GuestLogix Announces Former Airline Executive to Lead Company's Strategic
Travel Industry Veteran Positioned to Drive Company's Existing and
Emerging Partnerships With In-Flight Entertainment and Onboard
TORONTO, ONTARIO -- (Marketwire) -- 02/07/13 -- GuestLogix Inc.
(TSX:GXI), the leading global provider of onboard retail and payment
technology solutions to airlines and the passenger travel industry,
today announced that travel industry distribution and marketing
veteran, Jim Young will oversee one of the Company's key areas of
growth opportunity as Senior Vice President, New Markets & Products.
The position was previously held by current President & CEO, Brett
Proud. Mr. Young will play an instrumental role in ensuring that
existing partnerships with leading in-flight entertainment and
communication providers are leveraged to their full potential. He
will also establish similar partnerships with other industry-leading
"As a Company, we recognize that the opportunities found within these
types of strategic partnerships are immense. We must develop the
partnerships that exist today as well as those still to come,
ensuring they are served with quality and a sense of urgency," said
Brett Proud, President & CEO, Guest
Logix. "Jim Young brings an
unprecedented level of talent, passion and industry insight to
GuestLogix. I am extremely confident that he will ensure the success
of the New Markets & Products division and play a major role in our
renewed growth at GuestLogix."
Young has held executive-level positions with Frontier Airlines,
where he was Chief Marketing Officer, Managing Director-Distribution
Planning at Continental Airlines and head of strategic planning for
Canadian Airlines International. He has also served as SVP of Global
Distribution for Intercontinental Hotels Group. Most recently, Young
served as President and Executive Director of the Open AXIS Group, an
airline industry standards body that established a global technology
standard for airline direct distribution and was adopted by the
world's leading airlines.
"Throughout my years in the travel industry, I have seen and been a
part of countless initiatives aimed at improving the end-to-end
experience of passengers onboard the world's foremost airlines," said
Jim Young, SVP New Markets & Products, GuestLogix. "GuestLogix is
recognized as the leader in fusing those improvements with
much-needed onboard revenue generation and I am thrilled to be a part
of an organization that is so committed to building new innovations
that travel operators need and travellers can enjoy."
GuestLogix' fully certified payment processing services have already
n chosen by the world's leading supplier of in-flight
entertainment and communication (IFEC) systems, Panasonic Avionics.
The Company anticipates new customer deployments in 2013 as a result
of this partnership. The re-establishment of the New Markets &
Products division will augment and quicken the growth rate of this
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). Sales and support offices are located in Singapore and
Shanghai. Logistics centres are situated in Toronto, Dallas, London
and Seoul with a software development centre located in India. In
September 2012, GuestLogix acquired U.K.-based onboard retail
technology provider Initium Onboard with clients in Europe, South
America, Asia-Pacific and the Middle East. More information is
available at www.guestlogix.com.
(C) 2013 GuestLogix. All Rights Reserved.
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 16, 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.
Media & Investor Relations: GuestLogix Inc.
VP, Marketing, Communications & IR
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