/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./
TORONTO, June 11, 2015 /CNW/ - Midpoint Holdings Ltd.
("Midpoint") (TSXV: MPT) (FSE:8MH), the world's first authentic
peer-to-peer ('P2P') international foreign currency and payments
platform, is pleased to announce that it has won the award for
"Best P2P Currency Matching Platform" at the 2015 Acquisition
International Business Excellence Awards.
The Midpoint platform provides its customers with access to
multi-party, multi-currency transactions and removes the impact of
currency rate spreads, as well as the hidden costs and fees imposed
by traditional banks and brokers, saving its customers money. The
Business Excellence Awards recognises the ingenuity and hard work
of the Midpoint team over the past 12 months and seeks to highlight
and celebrate the outstanding performance and results achieved by
some of the industry's leading lights in a competitive market.
John Booth, Chairman and CEO
of Midpoint, said: "This is our second award in three months
and one we are very proud to have won. As the first truly
authentic international peer-to-peer payments platform, winning
this award is very gratifying for us. There is growing
recognition, including from major organisations such as Goldman
Sachs, that international B2B payments represents a major market
opportunity for disruptive financial technology providers, so
having Midpoint's multi-party, multi-currency P2P matching platform
singled out as being at the forefront of the industry is very
important."
Speaking about the winners, Awards Coordinator, Nathan Angell, said: "Midpoint's success is
testament to the amazing work they put in to achieve great results
for their clients while really setting the standards for what can
be achieved in their sector."
Notes to Editors
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 17 countries with
the ability to collect and transfer across 69 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
(Toronto) and cross-listed on the
Frankfurt Stock Exchange.
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.
SOURCE Midpoint Holdings Ltd.
