CXI Expands Executive Team, Appoints Senior Vice President of Sales and Marketing

TORONTO, ONTARIO--(Marketwired - Dec. 16, 2015) - Currency Exchange International, Corp. (TSX:CXI)(OTCBB:CURN), a North American provider of foreign exchange, foreign cheque clearing and international payments is pleased to announce that industry veteran, Bob Dowd has joined CXI as Senior Vice President, Sales and Marketing. As a key member of the executive leadership team at CXI, Mr. Dowd has responsibility for implementing the company's sales growth strategy and developing strategic initiatives to further position CXI as a leading organization within a highly competitive industry.

"Someone of Bob's caliber is a natural fit for our executive team," said Randolph Pinna, President and CEO of CXI. "With an impressive list of accomplishments with top international payment providers and an outstanding reputation for collaboration and vision, Bob will be central to our strategy as we look at new growth opportunities."

Mr. Dowd's career spans three decades, during which he has held a number of senior management roles at multi-national firms within the international payments industry. Bob has extensive experience spearheading strategic partnerships and leading industry segmented businesses, including financial institutions, universities, travel, eCommerce and law firms. In his previous roles, Bob was instrumental in implementing a vertical approach to the business, supported by widespread territory and market segmentation.

"I'm very excited to be part of such a passionate executive team and look forward to contributing towards CXI's success," Dowd said, "as well as leading the organization to a new level of sales performance that ultimately positions CXI for future growth."

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.