GuestLogix Inc.

GuestLogix Inc.

June 11, 2013 08:30 ET

GuestLogix Announces Appointment of New Chief Financial Officer

Company Reinforces Executive Team with 20-Year Finance Veteran, Mr. Patrick Leung

TORONTO, ONTARIO--(Marketwired - June 11, 2013) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology to airlines and the passenger travel industry, today announced that it has appointed Mr. Patrick Leung as Chief Financial Officer (CFO), effective June 17th, 2013. Mr. Leung has served as CFO within the Canadian technology and investment sectors. Mr. Leung succeeds outgoing CFO, Mr. Brian Reddy.

"Patrick is clearly an impressive addition to our executive team, bringing over 20 years of financial and business experience within the Canadian technology sector," said Brett Proud, President & CEO, GuestLogix Inc. "Aside from his widely successful track record, Patrick brings a great deal of energy and enthusiasm that will surely translate into a winning combination, both from an operational standpoint as well as a benefit to the Company's clients and shareholders."

Over the course of his career, Mr. Leung has held a variety of executive and senior financial positions including as CFO at Markham-based technology company Spectra7 Microsystems Inc., where he oversaw the Company's listing process to the TSX Venture Exchange. Prior to his role at Spectra7, Mr. Leung served as CFO for Tristan Capital (formerly ATX Incorporated) as well holding executive and senior level positions with Merrill Lynch & Co. and Rockwater Capital Corporation. He is a Chartered Accountant and a Chartered Financial Analyst and holds both a BA and MAcc from the University of Waterloo.

Mr. Reddy held the CFO position at GuestLogix since 2007. "I would like to extend my sincere gratitude to Brian, whose hard work and unrivaled dedication to GuestLogix has been instrumental in helping us achieve our success to-date," Mr. Proud continued. "Brian managed our graduation from the TSX Venture Exchange to the TSX in 2010, was integral in our smooth transition to International Financial Reporting Standards (IFRS) and led several financing transactions for the Company throughout his tenure. The Board of Directors joins me in thanking Brian and wishing him success in his next chapter."

About GuestLogix

GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology brings over a decade of expertise as a trusted onboard transaction processing partner to airlines, rail operators and the passenger travel industry. GuestLogix helps its customers to create, manage, and control onboard retail environments tailored to their needs and their passengers for a truly personalized experience. The Company is partnered with global leaders in catering, duty-free and in-flight entertainment, offering complete onboard retailing services to airlines and rail operators worldwide. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong. More information is available at

© 2013 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 including the anticipated benefits to GuestLogix of the acquisition of Initium Onboard, 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 that GuestLogix may not realize all of the anticipated benefits from the acquisition of Initium Onboard as well as the matters discussed under "Risks and Uncertainties" in the GuestLogix management's discussion and analysis filed May 15, 2013 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, other than as required by applicable laws.

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