TORONTO, ONTARIO--(Marketwired - April 23, 2015) - GuestLogix Inc. (TSX:GXI), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced that Tom Douramakos has resigned as a Director of the Corporation. Douramakos is co-founder of GuestLogix and also served as the Company's President & CEO from 2002 - 2012. Additionally, GuestLogix is pleased to announce the appointment of Mr. Scott Craven Jones as Director, effective immediately.
"On behalf of the Board of Directors and the entire GuestLogix family around the world, I would like to extend the utmost appreciation and my own personal respect for Tom Douramakos for his years of dedication and leadership over the past 13 years," said Brett Proud, Interim Chairman of the Board, GuestLogix. "Tom has long been the cornerstone of many of GuestLogix' successes and I wish him all the best in his future ventures."
Douramakos co-founded GuestLogix in 2002 with current President & CEO, Brett Proud and successfully executed on his vision of bringing about a new level of retail technology excellence onboard the world's leading airlines and travel operators. Throughout his tenure at GuestLogix, Douramakos was instrumental in securing the Company's largest customers and partners in all geographic regions and revolutionized GuestLogix' go-to-market approach - ultimately solidifying its leadership position. Taking the Company public in 2007 and eventually seeing it graduate to the Toronto Stock Exchange in 2010, Douramakos led GuestLogix as it became one of the fastest growing companies in Canada until his retirement as President & CEO in 2012.
"I am also thrilled to welcome Scott Craven Jones to the Board and am confident that his first-rate experience and diverse skillset will provide major enhancement to GuestLogix," Proud continued. "With the addition of Scott to the GuestLogix Board, we gain a highly experienced executive with an exceptional operational background in the US investment community. His wealth of knowledge will easily assimilate into our current Board and we are proud to have his counsel as GuestLogix moves into this transformational chapter."
Currently serving as an independent fund director and risk officer with Carne Global Financial Services (US), Craven Jones has held several senior level operational roles with US investment firms, including Chief Operating Officer and CFO of Aurora Investment Management in Chicago, USA, Chief Administrative Officer at Calamos Investments, and Global Chief Operating Officer of Northern Trust Global Investment's passive and quantitative investment unit. Jones graduated from Trinity College in Connecticut and has a Juris Doctor from Northwestern University School of Law. He is a member of both the CFA Institute and CFA Society of Chicago.
GuestLogix Inc. (TSX:GXI), is a global leader in comprehensive merchandising, payment and business intelligence technology 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. On December 23, 2014, GuestLogix announced the acquisition of OpenJaw Technologies, a Dublin-based technology company focused on travel retailing innovation in the e-commerce segment. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional offices located in Dallas, London, Dublin, Galway, Madrid and Hong Kong, and product innovation labs located in Moncton and Kraków. More information is available at www.guestlogix.com and www.openjawtech.com.
© 2015 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 March 16, 2015 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.