GuestLogix Inc.
TSX : GXI

GuestLogix Inc.

January 07, 2015 07:00 ET

GuestLogix Announces 6+ Year Renewal and Expansion Agreement With Momentum Services and Eurostar

Company to Deploy Its iOS Tablet POS Technology and Payment Sleeves as Well as Ancillary Insights™ to Elevate the Operator's Retail Performance

TORONTO, ONTARIO--(Marketwired - Jan. 7, 2015) - GuestLogix Inc. (TSX:GXI), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to the passenger travel industry, today announced a 6+ year renewal and expansion agreement with European catering company, Momentum Services, for the continued support of its retail program onboard rail customer, Eurostar. With this signing, Momentum will replace the POS handheld devices used onboard Eurostar with the Company's next-generation iOS-version retail platform and payment peripherals for use with the Apple iPad, which will also be utilized to access crew communications and forms for improved efficiency and accessibility onboard. In addition to continued use of the retail platform's Back Office to monitor retail performance and manage activities such as warehouse and stock management, GuestLogix' Ancillary Insights™ business intelligence platform will also be implemented for deeper performance analysis and optimization. The Company's OnTouch® Destination Merchandising and Global Payment Gateway™ will also continue to be leveraged, with GuestLogix continuing to act as Merchant of Record. This agreement with Momentum Services will enable the caterer to sell food and beverage as well as destination activities onboard Eurostar using the Company's most innovative retailing technology, while maintaining a consistent experience across the operator's fleet.

"Momentum's retail-savvy and tech-friendly approach to ancillary revenue generation has led to much success onboard Eurostar," said Brett Proud, President & CEO of GuestLogix. "As we advance our relationship, Momentum will implement additional solution components, including our next-generation retail solution for use with the Apple iPad and our business intelligence platform, to improve its ancillary revenue potential and heighten crew efficiency while continuing to benefit from secure payment processing and fraud protection. This announcement represents our second smartphone and tablet POS technology agreement with a rail customer in the past year, and based on the interest we've been receiving from our customers and the passenger travel industry at large, this is only the beginning."

Momentum became a customer of GuestLogix in September 2012 when the Company acquired its leading competitor, Initium Onboard. The catering provider has since upgraded its technology to the Company's leading retail platform and POS handheld devices to accept a wider variety of credit cards for the purchase of food and beverage as well as destination-based merchandise offerings onboard its dedicated customer, Eurostar. GuestLogix and Momentum further strengthened its relationship in August 2013 when GuestLogix became Momentum's exclusive destination-based content provider and announced the deployment of its Global Payment Gateway in a Merchant of Record Agreement.

"Leveraging innovative and secure solutions to support our customer's onboard retailing initiatives is very important to us," said Marie Grand, General Manager, Momentum Services. "GuestLogix has demonstrated its commitment to advancing its technologies and providing a complete portfolio of offerings to enhance ancillary revenue potential as well as the passenger experience, and we are delighted to implement new tablet and analytics solutions to further improve our performance, business process automation and product assortment onboard Eurostar. Our priority is to continuously outperform and exceed the evolving expectations of our customer and its passengers, and we are confident in our ability to do so with secure and robust retailing solutions in place."

Backed by 90 payment and operational certifications, GuestLogix' end-to-end solutions, including its Transaction Processing Engine®, are the most accredited in the industry. Momentum Services has relied on the Company's flexible, PCI-compliant technology to power its onboard store, manage its Back Office activities and provide a wide selection of products and services, including ground transportation and local attraction passes in Paris, London and Brussels, to passengers onboard Eurostar. With the implementation of GuestLogix' next-generation solutions for smartphones and tablets as well as Ancillary Insights for advanced reporting and analysis, Momentum can anticipate improvements in crew efficiency as well as its overall retail performance. As a customer of GuestLogix, the catering provider will also have the option to extend its retailing to additional travel touchpoints onboard and off board Eurostar, in support of an omni-channel retail environment.

"Momentum will be utilizing the industry's most powerful solutions to maximize its retail potential and elevate its performance to the next level," said GuestLogix SVP & General Manager - Global Rail, Thomas Drohan. "We look forward to supporting Momentum's initiatives long into the future, and will leverage this agreement to demonstrate how we may support additional rail operators in achieving ancillary revenue success in Europe and beyond."

This agreement with Momentum Services and Eurostar represents approximately 10.1 million passenger trips per annum for GuestLogix.

About Momentum Services

Momentum is part of the Cremonini group, one of the leaders in Europe of On board catering, and provides Eurostar with a full on-board service for Business Premier, Standard Premier and Standard Class customers. These services are offered on trains operating between London and Paris and between London and Brussels. In 2015, Eurostar will extend its daily direct services to Lyon and Marseille and to Amsterdam in 2016. Some additional seasonal services are running to the Alps in winter and connecting services via Lille to Switzerland. Additionally it supplies the Customer service and Catering in the Business Lounges in London St Pancras, Paris and Brussels. http://www.momentumservicesltd.com.

About GuestLogix

GuestLogix Inc. (TSX:GXI), is a global leader in comprehensive merchandising, payment and business intelligence technology delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. On December 23, 2014, GuestLogix announced the acquisition of OpenJaw Technologies, a Dublin-based technology company focused on travel retailing innovation in the e-commerce segment. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong, and a Product Innovation Lab located in Moncton. More information is available at www.guestlogix.com and www.openjawtech.com.

© 2015 GuestLogix. All Rights Reserved.

® Transaction Processing Engine is the property of GuestLogix and is registered in the United States and may be pending or registered in other countries.

iPad is a trademark of Apple Inc.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on November 3, 2014 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

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