GuestLogix Inc.
TSX : GXI

GuestLogix Inc.

July 27, 2011 18:06 ET

GuestLogix Announces Amendment to Expiry Dates of Certain Warrants

TORONTO, ONTARIO--(Marketwire - July 27, 2011) - GuestLogix Inc. (TSX:GXI) ("GuestLogix" or the "Company"), the leading transaction processor of ancillary revenues and the provider of onboard store technology to airlines and the passenger travel industry, today announced that it has entered into agreements with certain arm's-length non-insider warrant holders to extend the expiry date by an additional two years of an aggregate of 1,267,527 "out of the money" common share purchase warrants (the "Warrants") of the Company.

The Warrants that are subject to the amendment are as follows.

Current Warrant
Expiry Date
# of
Warrants
Exercise Price
(USD)
Proposed Warrant
Expiry Date
16-Aug-11 229,875 $0.907 16-Aug-13
16-Aug-11 229,875 $0.726 16-Aug-13
30-AUG-11 41,346 $0.725 30-AUG-13
30-AUG-11 41,346 $0.907 30-AUG-13
24-SEP-11 41,346 $0.725 24-SEP-13
24-SEP-11 41,346 $0.907 24-SEP-13
27-SEP-11 41,346 $0.725 27-SEP-13
27-SEP-11 41,346 $0.907 27-SEP-13
1-Oct-11 186,567 $0.907 1-Oct-13
1-Oct-11 373,134 $0.726 1-Oct-13
1,267,527

The Warrants were issued by the Company on a private placement basis before the Company went public as per the notes to the Company's audited financial statements. The exercise price of the Warrants remain unchanged. The amendments are subject to TSX approval and will be effective 10 business days from the date hereof.

About GuestLogix

GuestLogix is the leading global transaction processor of ancillary revenues and the provider of onboard store technology and merchandising, which helps airlines and other operators create, manage, and control onboard retail environments tailored to their needs and their passengers. Serving approximately 40% of the global airline passenger traffic, GuestLogix has become a trusted onboard transaction processing partner to airlines around the world. The Company is headquartered in Toronto, Canada and maintains sales and support facilities in the US, UK, Singapore, and Seoul, South Korea. GuestLogix is publicly traded on The Toronto Stock Exchange (Symbol: GXI.T). More information is available at www.guestlogix.com.

© 2011 GuestLogix. All Rights Reserved. ®OnTouch is a trademark of GuestLogix Inc. and is registered in the United States and may be pending or registered in other countries. All other trademarks and trade names are the property of their respective owners.

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 July 14, 2011 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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