-looking statements are based on certain expectations and assumptions made by Mint.  Although Mint believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because Mint can give no assurance that they will prove to be correct.  Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results could differ materially from those anticipated due to a number of factors and risks.  The use of blockchain technology by the Mint Group will require modifications to Mint Group’s existing technology platform.  Mint must obtain the expertise necessary for that purpose, modify its platform, complete testing and obtain regulatory approvals, prior to launching blockchain enabled services.   The offering of overdrafts and loans by Mint will require regulatory approval in the UAE, the participation of a UAE licensed financial institution and modifications to the Mint technology platform and procedures.  The forward-looking statements contained in this press release are made as of the date hereof.  The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.The Mint Corporation
Kym No
Email: [email protected]
Tel.  647-252-1664

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s,, Vice and He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.

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