GuestLogix Inc.

GuestLogix Inc.

February 12, 2015 09:00 ET

GuestLogix Announces Resignation of Chairman of the Board

TORONTO, ONTARIO--(Marketwired - Feb. 12, 2015) - GuestLogix Inc. (TSX:GXI) ("GuestLogix" or the "Company"), a leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced that effective immediately, Mr. Leo Desrochers has resigned as Chairman of the Board. Mr. Desrochers will remain on as a Director on the Board.

The Company and the other members of the Board of Directors would like to thank Mr. Desrochers for his support and contributions as Chairman over the past two years.

The Company and the Board are currently evaluating alternatives with respect to appointing a replacement. In the interim, Mr. Brett Proud will step in as interim Chairman of the Board until the Company's Annual Special & General Meeting scheduled for May 20, 2015, where Mr. Proud will step down as interim Chair. Mr. Proud has served as a Director on the Board since 2007 and Chief Executive Officer of GuestLogix since 2012.

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 and

Forward-Looking Statements

This news release includes certain forward-looking statements including statements relating to the Company's strategic growth plan. These 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. Forward-looking statements are based on estimates and assumptions made by GuestLogix in light of its experience and its perception of historical trends, current conditions and expected future developments. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks Factors" in the Company's final short form prospectus dated December 16, 2014 with the regulatory authorities. Actual results could differ materially from those currently anticipated due to a number of factors and risks. 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, except as required by law.

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