Currency Exchange International to Report First Quarter 2022 Results and Host Earnings Conference Call on March 17, 2022 at 8:30 AM EDT

Additionally, CXI’s 2022 Annual General and Special Meeting of Shareholders is to be held virtually at 12:00 p.m. (EDT) on March 17, 2022

March 9, 2022

Toronto, Canada – Currency Exchange International, Corp. (the “Company”) (TSX: CXI; OTCBB: CURN), announces it will report its financial results for the First Quarter of 2022 pre-market open on Wednesday, March 16, 2022 at 7:30 a.m. (EDT). The Company will host an earnings conference call with management on Thursday, March 17, 2022 at 8:30 a.m. (EDT), in which they will discuss these recent financial and operational results. Additionally, management and the board of directors will also host CXI’s 2022 Annual General and Special Meeting of Shareholders, to be held virtually at 12:00 p.m. (EDT) on March 17, 2022.

CXI Financial Reporting and Conference Call Details
Financial Results Release:
The Company will release its financial results for the First Quarter of 2022 at 7:30 a.m. (EDT) on Wednesday March 16, 2022.

Earnings Conference Call Details
The Company plans to host a conference call at 8:30 a.m. (EDT) on Thursday March 17, 2022. To participate in or listen to the call, please dial the appropriate number:

• Toll Free: 1 (855) 336-7594
• Conference ID number: 8384223

For those unavailable to participate, a recorded copy of the conference call will be available on the company website.

Annual and Special Meeting of Shareholders
Investors and interested parties are invited to attend CXI’s 2022 Annual General and Special Meeting of Shareholders.

AGM Date and Time:
Thursday, March 17, 2022, 12:00 p.m. EDT

How to Attend:
The 2022 CXI annual meeting will be held virtually again this year. You can participate in the Virtual meeting by logging on to the webinar: https://www.meetview.com/cxi20220317nv/

To attend, vote and submit questions during the meeting, enter your control number found on your Proxy card or Voting Instruction form. If you do not have a control number, you may still attend the meeting as a guest, but you will not be able to vote.

How to Vote:
Shareholders are encouraged to vote before the meeting prior to the Proxy deadline of 12:00 p.m. Eastern time on March 15, 2022, or they may vote at the meeting.

Online before the meeting:
Go to website www.investorvote.com

Online during the meeting:
Go to website https://www.meetview.com/cxi20220317nv/

By mail before the meeting:
Complete, sign, date, and return your proxy card in the envelope provided

By phone before the meeting:
1(866) 732-VOTE (8683) Toll-Free North America

By phone during the meeting:
1(888) 396-8049 Toll-Free North America

Have any questions?
Questions can be emailed directly to [email protected], or you can contact our transfer agent, Computershare Trust Company of Canada, by phone at one of the numbers below:

• General Questions about the meeting or to obtain your control number to vote: 1 (800) 564-6253 (toll-free in Canada and the United States)
• Registered holders looking to obtain their fulfilment number or receive copies of materials: 1 (866) 962-0498 (within North America) 1 (514) 982-8716 (outside North America)

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 Company-owned retail branches, agent retail branches, and its e-commerce platform order.ceifx.com (“OnlineFX”).

The Company’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. 

Contact Information

For further information please contact:
Bill Mitoulas
Investor Relations
(416) 479-9547
Email: [email protected]
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, proposed entry into the Canadian financial services industry, 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 coronavirus 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 Year Ended October 31, 2021. 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.