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Currency Exchange Announces Voting Results From Annual General Meeting and the Election of Bryan Osmar to the Board of Directors

TORONTO, March 10, 2016 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. (the “Company”) (TSX:CXI) (OTC Pink:CURN) is pleased to announce the detailed voting results for the election of its Board of Directors, which took place at the Company’s Annual General Meeting held on March 9, 2016 (the “Meeting”). The nominees listed in the management information circular dated January 22, 2016 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below:

NomineeVotes For%Withheld%
Randolph W. Pinna3,521,59199.951,8930.05
Joseph August3,521,59199.951,8930.05
Chirag Bhavsar3,521,59199.951,8930.05
Mark Mickleborough3,523,424100600
Linda A. Stromme3,521,59199.951,8930.05
V. James Sardo3,521,59199.951,8930.05
James D.A. White3,523,424100600
Bryan Osmar3,523,424100600

The Company is also pleased to announce that at the Meeting, Mr. Bryan Osmar was elected as the Company’s newest director. Mr. Osmar is an accomplished banking executive experienced in financial markets, including trading oversight, risk management and financial market structures. Mr. Osmar recently retired from the position of Managing Director and Head Market Infrastructure at Royal Bank of Canada, and from the board of CLX Group Holdings AG and CLS Bank International. The CLS group of companies is an industry-owned consortium which provides settlement services to the market. Randolph Pinna, Chairman of the Board commented that, “We are extremely pleased to have Bryan join our Board, bringing his extensive financial markets and payments expertise.”

About Currency Exchange International, Corp.

The Company is in the business of providing a range of foreign currency exchange and related products and services in North America, including the Hawaiian Islands. Primary products and services include the exchange of foreign currencies, wire transfer payments, purchase and sale of foreign bank drafts and international travelers’ cheques, and foreign cheque clearing. Related services include the licensing of proprietary FX software applications delivered on its web-based interface, www.ceifx.com (“CEIFX”), and licensing retail foreign currency operations to select companies in agreed locations.

The Company’s services are provided in Canada by its wholly-owned Canadian subsidiary, Currency Exchange International of Canada Corp., based in Toronto, Canada through the use of its proprietary software www.ceifx.ca.


For further information please contact: Bill Mitoulas Investor Relations (416) 479-9547 Email: bill.mitoulas@ceifx.com Website: www.ceifx.com

Source:Currency Exchange International