ORLANDO, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (CXI) (TSX:CXI) (OTCBB:CURN), a full service foreign exchange technology and services provider, today announced that President and CEO Randolph Wolfgang Pinna will be a participating speaker at The Americas Cash Cycle & Payments Seminar 2023 in Orlando, Florida on November 30, 2023. The speaking event will begin at 9:00 a.m. Eastern Time and will address Foreign Currency Exchange Landscape & Trends. The seminar will be held at the Four Seasons Resort Orlando at Walt Disney World® Resort in Orlando, Florida.
During the speaking event, Randolph W. Pinna will share his banknotes perspective coupled with future currency exchange trends and international payments. His presentation will help audiences harness the opportunity inherent in future trends.
Mr. Pinna has more than 30 years of experience in international banking with an emphasis on foreign exchange. As the largest non-bank foreign currency processor in North America, CXI is a leading authority for helping financial institutions and corporate entities adapt to the rapid pace of foreign currency exchange, international payments, and FX and Domestic payment technology. Mr. Pinna is also the President and CEO of Exchange Bank of Canada, CXI’s wholly owned subsidiary based in Canada.
The Americas Cash Cycle and Payments Seminar, presented by Currency Research, offers insights and strategies to help organizations learn of valuable solutions and best practices shared by peers, many focusing on reducing the cost of cash within the commercial organizations’ cash cycle. It is attended by representatives of central banks, commercial banks, cash management companies and technology partners. Additional information is available at https://currencyresearch.com.
About Currency Exchange International, Corp.
Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (“CXIFX”), its related APIs with core banking platforms, and through personal relationship managers. Consumers are served through Group-owned retail branches, agent retail branches, and its e-commerce platform, order.ceifx.com (“OnlineFX”).
The Group’s wholly-owned Canadian subsidiary, Exchange Bank of Canada, based in Toronto, Canada, provides foreign exchange and international payment services in Canada and select international foreign jurisdictions. Customers are served through the use of its proprietary software, www.ebcfx.com (“EBCFX”), related APIs to core banking platforms, and personal relationship managers.
About Currency Research
Through its close relationships with central banks, regulators, payment operators, printworks, and other companies that are part of the cash and payments industry, Currency Research (CR) is the leading global provider of premium conferences for this audience. Currency Research (CR) aims to play an important role in enabling thought leadership in an industry that is seeing an unprecedented pace of change.
Contact Information
For further information please contact:
Bill Mitoulas
Investor Relations
(416) 479-9547
Email: bill.mitoulas@cxifx.com
Website: www.cxifx.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, demand and market outlook for wholesale and retail foreign currency exchange products and services, future growth, the timing and scale of future business plans, results of operations, performance, and business prospects and opportunities. Forward-looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “preliminary”, “project”, “will”, “would”, and similar terms and phrases, including references to assumptions.
Forward-looking information is based on the opinions and estimates of management at the date such information is provided, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties and assumptions that could cause the Company’s actual results, performance, or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, the competitive nature of the foreign exchange industry, the impact of COVID-19 or the evolving situation in Ukraine on factors relevant to the Company’s business, currency exchange risks, the need for the Company to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Company’s proprietary rights, the effect of government regulation and compliance on the Company and the industry in which it operates, network security risks, the ability of the Company to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel, global economic deterioration negatively impacting tourism, volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital as well as the factors identified throughout this press release and in the section entitled “Risks and Uncertainties” of the Company’s Management’s Discussion and Analysis for the three and nine-months ended July 31, 2023. The forward-looking information contained in this press release represents management’s expectations as of the date hereof (or as of the date such information is otherwise stated to be presented) and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release.
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