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July 29, 2015 8:56 PM ET

Consumer Finance

Company Overview of Currency Exchange International Corp.

Company Overview

Currency Exchange International, Corp. provides retail and wholesale currency exchange, and related products and services in the United States and Canada. Its primary products and services comprise the exchange of foreign currencies; wire transfer payments; purchase and sale of foreign bank drafts and international traveler’s cheques; and foreign cheque clearing. It serves corporate customers consisting of hotels, resorts, and tourist attractions; banks; and walk-up customers. As of October 31, 2014, the company operated a network of 32 branch and affiliate outlets. It also offers its products and services through CEIFX, a proprietary online software system. The company was incorporated in 1...

6675 Westwood Boulevard

Suite 300

Orlando, FL 32821

United States

Founded in 1998

210 Employees

Phone:

407-240-0224

Key Executives for Currency Exchange International Corp.

Chairman of the Board, Chief Executive Officer and President
Age: 46
Total Annual Compensation: $225.0K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $178.8K
Chief Operating Officer
Age: 38
Total Annual Compensation: $90.0K
Chief Risk Officer and Senior Vice President
Age: 44
Total Annual Compensation: $125.0K
Vice President of Finance
Age: 33
Total Annual Compensation: $92.0K
Compensation as of Fiscal Year 2014.

Currency Exchange International Corp. Key Developments

Currency Exchange International Corp. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2015

Currency Exchange International Corp. reported earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported revenues increased 18% to $5.3 million from $4.5 million for the three month period ended April 30, 2014. Net operating income increased 20% to $1.3 million from $1.1 million for three month period ended April 30, 2014. Net income increased to $0.7 million from $0.5 million for the three month period ended April 30, 2014. The increase in net income was primarily due to a $0.2 million increase in net operating income. The company's revenue has grown due to the addition of new branch locations and over 3,600 transacting locations since April 30, 2014. For the six months, the company reported revenues increased 22% to $10.5 million from $8.6 million for the six month period ended April 30, 2014. Net operating income increased 24% to $2.6 million from $2.1 million for six month period ended April 30, 2014. Net income increased to $1.0 million from $0.9 million for the six month period ended April 30, 2014. The increase in net income was primarily due to an increase in net operating income of $0.5 million offset by an increase in depreciation and amortization of $0.4 million.

Currency Exchange International Corp., Q2 2015 Earnings Call, Jun 10, 2015

Currency Exchange International Corp., Q2 2015 Earnings Call, Jun 10, 2015

Currency Exchange International Corp. Presents at 5th LD Micro Invitational Conference, Jun-03-2015 11:30 AM

Currency Exchange International Corp. Presents at 5th LD Micro Invitational Conference, Jun-03-2015 11:30 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049, United States.

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