Currency Exchange International, Corp. Announces Strategic Review of Exchange Bank of Canada

Strategic Review of Exchange Bank of Canada (EBC) - Currency Exchange International, Corp (CXI) has initiated a strategic review of its wholly-owned subsidiary, Exchange Bank of Canada (EBC), to explore options for maximizing long-term shareholder value and focusing resources on its profitable U S operations [1] - The review aims to enhance performance and improve the return on CXI's capital, with INFOR Financial Inc retained as the strategic advisor [2] - The Board of Directors and Management are evaluating the optimal path forward for CXI, emphasizing that there is no assurance the review will result in any specific transaction [3] Company Overview - CXI provides comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the U S and globally, including foreign currency exchange, wire transfer payments, Global EFTs, and foreign cheque clearing [3] - Wholesale customers are served through proprietary FX software applications, APIs, and personal relationship managers, while consumers are served through retail branches, agent branches, and an e-commerce platform [3] - EBC, based in Toronto, provides foreign exchange and international payment services in Canada and select international jurisdictions, utilizing proprietary software, APIs, and personal relationship managers [4] Contact Information - For further information, contact Bill Mitoulas, Investor Relations, at (416) 479-9547 or bill mitoulas@cxifx com, with additional details available on the company website, www cxifx com [5]