GuestLogix Inc.
TSX : GXI

GuestLogix Inc.

March 03, 2015 09:00 ET

GuestLogix Announces Change in the Board of Directors

TORONTO, ONTARIO--(Marketwired - March 3, 2015) - GuestLogix Inc. (TSX:GXI), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced that Leo Desrochers has resigned as a Director of the Corporation. Concurrently, GuestLogix also announces the appointment of John Gillberry as Lead Independent Director, effective immediately.

"On behalf of the Board of Directors and the Corporation, I would like to extend a sincere thank you to Leo for his many valuable contributions over the past three years," said Brett Proud, Interim Chairman of the Board, GuestLogix.

Mr. Desrochers joined GuestLogix' Board of Directors on February 9, 2012, serving as Director as well as Chairman of the Board during his tenure.

"As we say farewell to this important member of the Board, we also welcome a highly experienced technology and financial services executive, John Gillberry, as Lead Independent Director. John's history of driving business growth through multiple executive leadership roles and as a member of a number of boards of directors has garnered John a great deal of respect in the Canadian capital markets, and he will be a great asset to the Corporation going forward," added Proud.

As Lead Independent Director, Mr. Gillberry will oversee and facilitate the board improvement process that was described in GuestLogix' press release on February 9, 2015. The Lead Independent Director will also be visiting both current and prospective investors moving forward.

Mr. Gillberry brings with him a wealth of experience having held several C-level and executive roles including his current position as President & CEO of Bayfield Capital Group, a consulting firm that specializes in corporate finance, M&A, asset-based lending and other growth initiatives for organizations. Gillberry's more than 20 years' experience has been focused on managing business risks, financial and operational strategy, and delivering concrete shareholder value. He has developed a reputation for his collaborative contributions and being consistent in ensuring that companies adhere to corporate governance best practices. Mr. Gillberry has held C-level roles with companies such as WireIE, eSentire, QHR Technologies Inc. and CoreWorx, as well as serving on the Board of Directors for companies including ZAIO Corporation and BTE Technologies Inc. Gillberry is currently a member of the Board of Directors for Wi-Lan Inc. and DataWind.

"I'm excited to be joining GuestLogix during this growth period and to assist the Board in its current position, allowing management to focus on the execution of bringing together two great companies," said Gillberry. "With much experience serving on Boards of Directors and Advisors, I aim to bring a fresh, skilled perspective that will complement those of the existing Board Members, with whom I look forward to working with to advance GuestLogix' leadership position."

Mr. Gillberry received his MBA from the Ivey School of Business at the University of Western Ontario.

To view the photo of Mr. Gillberry, click on the following link: http://media3.marketwire.com/docs/JG33.jpg

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.

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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