National Research Council Industrial Research Assistance Program (NRC-IRAP) Approves PeerFX Grant, Proving Viability to Investors



    VANCOUVER, June 24 /CNW/ - PeerFX has achieved another company milestone,
converting more believers out of skeptics. On June 1st, NRC-IRAP confirmed a
grant of $125,000 to support PeerFX's development efforts. This additional
funding will allow PeerFX to expand its in-house technical team with an
additional full-time hire to foster development speed and time to market.
    At first sight, PeerFX can sometimes be mistaken as yet another foreign
exchange service using traditional trading systems. However, its risk-reducing
transaction model was a key determining factor in securing funding from the
NRC-IRAP program. Following an intensive due diligence and grant application
process, Florence Leung remarked, "It's both gratifying and reaffirming to
know that the government realizes the value in our patent pending trading
process. The dollars they invest today will help us grow as we continue to
commercialize."
    Currently specializing in Canadian and US dollar exchanges, PeerFX is an
online currency exchange helping customers save money on every transaction.
The NRC-IRAP grant is a vote of confidence for PeerFX and will instil
confidence in both potential investors and business partners.





For further information:

For further information: Julien Phipps, Director of Marketing and
Business Development, PeerFX - Changing Exchanging, www.peerfx.com, (E)
julien.phipps@peerfx.com, (T) (604) 805-5287, blog:
http://changingexchanging.blogspot.com

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