Midpoint Adds Two New Currencies to Its Payments Platform
03 Junho 2014 - 11:02AM
Marketwired Canada
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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.
Midpoint Holdings Ltd. ("Midpoint") (TSX VENTURE:MPT) is pleased to announce
that its wholly-owned operating subsidiary, Midpoint & Transfer Ltd., based in
the United Kingdom has added two new currencies. Midpoint, which operates the
world's first true peer to peer foreign currency payments service, has added the
Australian Dollar and New Zealand Dollar to its matching (netting) platform. It
currently offers the service in: Canadian Dollar (CAD), US Dollar (USD), Euro
(EUR), British Pound (GBP), Swiss Franc (CHF), Danish Krone (DKK), Norwegian
Krone (NOK) and Swedish Krona (SEK).
John Booth, Chairman & CEO of Midpoint, said, "Following the launch of the
Scandinavian currencies in May, we are pleased to add the Australian and New
Zealand Dollar currencies to our platform. These new currencies further help
bolster the Midpoint offering with our first launch in the southern hemisphere.
Australia and New Zealand are key to Midpoint's expansion and now these markets
will help provide cheaper and transparent cross border payments to millions more
people. We are constantly looking at new geographies and will launch additional
currencies soon."
Following over 300% growth in transaction volume in Q3 ended March 31 2014,
Midpoint reported a further 24% increase in monthly trades in May.
Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release and has neither approved nor disapproved of the contents of this
press release.
This news release contains certain "forward-looking information" within the
meaning of applicable securities law. Forward looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "would", "potential", "proposed" and
other similar words, or statements that certain events or conditions "may" or
"will" occur. These statements are only predictions. Forward-looking information
is based on the opinions and estimates of management at the date the information
is provided, and is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. For a description of the
risks and uncertainties facing Midpoint and its business and affairs, readers
should refer to Midpoint's Management's Discussion and Analysis. Midpoint
undertakes no obligation to update forward-looking information if circumstances
or management's estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Midpoint Holdings Ltd.
The Exchange Tower
130 King Street West, Suite 3680
Toronto, ON M5X 1B1
John G. Booth
Chairman & CEO
+44 (020) 220 6382
Marc Henderson
Director
+1 (416) 214 9910
Midpoint (TSXV:MPT)
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