GuestLogix Inc.

GuestLogix Inc.

April 11, 2011 08:03 ET

GuestLogix Expands Travel Industry Leadership Position With New Board Member Appointment

UK Travel Retail Expert and Entrepreneur, Stuart McGuire, Joins GuestLogix as a Non-Executive Director

TORONTO, ONTARIO--(Marketwire - April 11, 2011) -GuestLogix, Inc. (TSX:GXI), the leading global airline provider of onboard store technology to the airline industry, has announced that Stuart McGuire will join the company as a Non-Executive Director with immediate effect. Mr. McGuire is the Founder and Managing Director of Scorpio Distributors Ltd., a global duty free distributor that operates with more than 180 airlines and most major duty free shopping groups, and brings to GuestLogix an extensive portfolio of airline, airport and travel retail relationships.

"The appointment of Stuart McGuire is an important strategic step for our company," said Mr. Tom Douramakos, Chairman of the Board of Directors, President and CEO, GuestLogix. "Stuart's travel retail expertise and insight is of great value, and he will be able to give us invaluable advice as we expand our global footprint in line with our Fiscal 2011 growth strategy. Part of that strategy is to expand our connected marketplace to include new travel sectors and more operators."

Mr. McGuire has almost 20 years of experience in the travel retail industry beginning in his family's company, which was listed on the London Stock Exchange as LGW Plc. After being sold in the 1980s to the Ronson Group, Stuart went on to start his own travel retail business, Scorpio Distributors, Ltd., which sold exclusive lines of luxury watches and fashion accessories to the global inflight retail market. In 2007, the global duty free retailer Gebr Heinemann acquired a 51 percent ownership position in the company Mr. McGuire founded, enabling Scorpio to further its expansion in the travel retail market and become one of the leading travel retail specialists worldwide. Mr. McGuire holds an Honours Bachelor of Arts from the University of Newcastle-upon-Tyne, and is the Chairman of the Freddie McGuire Charitable Trust in the UK.

'I am delighted to be joining GuestLogix as a non-Executive Director and am very excited to work with Tom and his team. I have been very impressed with their focussed expansion plan and visionary ideas. My knowledge of the international market and the potential customers means I am well placed to advise them to make these plans a reality. I am looking forward to being a part of the continued success of GuestLogix.'

About GuestLogix

GuestLogix is the leading global 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 South Korea. GuestLogix is publicly traded on The Toronto Stock Exchange (Symbol: GXI.T). More information is available at

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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 February 24, 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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