Mr. David Wong reports

MIDPOINT ANNOUNCES 40% VOLUME GROWTH AND QUARTERLY RESULTS

Midpoint Holdings Ltd. has released interim financial results for its quarter ended Dec. 31, 2017.

For the three months ended Dec. 31, 2017, revenue increased 34 per cent as compared with the three months ended Dec. 31, 2016, to $122,639 with the following business highlights:

• Volume grew 40 per cent quarter on quarter;
• Record KPIs (key performance indicators), including highest monthly (December) and quarterly volume and revenue;
• Average transaction size rose significantly to $65,000;
• Largest single transaction of over $10-million;
• Gross margin of 66 per cent;
• Raised $1.2-million through a non-brokered private placement;
• Granted a Hong Kong money service operator licence by the local regulator;
• Won outstanding money transfer platform award at Fintech Awards 2017;
• Basic and diluted loss per share of 0.09 cent.

As of this writing, over $350-million has been matched on the Midpoint platform since inception in 2013, and over $100-million was matched in the last six months. In January, 2018, the company also launched a partnership with Avios, where Midpoint clients can collect one Avios point for every 10 pounds sterling they transact on the Midpoint platform. Avios is the loyalty and rewards program for British Airways, Aer Lingus, Iberia, Meridiana and numerous other airlines. The company also appointed Andrew Jones as chief operating officer. Mr. Jones joined the company as chief technology officer approximately two months ago.

The full text of Midpoint's financial statements for the quarter ended Dec. 31, 2017, and the related management's discussion and analysis are available electronically on Midpoint's profile on SEDAR.

About Midpoint Holdings Ltd.

Headquartered in London, Midpoint is an FCA-(Financial Conduct Authority)-authorized payment institution with the world's first authentic peer-to-peer foreign exchange marketplace. SMEs (small- and medium-sized enterprises), overseas professionals, property owners, foreign students, individuals and anyone involved in international payments use Midpoint's U.S. patent-protected platform for transparent, multiparty, multicurrency 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 foreign exchange at the midpoint of the interbank buy/sell rate, therefore removing the spread, as well as hidden costs and fees.

We seek Safe Harbor.