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Luke Weil Appointed New Chief Executive Officer Of Andina Acquisition Corporation

    Luke Weil Appointed New Chief Executive Officer Of Andina Acquisition
                                 Corporation

Weil currently serves as vice president, international business development
for Scientific Games Corporation, a supplier of technology-based products,
systems and services to gaming markets worldwide.

PR Newswire

BOGOTA, Colombia, Jan. 31, 2013

BOGOTA, Colombia, Jan.31, 2013 /PRNewswire/ --Andina Acquisition Corporation
(Nasdaq: ANDAU) (the "Company") announced today that its Board of Directors
has appointed Luke Weil as the Company's new Chief Executive Officer. Luke
Weil will replace Eduardo Robayo as Chief Executive Officer, who is resigning
from his position due to his other business responsibilities.

Luke Weil served as a member of the Company's Board of Directors from
September 2011 until March 2012. Since 2008, Mr. Weil has served first as
director, then vice president, of international business development for
Scientific Games Corporation, a supplier of technology-based products, systems
and services to gaming markets worldwide, where he focused on Latin America.

"Regrettably, my other business responsibilities now preclude my continuing to
serve as Andina's Chief Executive Officer, but I am pleased to remain on
Andina's board," said Eduardo Robayo. "My fellow board members and I are
fortunate that Luke was available take over my responsibilities, and we
believe he is well qualified to assist us in consummating an attractive
business combination," Robayo added.

"It is an honor to be named CEO of Andina Acquisition Corporation. I believe
Latin America, particularly the Andean region, is a hotbed for growth
opportunities right now, and I look forward to exploring and expanding
business opportunities for Andina," remarked Luke Weil on his recent
appointment.

From January 2004 to January 2006, Weil served as an associate at Business
Strategies & Insight, a public affairs and business consulting firm. Weil
currently sits on the Board of Directors of SkuRun, RUNA, and several early
stage companies.

The Company has filed a Current Report on Form 8-K with the Securities and
Exchange Commission relating to Mr. Weil's appointment.

About Andina Acquisition Corporation
Andina Acquisition Corporation is a blank check company organized for the
purpose of effecting a merger, capital stock exchange, asset acquisition or
other similar business combination with one or more businesses or entities.
The Company's efforts to identify a prospective target business are not
limited to any particular industry or geographic region, although the Company
is focusing its search for target businesses in the Andean region of South
America and in Central America, with a particular emphasis on Colombia.

Forward Looking Statements
This press release includes forward-looking statements that involve risks and
uncertainties. Forward looking statements are statements that are not
historical facts. Such forward-looking statements, based upon the current
beliefs and expectations of the Company's management, are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. The Company is under no obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events, changes in assumptions
or otherwise.

SOURCE Andina Acquisition Corporation

Website: http://www.andinaacquisition.com
Contact: L. Murray, +011 917-854-7627, press@andinaacquisition.com