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Thu, February 2, 2012
Wed, February 1, 2012 GuestLogix Celebrates a Decade of Pioneering Onboard Retail Innovation for the Global Airline Industry
February 01, 2012 16:00 ET
GuestLogix Celebrates a Decade of Pioneering Onboard Retail Innovation for the Global Airline Industry
Company Marks 10 Years of Providing Customers with Industry's Most Advanced Technology Solutions
TORONTO, ONTARIO--(Marketwire - Feb. 1, 2012) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, marked a major milestone today as the Company celebrated its 10th Anniversary. Founded in 2002 by Tom Douramakos and Brett Proud, along with a core team of product and software developers, GuestLogix has expanded significantly since its beginning as a Canadian technology startup. Since that time, the Company has established itself as a pioneer of the onboard retail revolution through its innovative technology solutions for the global airline industry.
"Over the past decade, GuestLogix has proven its strength as the leading processor of ancillary revenue transactions for the passenger travel industry," said Tom Douramakos, President and CEO of GuestLogix. "The first 10 years have been an incredible journey, but the best is yet to come. We anticipate even greater things in the years ahead as we expand our footprint, enter new markets and introduce new technology offerings."
In 2007, the Company's shares began trading on the TSX Venture Exchange. Three years later, GuestLogix graduated to list on the Toronto Stock Exchange. In 2009, GuestLogix hosted its first annual user conference for its global airline customers and partners to learn about the latest 'buying in the sky' innovations. And in 2011, the Company strengthened its position by establishing Regional Headquarters in the United States, Europe and Asia-Pacific. Today, GuestLogix employs more than 100 people.
Ten years ago, GuestLogix introduced a revolutionary approach to onboard retailing by offering the global airline industry innovative technology to help grow ancillary revenues, enhance the passenger travel experience and build brand loyalty.
"Our 10-year mark underscores GuestLogix' success in the global airline industry," said Brett Proud, Executive Vice President, New Markets and Products for GuestLogix. "In 2012, we will begin deploying our storefront technology and transaction processing engine into in-flight entertainment systems. GuestLogix was created on a foundation of innovation. Our number one priority continues to be supporting our customers by delivering the most advanced technology solutions in the industry."
About GuestLogix
GuestLogix Inc. is the leading global provider of onboard store technology and merchandising solutions, which help airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. Serving approximately 90% of the North American airline passenger traffic and 40% of the global airline passenger traffic, GuestLogix has become 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 around the globe including GuestLogix USA, serving the Americas, located in Dallas, Texas; GuestLogix Europe, located in London, UK, serving Europe, Middle East and Africa; GuestLogix Asia Pacific, located in Hong Kong; and a sales and support office located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. GuestLogix is pleased to be recognized as one of Deloitte's North America Technology Fast 500 and Canada Technology Fast 50 companies. GuestLogix is publicly traded on The Toronto Stock Exchange (GXI.T). More information is available at [ www.guestlogix.com ].
© 2012 GuestLogix. All Rights Reserved. ®OnTouch is a trademark of GuestLogix Inc. and is registered in the United States and may be pending or registered in other countries. All other trademarks and trade names are the property of their respective owners.
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 July 14, 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.
