TORONTO, ONTARIO--(Marketwire - Feb. 7, 2013) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced that travel industry distribution and marketing veteran, Jim Young will oversee one of the Company's key areas of growth opportunity as Senior Vice President, New Markets & Products. The position was previously held by current President & CEO, Brett Proud. Mr. Young will play an instrumental role in ensuring that existing partnerships with leading in-flight entertainment and communication providers are leveraged to their full potential. He will also establish similar partnerships with other industry-leading technology companies.
"As a Company, we recognize that the opportunities found within these types of strategic partnerships are immense. We must develop the partnerships that exist today as well as those still to come, ensuring they are served with quality and a sense of urgency," said Brett Proud, President & CEO, GuestLogix. "Jim Young brings an unprecedented level of talent, passion and industry insight to GuestLogix. I am extremely confident that he will ensure the success of the New Markets & Products division and play a major role in our renewed growth at GuestLogix."
Young has held executive-level positions with Frontier Airlines, where he was Chief Marketing Officer, Managing Director-Distribution Planning at Continental Airlines and head of strategic planning for Canadian Airlines International. He has also served as SVP of Global Distribution for Intercontinental Hotels Group. Most recently, Young served as President and Executive Director of the Open AXIS Group, an airline industry standards body that established a global technology standard for airline direct distribution and was adopted by the world's leading airlines.
"Throughout my years in the travel industry, I have seen and been a part of countless initiatives aimed at improving the end-to-end experience of passengers onboard the world's foremost airlines," said Jim Young, SVP New Markets & Products, GuestLogix. "GuestLogix is recognized as the leader in fusing those improvements with much-needed onboard revenue generation and I am thrilled to be a part of an organization that is so committed to building new innovations that travel operators need and travellers can enjoy."
GuestLogix' fully certified payment processing services have already been chosen by the world's leading supplier of in-flight entertainment and communication (IFEC) systems, Panasonic Avionics. The Company anticipates new customer deployments in 2013 as a result of this partnership. The re-establishment of the New Markets & Products division will augment and quicken the growth rate of this business area.
GuestLogix Inc. (TSX:GXI), the leading global provider of onboard store technology and merchandising solutions, helps airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. GuestLogix brings a decade of expertise as a trusted onboard transaction processing partner to airlines around the world. The Company's global headquarters and centre for product innovation is located in Toronto, Canada with regional head offices located in Dallas, Texas (serving Americas) London, UK (serving EMEA), and Hong Kong (serving Asia-Pacific). Sales and support offices are located in Singapore and Shanghai. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. In September 2012, GuestLogix acquired U.K.-based onboard retail technology provider Initium Onboard with clients in Europe, South America, Asia-Pacific and the Middle East. More information is available at www.guestlogix.com.
© 2013 GuestLogix. All Rights Reserved.
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 16, 2012 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.