Currency Exchange International Announces Financial Results for the Three and Nine Month Periods Ended July 31, 2015

September 9, 2015

Toronto, Canada – Currency Exchange International, Corp. (the “Company”) (TSX:CXI; OTCBB:CURN), is pleased to announce its financial  results  and  present management's discussion and analysis  ("MD&A")  for  the  three and  nine  month  periods  ended  July  31, 2015 (all figures are in U.S. dollars except where otherwise indicated). The complete financial statements and MD&A can be found on the Company's SEDAR profile at www.sedar.com.

Financial Highlights for the Three Month Period Ended July 31, 2015  Compared  to the Three Month Period Ended July 31, 2014:

• The Company opened branches in three locations at the Orlando Eye in Orlando, Florida, the Garden State Plaza in Paramus, New Jersey, and the Westfield Mission Valley Mall in San Diego, California bringing the total to 36 branch locations; and
• Net operating income decreased 21% to $2.2 million for  the three month period ended July 31, 2015 from $2.8 million for three month period ended July 31, 2014. The decline in operating income is due to slightly reduced revenues combined with  increased operating expenditures. The increase in operating expenditures is attributed to an increase in staffing costs in the U.S. and Canada to support the Company’s bank application as well as increased premises costs for new locations;
• Net income increased to $2.1 million for the three month period  ended  July 31, 2015 from $1.5 million for the three month period ended July 31 2014. The increase in net income was primarily due to a $1.0 million decrease in current income tax expense resulting from the exercise of 176,174 employee and director stock options in June 2015, offset by lower net operating income;
• Revenues decreased 2% to $6.7 million for  the  three  month period  ended  July  31, 2015 from $6.8 million for the three month period ended July 31, 2014. The decrease in revenue is attributable to the strengthening U.S. dollar and its negative impact on exchange volumes. During the three month period ended July 31, 2015, the number of transactions between the Company and its customers increased 12% from the same period of the previous year; however, the volume when translated into U.S. dollars actually decreased. On a year over year basis, the U.S. dollar has appreciated approximately 20% against the Company’s most commonly traded currencies;
• Since July 31 2014, the Company has added 55 new client relationships representing over 2,000 transacting locations, a 25% increase.

Financial Highlights for the Nine Month Period Ended  July  31,  2015  Compared  to the Nine Month Period Ended July 31, 2014:

• On March 12, 2015, the Company secured additional financing by the completion of a bought deal private placement offering by issuing 540,000 common shares at a price of $21.06 (Cdn$26.75) for aggregate gross proceeds of $11,371,104 (Cdn$14,445,000). The Company will utilize the proceeds to expand business opportunities in Canada and the United States; and
• Net operating income decreased 2% to  $4.8 million  for  the  nine month period  ended July 31, 2015 from $4.9 million for nine month period ended July 31 2014. The  decline in operating income is due to increased operating expenditures attributed to higher staffing costs in the U.S. and Canada, increased premises costs, and increased postage and shipping costs from increased transactional activity;
• Net income increased to $3.1 million for the nine month period  ended  July 31, 2015 from $2.4 million for the nine month period ended July 31, 2014 The increase in net income was primarily due to a $1.0 million decrease in current income tax expense resulting from the exercise of 176,174 employee and director stock options;
• Revenues increased 11% to $17.2 million for the nine  month period  ended  July 31, 2015 from $15.4 million for the nine month period ended July 31 2014. Revenues increased for the nine month period ended July 31, 2015 due to the addition of new branch and transacting locations. The nine month period ended July 31, 2015 includes nine months of revenue from customer trading relationships acquired from the U.S. Exchange House asset acquisition completed on March 28, 2014 compared to four months  of revenue for the nine months ended July 31, 2014;
• The Company opened branches in six locations at Union Square in New York, New York, in the Upper East Side in New York, New York, the Sunvalley Shopping Center in Concord, California, the Orlando Eye in Orlando, Florida, the Garden State Plaza in Paramus, New Jersey and the Westfield Mission Valley Mall in San Diego, California, bringing the total to 36 branch locations.

Selected Financial Data

*Excludes depreciation and amortization expense

Seasonality is reflected in the timing of when foreign  currencies  are in greater or  lower  demand. In a normal operating year there is seasonality to the Company's operations with higher revenues generated from March until September and lower revenues from October to February. This coincides with peak tourism seasons in North America when there are generally more travelers entering and leaving the United States and Canada.

Conference Call

The Company plans to host a conference call on September 10, 2015 at 3:00 PM (EST). To participate in or listen to the call, please dial the appropriate number:

• Toll Free: +1 (855) 336-7594
• Conference ID number: 24074502

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 traveler 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.

Contact Information

For further information please contact: Bill Mitoulas

Investor Relations (416) 479-9547

Email: [email protected] Website: www.ceifx.com