Sydney 03 May 2010: Mint Wireless Limited (ASX: MNW) (“Mint”) is pleased to announce the recent appointments of two key senior executives to its payment solutions divisions. Cameron Olsen has joined as its Chief Executive Officer - Payment solutions; and Melissa Law has been appointed to the role of Product and Marketing Director. These two strategic appointments are important steps in the company's objective of becoming a leading global payment solutions provider, specialising in mobile and retail payments.
Mr. Olsen has over ten years of payments and financial services experience, particularly in delivering ne payment products to existing and new markets. Mr. Olsen's strategic and technical expertise, combined with key contacts and general business and financial acumen is expected to provide Mint with the greatest opportunity of success both within and outside the Australian market.
Since 2005, Mr. Olsen held the position of Vice President, Business Development at Smart Technology Solutions (STS); a specialist payments software company based in the United Kingdom that is focused on delivering global EMV based solutions through industry partnerships. In that role, Mr. Olsen established and managed most if STS' commercial relationships including Motorola, Fujitsu and IBM; whilst opening nine new global markets for the company in Canada, Japan, Sweden, Finland, Estonia, France, Spain, Germany and New Zealand. During his tenure, Mr. Olsen successfully led a sales team that increased STS' revenue base by 400%. Prior to this, Mr. Olsen worked for the National Australia Bank in the Business/Commercial lending and Merchant Acquiring divisions.
Ms. Law is a highly experienced payments industry executive, particularly in the European market having worked for payments service provider Comms XL, a subsidiary of Transaction Network Services (TNS), one of the World's leading suppliers of electronic payment processing products. Ms. Law has a broad range of strategic, IT and payments expertise, and is particularly strong in the areas of marketing and product management. Prior to joining Mint, Ms. Law was the Marketing Manager at STS, where she was instrumental to successfully launching and Electronic Funds Transfer (EFT) software application in Europe, while working with leading Enterprise Mobility businesses like Motorola on their mobile point of sale (POS) and payment strategies for the United Kingdom. Ms. Law is at the forefront of the mobile POS sector and will be an invaluable asset to the company.
Mr. Olsen and Ms. Law will both be based in the United Kingdom, and will be charged with the responsibility of growing Mint's global payments business; with immediate attention on current business opportunities in Australia, Europe and Asia-Pacific. Mint will be incorporating subsidiary companies in the United Kingdom and Hong Kong to facilitate international opportunities. Mr. Andrew Teoh will be appointed a Director of each company and become a Non-Executive Director of Mint Wireless Limited.
Mint Wireless' Group CEO, Alex Teoh, said: "We are very excited that Cameron and Melissa have decided to join Mint. They are experienced senior managers in the global payments industry and their decision to join Mint is a testament to the company's technology and its opportunities around the world. Cameron's experience in growing payment businesses in a complex and evolving payments environment will be invaluable to our long term success."
Mr. Olsen commented " I see a huge opportunity for the growth of mobile payments globally, as both consumers and merchants demand more flexibility for the way they pay and accept payment for goods. I am excited about joining the team at Mint Wireless, as I believe that they are well positioned to take advantage of these global opportunities and together we can realise the massive potential, particularly in large growth markets like Asia." |
