Midastrade.com Inc.
PINK SHEETS : MIDS

Midastrade.com Inc.

November 15, 2007 19:03 ET

MidasTrade.com Restructuring of Management and Board of Directors

BUENA PARK, CALIFORNIA--(Marketwire - Nov. 15, 2007) - MidasTrade.com Inc. (PINK SHEETS:MIDS) announces that its Board of Directors and management will be restructured to allow Jay Lee and Robert Wilson to focus their full attention on expanding Asian services. Stepping down from the MidasTrade.com position of CEO-President, Jay Lee and CFO Robert Wilson will focus fully on the implementation of new systems and networks for Midas Securities LLC, which will offer Equities, Futures, and associated market data to North American financial institutions and individuals with DMA (direct market access) to Korean, Hong Kong and Chinese Markets. Included in the services will be back office, clearing and foreign custody solutions. Brad Eckenweiler will resume his previous position of CEO-President until the new management team has been completed.

Jay Lee and Robert Wilson will continue in their current roles with Midas Securities LLC. Jay Lee, President-CEO of Midas Securities LLC. commented: "We are very excited about the additional time and resources that we will have available to dedicate to Midas Securities LLC. and to the furtherance of expanding the GDAN one-stop solution for cross boarder trading of Equities, Futures and Commodities."

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 and trade with minimal surcharges and commissions. The company successfully launched MidasTrade GDAN in South Korea and the U.S. in April 2002.

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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