Midastrade.com Inc.

Midastrade.com Inc.

November 16, 2007 09:30 ET

MidasTrade.com Retains Accounting Firm to Audit MidasTrade.com

BUENA PARK, CALIFORNIA--(Marketwire - Nov. 16, 2007) - MidasTrade.com Inc. (PINK SHEETS:MIDS) announces its selection of an accounting firm to complete an audit of MidasTrade.com, which will include its subsidiary Midas Securities, LLC, with the intention of becoming a reporting issuer in 2008. The Board of Directors and its management have approved the retainer agreement and its terms. The Company has elected to proceed with a preliminary target of completing a fiscal year end audit as of December 31, 2007 in early 2008. Upon completion of the audit, MidasTrade.com will begin the process of preparing the regulatory documentation required to have MidasTrade.com (MIDS) elevated to reporting issuer designation. The Board of Directors believes that this a necessary step in increasing the company's growth and the shareholders' confidence in MidasTrade.com and that all parties will benefit from this additional expenditure of corporate resources.

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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