International Money Express, Inc. Provides COVID-19 Business Update

MIAMI, March 19, 2020 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, today provided a business update regarding the ongoing impact of COVID-19.

At International Money Express, the well-being of our customers and employees is at the center of everything we do. In response to the COVID-19 crisis, all of our United States based headquarters personnel have been empowered to work from home to protect themselves and their families. We have also temporarily closed our 33 company-owned stores around the country to further help mitigate the spread of the virus.

Aside from these limited store closures, our money transfer services continue to operate at full capacity and serve our communities across the US and Canada. In fact, we have seen our in-store business increase across the country since the crisis began. We have also experienced great growth through our online platform at www.intermexonline.com where both new and existing customers enjoy comparable service levels to our in-store experience. Month to date through the first two weeks of March, we have seen year over year growth in our online business of 219%. Similarly, we have grown our online volumes by over 42% from the month of February, 2020.

International Money Express remains very well capitalized during this crisis, and is grateful to be able to continue to provide the remittance services which are so critical to our customers.

About International Money Express, Inc.

At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do.  We use proprietary technology that enables consumers to send money primarily from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala, and four countries in Africa.  We offer the electronic movement of money and data to our customers through our network of sending and paying agents located in all 50 states, the District of Columbia, Puerto Rico and Canada, and throughout Latin America, the Caribbean and other territories.  Our services are also available digitally through intermexonline.com.  We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.