LONDON, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Midpoint Holdings Ltd. (TSXV:MPT) (“Midpoint” or the “Company”) is pleased to announce that Andrew Jones has been appointed as Chief Operating Officer (COO). Mr Jones joined the firm as Chief Technology Officer (CTO) approximately two months ago.
Mr Bradley Lemkus who was previously Operations Director for the Company’s UK subsidiary will now be responsible for business development and client relationships.
“In line with Midpoint’s strategy to focus on growth, we will continue to augment the management team as we increase headcount to support the Company’s operations,” said David Wong, Chairman and CEO. “We plan to extend operations and customer support to 24-hours and bring one of our regional offices online in the next 6-12 months,” Wong added.
About Midpoint
Headquartered in London, Midpoint is an FCA authorized payments institution with the world’s first authentic peer-to-peer (‘P2P’) foreign exchange marketplace. SMEs, overseas professionals, property owners, foreign students, individuals and anyone involved in international payments, use Midpoint’s US patent protected platform for transparent, multi-party, multi-currency services.
Midpoint is currently handling transactions in 23 currencies with the ability to collect and transfer across 72 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange.
For further information, please contact:
| Corbin Comishin, Chief Financial Officer Midpoint Holdings Ltd. Tel: (250) 352-7667 | David Wong 26 Finsbury Square EC2A 1DS London, United Kingdom Tel: +44 20 7448 3080 |
Neither the TSX Venture Exchange (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 news release.
Forward-looking information
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.
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