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News Centre Interim Results for Six Months ended 30 September 2011

For immediate release: 19 December 2011

MoneySwap Plc
("MoneySwap", the “Group” or the "Company")
Interim Results for Six Months ended 30 September 2011
The Directors of MoneySwap Plc (AIM:SWAP) the Asia focused currency transfer business, are pleased to announce its Interim Results for the six months ended 30 September 2011.
Operational Highlights
  • Admitted onto AIM 31 August 2011;
  • $5 (£3.1 million) million raised before expenses at Admission;
  • Hong Kong sales and marketing team expanded with key new hires;
  • Philippines office opened;
  • Business model for China adjusted to take advantage of the online payment licenses granted to a select number of non-banking institutions by the Chinese Government;
  • Strong pipeline of commercial opportunities being secured which the Board believes will convert into revenue in 2012.
Richard Proksa, CEO of MoneySwap, commented:
“We will continue to focus on building a strong pipeline in both existing and new markets and ensuring our services are competitive, secure and scalable. With our team’s track record, expertise and commitment we look forward to the second half of the financial year and 2012 with optimism.”
The Interim Results will be available to the shareholders and the public on the Company's web site (www.moneyswap.com) during the course of today.
- Ends -
For further information, please contact:

MoneySwap Plc
Allenby Capital Limited
GTH Communications
 
Nominated Adviser
Financial PR
Richard Proksa
Chief Executive Officer
Nick Naylor
Alex Price 
James Reeve
Toby Hall 
Suzanne Johnson Walsh
+852 3919 9888  
+44 20 3328 5656
+44 203 103 3900

About MoneySwap (www.moneyswap.com)
MoneySwap Plc is a Gibraltar registered company that has its operational headquarters in Hong Kong. Primarily focused on the Asia market, the Group operates an online peer to peer foreign exchange and payment platform. The Group’s online money services platform enables peer to peer currency exchange and payments either between e-wallets or international money transfers through the global banking system. The Group has banking relationships with Barclays Bank plc in Europe, DBS Bank in Singapore as well as Standard Chartered plc, HSBC in Hong Kong together with various local domestic banks in other countries. Its shares are traded on the London Stock Exchange’s AIM market (AIM:SWAP.L).