Mint's 'Park and Pay' by Cell Phone Launches in Coral Gables

Available at all 4900 on-street and off-street parking spaces throughout the City of Coral Gables, residents and visitors alike are now being offered the convenience of paying for parking using their existing cell phones. Simply by registering online or by phone, PayMint allows the customer to dial a PayMint phone number found on customized decals on the cities meters, and purchase parking time without having to leave their vehicle. Parking enforcement officers in Coral Gables are equipped with handheld wireless devices and log into the PayMint system in order to verify PayMint users have parked. To further benefit the customer, PayMint will automatically send a text message reminder to the user's cell phone to log out at preset time increments.

"We are excited to be the first city in the United States to offer wireless parking and are confident that it will be quickly adopted. By simply using your cell phone, parking in Coral Gables is now easy and hassle-free; no more searching for correct change, guessing how much time is necessary and running back and forth to plug change into a meter between meetings or errands," commented David L. Brown, Coral Gables City Manager.

The Coral Gables rollout is PayMint's first deployment in the United States. Mint's wireless parking platform is running in large Canadian cities including Toronto, Vancouver and Victoria with additional rollouts scheduled for selected cities in Canada and the US.

"Coral Gables is a significant step for us in our wireless payment technology implementation, it represents our expansion into the US and it also marks the first on-street deployment anywhere," said Frank Maduri, President, Mint Inc.

About Mint Technology Corp.

Mint is a leading payment solutions company that develops and markets new types of electronic payment applications in the financial sector. Through its' innovative payment platform, Mint facilitates and deploys prepaid MasterCard(r) cards with unique features such as co-branding and top-up capabilities, Municipal Parking cards and new wireless payment alternatives such as; MasterCard cards with PayPass(tm) functionality and cellphone based Parking. The company is headquartered in Toronto, Ontario. To find out more about Mint Technology Corp. (TSX-V: MIT), visit our website at www.mintinc.com.