Pangea FX: Cornerstone FS Acquires Specialist FX and Treasury Consultancy Pangea FX Limited

Cornerstone FS, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into an agreement to acquire the entire issued and to be issued share capital of Pangea FX Limited ("Pangea"), a specialist FX and treasury consultancy (the "Acquisition"). The total consideration payable for the Acquisition is up to £200,000 (dependent upon future performance), which is to be satisfied by cash and loan notes.