Press release from Marketwire
GuestLogix Strengthens Presence in Asia-Pacific Region with Opening of Headquarters in Hong Kong
Company Reinforces Commitment to Better Serve the Asia-Pacific Airline Market
Monday, May 07, 2012
TORONTO, ONTARIO and HONG KONG, CHINA--(Marketwire - May 7, 2012) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology to airlines and the passenger travel industry, today celebrates the opening of its Asia-Pacific headquarters in Hong Kong, reinforcing the Company's commitment to expand its global reach and better serve the Asia-Pacific airline market. Collectively, the region's airlines represent more than 700 million passenger-trips* annually, translating to almost one-third of the global passenger traffic.
"The presence of GuestLogix in Asia-Pacific underscores the Company's continued focus on expanding our customer footprint in this key growing market," said Tom Douramakos, President and CEO of GuestLogix. "We are dedicated to applying our global knowledge and capabilities locally to meet the region's specific requirements from our Asia-Pacific hub located in Hong Kong, one of the world's busiest passenger travel centers."
Heading up the Company's Asia-Pacific operations is veteran airline industry executive Tony Sit who has been overseeing market expansion, client services and solutions delivery for the region since late 2011.
"GuestLogix is pleased to launch its Asia-Pacific headquarters to address a growing demand among the region's airlines for a sophisticated, end-to-end onboard retail solution," said Tony Sit, Senior Vice President and General Manager of GuestLogix Asia-Pacific. "We are also excited about the opportunity to strengthen relationships with our customers and partners in the region."
To solidify the Company's presence across Asia-Pacific, GuestLogix also plans to open regional offices in China, Singapore and Australia.
GuestLogix' new office is located at 193 Prince Edward Road West, Grand Century Plaza, Unit 1208-09, Tower 1, Hong Kong. The opening ceremonies will be attended by local dignitaries, key customers, partners and associations. Guests will receive demonstrations of the Company's onboard retailing technology platform including its new Chinese, Japanese and Korean language versions of its solution announced last month.
To learn more about GuestLogix, please visit: www.guestlogix.com.
*Source: ATW World Airline Traffic Results 2010
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.
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 February 27, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
GuestLogix Media Relations: Ruth Morayniss 416-987-7057 firstname.lastname@example.org www.guestlogix.com
TMX Equicom Investor Relations: 416-815-0700 ext. 273 email@example.com