Midastrade.com Inc.
PINK SHEETS : MIDS

Midastrade.com Inc.

May 30, 2006 10:03 ET

MidasTrade Prepares for Futures Trading

BUENA PARK, CALIFORNIA--(CCNMatthews - May 30, 2006) - MidasTrade.com Inc. (PINK SHEETS:MIDS) announces that its subsidiary Midas Securities, LLC has moved its data center to InteleNet, a state-of-the-art data center located in Irvine, CA. This move is one of the steps MidasTrade is making to ensure they are prepared for the volume of trading anticipated when it launches its direct access for institutions trading full futures and commodities from Korea. Through the MidasTrade Global Direct Access Network (GDAN), Korean securities and futures firms will have direct access of futures and commodities including securities futures via Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, Comex, Eurex and London Metal Exchange. MidasTrade is currently working with Patsystems to complete the integration of the futures trading platform through the MidasTrade GDAN.

InteleNet's data center facility boasts fully redundant power with diesel generators for backup, diverse paths and providers for Internet access, and automated, reliable security services. This facility offers industry leading physical environment control features and has plenty of scalable space for future growth needs. InteleNet has a customer base of over 500, including a variety of major multi-national corporations.

Jay Lee, President and CEO of Midas Securities commented on the progress of this launch, "We are preparing for and anticipating the launch of our futures trading program will be a major event for Korean traders. Koreans are by far, the most active futures and options traders in the world and providing them with direct market access to the U.S. exchanges is going to be a significant addition to their market."

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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