GuestLogix Renews Agreement with Leading Global Airline

TORONTO, ONTARIO--(Korea Newswire)--GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced the signing of a multi-year agreement with a leading global airline that carries more than 125 million passengers annually. This agreement renews the airline's use of the GuestLogix services and supersedes prior agreements held between the parties. No other terms were disclosed.

“Our number one priority continues to be supporting our customers by delivering the most advanced onboard retail technology solutions in the industry,” said Tom Douramakos, President and CEO of GuestLogix. “We believe that signing a multi-year renewal agreement with this leading global airline is a strong testament to the value our technology platform brings to our customers.”

About GuestLogix

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). A sales and support office is located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. More information is available at www.guestlogix.com.

© 2012 GuestLogix. All rights reserved.

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 May 14, 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.

Website: http://www.guestlogix.com

This is a news release distributed by Korea Newswire on behalf of this company.