Midpoint Holdings Ltd.
TSX VENTURE : MPT

Midpoint Holdings Ltd.

October 20, 2014 09:59 ET

Midpoint Adds Three New Currencies to Its Payments Platform

United Arab Emirates Dirham (AED), Hong Kong Dollar (HKD) and Polish Zloty (PLN) Added to Midpoint's Growing Currency List

TORONTO, ONTARIO--(Marketwired - Oct. 20, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Midpoint Holdings Ltd. ("Midpoint") (TSX VENTURE:MPT) is pleased to announce it has added three new currencies to its patented payments platform. Midpoint, which operates the world's first true peer to peer foreign currency payments service, has added United Arab Emirates Dirham (AED), Hong Kong Dollar (HKD) and Polish Zloty (PLN) to its matching (netting) platform. It currently offers the service in: Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Danish Krone (DKK), Norwegian Krone (NOK), Swedish Krona (SEK) Australian Dollar (AUD) and New Zealand Dollar (NZD).

John Booth, Chairman & CEO of Midpoint, said, "The Middle East and Asia are both huge markets where Midpoint can offer true value to users. We are excited about offering peer-to-peer transactions that will provide cheaper, transparent cross border payments to millions more people. These new currency additions will both help expand use among our existing customers whilst opening up the platform to a whole new customer base. We continue to look at new geographies and plan to launch more currencies soon."

Following continued triple digit transaction growth quarter on quarter since inception, Midpoint reported over 176% growth in transactions from June 30, 2014 to end of Q1 just finished (September 30, 2014).

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this press release.

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.

Contact Information

  • Midpoint Holdings Ltd.
    John G. Booth
    Chairman & CEO
    +44 (020) 220 6382

    Midpoint Holdings Ltd.
    Marc Henderson
    Director
    +1 (416) 214 9910