Midastrade.com Inc.

Midastrade.com Inc.

June 04, 2007 13:22 ET

MidasTrade Announces Agreement With Woori Futures

BUENA PARK, CALIFORNIA--(Marketwire - June 4, 2007) - MidasTrade.com Inc. (PINK SHEETS:MIDS) is pleased to announce that the company's wholly owned subsidiary, Midas Securities has entered into an Execution and Service Bureau Correspondent agreement with Woori Futures. Woori Futures is a wholly owned subsidiary of Woori Financial Holdings Co. (NYSE:WF). Under the agreement, Midas Securities will provide Woori Futures with trade execution and market data services for U.S. and European futures and commodities markets. Woori Futures and their customers will have Direct Market Access (DMA) to the U.S. markets (CME, CBOT, CBOE, COMEX, NYMEX, NYBOT) and global markets (LME, EUREX, SGX, and Tokyo Exchange) via the Midas Trade GDAN. In addition, Woori Futures will provide clearing and settlement for KOSPI options and futures trades for U.S. investors utilizing the Midas Trade GDAN.

MidasTrade President, Jay Lee stated, "We are honored to have been selected by one of the premier financial institutions in Korea to provide access to futures and options for Korean investors. Korean investors will access U.S. and European futures and options markets via MidasTrade GDAN. This is a historic achievement for Midas Trade and we are looking forward to a long and rewarding relationship with Woori Futures. "

About Woori Futures

Since its founding in 1992, Woori Futures, formally LG Futures Co., Ltd, has evolved into a full service futures & commodities brokerage firm providing a wide range of financial services for both domestic and international clients, a wholly owned subsidiary of Woori Finance Holdings Co. (NYSE:WF). Woori Financial Holdings is the second largest financial services company in Korea with more than 20 million customers and 20,000 employees.

About MidasTrade.com Inc.

MidasTrade is a U.S. based company committed to the deployment of the Midas Global Direct Access Network (GDAN) that allows investors to trade securities, options and futures in real time via their online trading account through the MidasTrade network of participating exchanges, all over the world. The MidasTrade GDAN is designed to provide investors with immediate execution and confirmation of their securities trade with minimal surcharges and commissions. The company successfully launched MidasTrade GDAN in South Korea and the U.S. in March 2002 and is expanding to Canada, Hong Kong and Europe. Additional information is available at www.midastrade.com.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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