Midpoint Announces Appointment of David Wong to Board of Directors

TORONTO, ONTARIO--(Marketwired - Jan. 7, 2015) - Midpoint Holdings Ltd. (the "Company") (TSX VENTURE:MPT) is pleased to announce the appointment of Mr. David Wong to its board of directors.

Mr. Wong is a Chartered Alternative Investment Analyst (CAIA), Chartered Market Technician (CMT), Chartered Manager and Fellow of the Chartered Management Institute. He holds a Bachelor's Degree in Engineering from the University of Liverpool and a Master's Degree with Distinction in Management from the University of Brighton. Mr. Wong is also a member of the Institute of Directors.

Mr. Wong is a London-based investor in disruptive technologies. He currently serves as Managing Director of Expadis Capital, a UK-based independent investment firm. Mr. Wong previously worked at Sovereign Capital Partners, a UK-based private equity investor in support services, healthcare and education sectors. Prior to becoming an investor, he co-founded a publicly traded digital media company. In addition to advising public companies and investment funds, Mr. Wong has extensive experience in cross-border transactions and helping businesses scale internationally.

The Company is also pleased to report solid quarter on quarter growth for the sixth straight quarter just ended December 31, 2014. Transaction numbers were up 23% and transaction volumes were up 31% from the previous quarter ended 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.