Currency Exchange International Announces Financial Results for the Three Months and Year Ended October 31, 2015

TORONTO, ONTARIO--(Marketwired - Jan. 12, 2016) - Currency Exchange International, Corp. (the "Company") (TSX:CXI)(OTCBB:CURN) is pleased to announce its financial results and present management's discussion and analysis ("MD&A") for the three months and year ended October 31, 2015 (all figures are in U.S. dollars except where otherwise indicated). The complete financial statements and MD&A can be found on the Company's SEDAR profile at www.sedar.com.

Financial Highlights for the Year Ended October 31, 2015 compared to the Year ended October 31, 2014:

• Net income increased to $3.6 million for the year ended October 31, 2015 from $3.4 million for the year ended October 31, 2014. The increase in net income was primarily due to a net $0.7 million decrease in income tax expense resulting from the exercise of employee and director stock options offset by a one-time tax increase resulting from the movement of capital from the Canadian subsidiary to the parent company in combination with an increase in depreciation and amortization of $0.4 million;
• Net operating income decreased 1% to $7.1 million for the year ended October 31, 2015 from $7.2 million for the prior year. The decline in net operating income is due to increased revenues offset with increased operating expenditures. The increase in operating expenditures is attributed to an increase in staffing costs in the U.S. and Canada to support the Company's bank application, increased shipping costs from more transactional activity, increased premises costs for new locations and continued impact of the strengthening US dollar;
• Revenues increased 9 % to $24.1 million for the year ended October 31, 2015 from $22.0 million for the year ended October 31, 2014. The increase in revenue is attributable to an increase in the number of customer transactions resulting from the addition of new branches and transacting locations since October 31, 2014. Transactions between the between the Company and its customers increased 14% compared to the previous year; however, the strengthening U.S. dollar has negatively impacted the growth rate of revenue. On a year over year basis, the U.S. dollar has appreciated approximately 17% against the Company's most commonly traded currencies;
• During the year the Company opened 4 new branches as follows: the Orlando Eye in Orlando, Florida, the Garden State Plaza in Paramus, New Jersey, the Sunvalley Shopping Center in Concord, CA, and the Westfield Mission Valley Mall in San Diego, California bringing the Company's total branch network to 36 locations; and
• Since October 31, 2014, the Company has added 52 new client relationships representing over 1,800 new transacting locations, a 19% increase.

Financial Highlights for the Three Months Ended October 31, 2015 Compared to the Three Month Period Ended October 31, 2014:

• Net income decreased to $0.5 million for the three month period ended October 31, 2015 from $1.0 million for the three month period ended October 31, 2014. The decrease in net income was primarily due to a one-time $0.6 million increase in income tax expense resulting from the movement of capital from the Canadian subsidiary to the parent company;
• Net operating income increased 2% to $2.3 million for the three month period ended October 31, 2015 compared to the same period in the prior year. The increase in operating income is due to increased revenues offset by higher operating expenditures; and
• Revenues increased 5 % to $6.9 million for the three month period ended October 31, 2015 from $6.6 million compared to the same period in the prior year. The increase in revenue is attributable to an increase in the number of customer transactions resulting from the addition of new branches and transacting locations since October 31, 2014. Transactions between the between the Company and its customers increased 8% compared to the same period of the previous year; however, the strengthening U.S. dollar has negatively impacted the growth rate of revenue. On a year over year basis, the U.S. dollar has appreciated approximately 13% against the Company's most commonly traded currencies.

Selected Financial Data

Three- months ending	Revenue	Net operating income*	Net income	Total assets	Total equity	Earnings per share (diluted)
	$	$	$	$	$	$
31-Oct-15	6,882,336	2,330,425	505,780	52,241,996	47,436,566	0.08
31-Jul-15	6,688,467	2,231,642	2,087,038	50,835,334	46,922,010	0.33
30-Apr-15	5,311,102	1,333,013	661,818	49,633,902	44,582,384	0.11
31-Jan-15	5,193,869	1,242,367	353,574	38,859,547	32,456,426	0.06
31-Oct-14	6,552,184	2,279,682	1,045,192	39,709,302	33,025,175	0.19
31-Jul-14	6,839,330	2,830,097	1,456,004	42,044,018	32,185,439	0.26
30-Apr-14	4,487,432	1,109,212	466,774	37,244,354	30,586,996	0.09
31-Jan-14	4,127,007	970,779	451,156	32,844,973	29,835,415	0.08

*Excludes depreciation and amortization expense

Seasonality is reflected in the timing of when foreign currencies are in greater or lower demand. In a normal operating year there is seasonality to the Company's operations with higher revenues generated from March until September and lower revenues from October to February. This coincides with peak tourism seasons in North America when there are generally more travelers entering and leaving the United States and Canada.

Conference Call

The Company plans to host a conference call on January 13, 2016 at 2:00 PM (EST). To participate in or listen to the call, please dial the appropriate number:

• Toll Free: +1 (855) 336-7594
• Conference ID number: 19464972

About Currency Exchange International, Corp.

The Company is in the business of providing a range of foreign currency exchange and related products and services in North America, including the Hawaiian Islands. Primary products and services include the exchange of foreign currencies, wire transfer payments, purchase and sale of foreign bank drafts and international traveler cheques, and foreign cheque clearing. Related services include the licensing of proprietary FX software applications delivered on its web-based interface, www.ceifx.com ("CEIFX"), and licensing retail foreign currency operations to select companies in agreed locations.

The Company's services are provided in Canada by its wholly-owned Canadian subsidiary, Currency Exchange International of Canada Corp., based in Toronto, Canada through the use of its proprietary software www.ceifx.ca.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts and statements as to management's expectations with respect to, among other things, demand and market outlook for wholesale and retail foreign currency exchange products and services, proposed entry into the Canadian financial services industry, future growth, the timing and scale of future business plans, results of operations, performance, and business prospects and opportunities. Forward-looking statements are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "preliminary", "project", "will", "would", and similar terms and phrases, including references to assumptions.

Forward-looking information is based on the opinions and estimates of management at the date such information is provided, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties and assumptions that could cause the Company's actual results, performance or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, the competitive nature of the foreign exchange industry, currency exchange risks, the need for the Company to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Company's proprietary rights, the effect of government regulation and compliance on the Company and the industry in which it operates, network security risks, the ability of the Company to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel, global economic deterioration negatively impacting tourism, volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital, and the regulatory approval process for a new Canadian Schedule I bank, as well as the factors identified throughout this press release and in the section entitled "Risks and Uncertainties" of the Company's Management's Discussion and Analysis for Year Ended October 31, 2015. The forward- looking information contained in this press release represents management's expectations as of the date hereof (or as of the date such information is otherwise stated to be presented), and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release.