GuestLogix Inc.

GuestLogix Inc.

October 20, 2010 08:00 ET

GuestLogix Ranked 40th Fastest Growing Company on Deloitte's 2010 North America Technology Fast 500™

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2010) - GuestLogix, Inc. (TSX:GXI) the leading global provider of onboard store technology to airlines and the passenger travel industry, today announced that it was recognized by Deloitte as the 40th fastest growing technology company in North America. The Deloitte Technology Fast 500 is an annual list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in the U.S. and Canada, based on percentage revenue growth over fiscal years 2005-2009. GuestLogix achieved growth of 3,531% over the five-year period, which also helped position the firm as the 9th fastest growing technology company in Canada.

"With its remarkable growth from 2005 to 2009, GuestLogix has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and deserves our congratulations," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte is proud to honour GuestLogix for this accomplishment."

"Making the Deloitte Fast 500 list is another indication of GuestLogix' leadership in breaking the barriers in creating an onboard marketplace that never existed before," said Tom Douramakos, President and CEO, GuestLogix. "We attribute our strong growth to many factors, such as our focus on helping our customers succeed, timely innovation, and our industry leadership."

GuestLogix' OnTouch™ Technology Platform is revolutionizing the passenger travel industry by enabling travel operators to create their own branded onboard stores that can be accessed at all travel touch points in a consistent and secure way. The Company has been the pioneer in developing 'industry first' technology solutions that are tailored to the unique onboard environment:

  • the development of next-generation point-of-sale handhelds and software designed specifically for the passenger travel industry;
  • the development of a payment platform which supports any transaction, by any means, in any jurisdiction in compliance to payment industry standards;
  • the design of a merchandising portfolio approach with travel relevant, destination-based categories to enhance carrier brands and customer travel;
  • the extension of the onboard experience to other touch points with customers (lounge, at the gate, etc.); 
  • the extension of access to the onboard store to include the web, smartphones, inflight entertainment systems, kiosks, and more;
  • the ensuring of a consistent experience for customers and operators across all touch and access points; and
  • the development of the first comprehensive retail analytics dashboard to manage and control the onboard store operation.

GuestLogix' OnTouch™ Merchandising Platform has created travel-relevant, destination-based products and services that the Company expects will be the cornerstone of any airline's ancillary revenue strategy – both now and in the future. It allows passengers to purchase products and services while in-flight, at the gate or in the lounge – or at any travel touch point.

GuestLogix provides the framework that is fundamentally changing the way airlines interact with their customers. Its customers include some of the world's leading airline brands, which collectively represent more than one billion passenger trips annually. Since its founding in 2002, GuestLogix has established an ecosystem of channel, technology and content partners to grow the onboard retail market and support customers globally.

Mr. Douramakos added: "I would also like to thank the most important asset of GuestLogix, our employees, who are a special group of individuals that together have created the technologies that are leading the way and are years ahead of any competitor in the market."

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 38% of the global airline passenger traffic, GuestLogix has become a trusted 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 Korea. GuestLogix is publicly traded on The Toronto Stock Exchange (Symbol: GXI.T). More information is available at

© 2010 GuestLogix. All rights reserved. All other trademarks and trade names are the property of their respective owners. As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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 October 14, 2010 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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