Business
Midpoint Announces Co-founder and CEO Stepping Down and Appointment of Officers
Midpoint Announces Co-founder and CEO Stepping Down and Appointment of Officers Mi...
About this update from Blockmate Ventures Inc
[{"type":"text","content":"\n\n\n\nMidpoint Announces Co-founder and CEO Stepping Down and Appointment of Officers\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMidpoint Announces Co-founder and CEO Stepping Down and Appointment of Officers\nCanada NewsWire\nTORONTO, Nov. 27, 2015\n\n\n\n/Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws./\n\n\n\nTORONTO, Nov. 27, 2015 /CNW/ - Midpoint Holdings Ltd. (the \"Company\") (TSXV: MPT) announces that its board of directors has accepted the resignation of John G. Booth as Chief Executive Officer and Chairman. John has decided to step down from the day to day running of the company, however, he will remain a director.\n\nAs the co-founder, John has been instrumental in conceiving the peer to peer FX marketplace concept. John secured early rounds of investments that has been central to the Midpoint opportunity this far and has led the intellectual property and the licensing and white labelling strategy as well as key projects to integrate with multiple payment providers, the sourcing of various distribution partners and liquidity providers. \n\nUnder his leadership, the business achieved important milestones including a move to London and several rounds of investments through private placements before finally negotiating its going public transaction via a reverse take-over of a Canadian listed capital pool company and four subsequent rounds of investment. The business has achieved a 31% compounded monthly growth rate since its listing 9 quarters ago and now claims a repeat user rate of 93%.\n\nThe board is pleased to issue the following statement:\n\n\"It has been a great journey to bring the Midpoint opportunity this far and John can take significant credit for building the Company into the international brand it is today and the Board would like to thank him. We are sorry that John has decided to stand down from his roles. We understand and respect his wish to spend more time with his family. John's tenacity and vis...