TORONTO, ONTARIO--(Marketwired - May 20, 2014) -
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Midpoint Holdings Ltd. ("Midpoint") (TSX VENTURE:MPT) is pleased to announce that its wholly-owned operating subsidiary, Midpoint & Transfer Ltd., based in the United Kingdom has added three new currencies. Midpoint, which operates the world's first true peer to peer foreign currency payments service, has added the Danish Krone, Norwegian Krone and Swedish Krona to its matching (netting) platform. It currently offers the service in CAD, USD, EURO, British Pound and Swiss Franc.
John Booth, Chairman & CEO of Midpoint, said, "We are delighted to add the new currencies to our platform. The addition of the Scandinavian currencies helps increase our geographical reach within the Eurozone whilst facilitating cheaper cross border payments to millions more people."
Midpoint reported over 300% growth in transaction volume in Q3 ended March 31, over Q2 which in turn had a similar growth over Q1.
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This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint's Management's Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.