Press release from CNW Group
GuestLogix Announces Successful COFETEL Certification for In-Flight Retail in Mexico
Thursday, November 08, 2012
Industry's Leading Onboard Retail Technology Solution Now Available for Use Onboard All Airlines and Other Travel Operators in Mexico
TORONTO, Nov. 8, 2012 /CNW/ - 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 successful COFETEL certification of its onboard retail technology, including its point-of-sale (POS) handheld device for use in Mexico. COFETEL (COmission FEderal de TELecomunicacion) is the Mexican National Bureau in charge of frequencies regulation of telecom networks for both public and private companies located or operating in Mexico.
"Mexico is an important growth region for GuestLogix, as many airlines in the country have yet to deploy a full onboard retail technology solution," said GuestLogix President & CEO, Brett Proud. "Mexico's airline passenger traffic is strong. There are more than 30 million passenger trips annually, and carriers such as Aeromexico with their recent purchase of 60 new Boeing aircraft along with new market entrant, Volaris, are proving that growth potential in the region is sound."
The COFETEL certification is required for mobile point-of-sale devices to transmit secure data within Mexico and comes as acknowledgement that GuestLogix is now able to serve all Mexican airlines and travel operators with its full end-to-end solution, effective immediately.
"Though many parts of our solution were already able to serve customers in Mexico, this approval by COFETEL now allows travel operators in the country to use our entire solution in the same way that our more than 60 other airline customers do," said Narayanan Raman, VP Payments & Compliance, GuestLogix. "We know that in Mexico there is a focus on transacting electronic payments in-flight, and we are proud to now be able to better serve this market."
The COFETEL certification brings GuestLogix up to a total of 29 payment and travel industry certifications for its onboard retail technology platform.
GuestLogix Inc. (GXI: TSX), 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
© 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 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.
SOURCE: GuestLogix Inc.
For further information:
Dan Thompson, GuestLogix
Kristen Dickson, Equicom
416-815-0700 ext. 273