Midpoint Launches Xero Integration

Full integration between Midpoint and Xero's cloud-based accounting software serving 500,000+ small businesses globally

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TORONTO, July 6, 2015 /CNW/ - Midpoint Holdings Ltd. ("Midpoint") (TSXV: MPT) (FSE:8MH) is pleased to announce  that it has completed an integration with Xero, the leader in online accounting software. Based purely in the cloud, it provides business owners with real-time visibility of their financial position in a way that's simple, smart and secure.

This means that Midpoint and the 500,000 + Xero users around the world can save time and money using the integrated service and represents a key business to business to consumer channel initiative for Midpoint.

John Booth, Chairman & CEO of Midpoint, said:

"Xero has developed a phenomenal following and user base, particularly among our target SME market, so the opportunity to integrate was one we have been keen to pursue and we look forward to the opportunity to help the growing Xero install base make more cost effective international cross currency payments.  We are proud to be joining the growing and vibrant Xero community."

Gary Turner, MD of Xero, said:  "This partnership is great for many of our small business customers  dealing with international payments around the globe. These businesses can now seamlessly use the Midpoint platform to avoid paying banks and brokers those hidden fees."

About Xero
Xero is beautiful, easy-to-use online accounting software for small businesses and their advisors. The company has 500,000 subscribers in more than 180 countries. Xero seamlessly integrates with over 400 third-party tools, and was ranked No. 1 by Forbes as the World's Most Innovative Growth Company in 2014 and 2015.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this press release.

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint's Management's Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE Midpoint Holdings Ltd.

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