World News: 23:06 GMT Wednesday 11th September 2019. [Currency Exchange International via Globe Newswire via SPi World News]
TORONTO, Sept. 11, 2019 (GLOBE NEWSWIRE) -- , is pleased to announce its financial results and present management's discussion and analysis ("") for the three-and nine-month periods ended July 31, 2019 (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
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.
The Company plans to host a conference call on . To participate in or listen to the call, please dial the appropriate number:
The Company is in the business of providing a range of foreign exchange technology and processing services in North America. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, 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, (“CEIFX”), and licensing retail foreign currency operations to select companies in agreed locations.
The Company’s wholly-owned Canadian subsidiary, Exchange Bank of Canada, based in Toronto, Canada, provides foreign exchange and international payment services to financial institutions and select corporate clients in Canada through the use of its proprietary software – .
Globe Newswire: 23:06 GMT Wednesday 11th September 2019
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