|By Marketwired .||
|May 13, 2014 07:01 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/13/14 -- GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced a 3-year agreement to deploy its retail technology platform and PCI-compliant handheld POS devices to power the onboard store of a low-cost carrier in Southeast Asia. The Company's solution will be used to accept credit cards for the purchase of products onboard, increasing payment security for the airline and its passengers. This agreement is made in partnership with duty free concessionaire, Inflight Sales Group Hong Kong (ISG), and marks the partnership's third joint agreement of 2014 as well as the Company's continued expansion in Asia Pacific.
"GuestLogix has made significant headway in the Asia Pacific region over the past year and we're eager to maintain this momentum throughout 2014," said Brett Proud, President & CEO of GuestLogix. "On the heels of new agreements with airlines in Japan and Southeast Asia, we welcome another Southeast Asian airline into our customer base and continue our expansion into Asia Pacific together with ISG. Our retailing technology combined with ISG's airline concession expertise will assist the carrier in improving the success of its onboard retail performance, and we're thrilled they've entrusted us to support their onboard retailing initiatives."
GuestLogix' leading solutions, including its retail technology platform and PCI-compliant handheld POS devices, will be deployed fleet-wide to enable the acceptance of credit cards for the purchase of items, such as duty free goods, onboard the airline's international flights. This carrier, as well as its passengers, will benefit from safe and secure transacting onboard, leading to increased efficiency and an enhanced passenger experience.
"Coupling our duty free program experience with GuestLogix' leading onboard retail technology has made for a highly successful partnership over the past few years," said Tony Detter, Group Managing Director, ISG. "As we prepare to deploy across our third joint customer of 2014, we can acknowledge the significance of our combined strengths and our ability to leverage our partnership to make headway in the Asia Pacific region. Our collaborated efforts will support the onboard retailing goals of these airlines, and we are committed to ensuring a smooth implementation."
ISG relies on the compliance and security of GuestLogix' Transaction Processing Engine® (TPE®) and Global Payment Gateway(TM) to support the payment processing of its duty free programs onboard joint customers. GuestLogix delivers secure, flexible solutions that are backed by 82 payment and operational certifications, making it the most trusted provider in the market. Since partnering in 2010, GuestLogix and ISG have secured joint customers in Hong Kong, India, Japan and Southeast Asia. This signing represents GuestLogix' eighth customer agreement made in partnership with the duty free concessionaire, further strengthening the channel partner relationship.
This new customer agreement represents an additional 4.9 million passenger trips per annum for GuestLogix.
About Inflight Sales Group
Inflight Sales Group (ISG) is the pioneer of airline concession operations, management and marketing, with more than 20 years of airline duty free concession management experience. First founded by Jean-Marcel Rouff in 1982 to supply amenity kits and as an exclusive distributor of duty free products from the leading suppliers to airlines in Asia and North and South America, today ISG remains the leading concessionaire in the airline duty free business, with a strong and loyal customer base in Asia, North Africa and the Americas. The ISG team is renowned for its innovative marketing programs, service culture and unparalleled success in driving sales onboard its airline partners. More information is available at www.inflightsales.com.
GuestLogix Inc. (TSX:GXI), is a global leader in comprehensive retail solutions delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong. More information is available at www.guestlogix.com
© 2014 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 May 12, 2014 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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