TORONTO, ONTARIO — (Marketwired) — 09/26/16 — GuestLogix Inc.("GuestLogix" or the "Company"), the leading global provider of onboard retail and payment technology to the airline and passenger travel industry, announced it has successfully emerged from creditor protection under the Companies– Creditors Arrangement Act (Canada) (the "CCAA") under a new ownership group and CEO, Mike Abramsky. With a renewed financial footing and new leadership, GuestLogix is now
TORONTO, CANADA — (Marketwired) — 07/06/16 — GuestLogix Inc. ("GuestLogix" or the "Company") has entered into a definitive transaction agreement in respect of the acquisition of its Onboard business by a Canadian investor group with a strong track record of investing in high-growth technology businesses, comprised of Stornoway Portfolio Management Inc., Bridgecorp Canada Inc., Logan Peak Capital Inc. and Klass Capital Corporation (the "Transaction")."We ar
TORONTO, ONTARIO — (Marketwired) — 05/06/16 — GuestLogix Inc. ("GuestLogix" or the "Company") today announced that it has closed the previously announced sale of all of the shares that its wholly-owned subsidiary, GuestLogix Ireland Limited, owned in OpenJaw Technologies Inc. to an affiliate of TravelSky Technology Limited ("TravelSky") (the "OpenJaw Transaction"), for net proceeds of approximately US$38.5 million after closing adjustments but before
TORONTO, ONTARIO — (Marketwired) — 04/06/16 — – GuestLogix Inc. ("GuestLogix" or the "Company") today announced that it has entered into a definitive share purchase agreement in respect of the sale of all of the shares that its wholly-owned subsidiary, GuestLogix Ireland Limited, owns in OpenJaw Technologies Inc. to an affiliate of TravelSky Technology Limited (the "OpenJaw Transaction"). The OpenJaw Transaction resulted from the previously announced court-appr
TORONTO, ONTARIO — (Marketwired) — 03/14/16 — GuestLogix Inc. (TSX: GXI) ("GuestLogix" or the "Company"), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, announced today that in light of the ongoing proceedings commenced under the Companies– Creditors Arrangement Act (the "CCAA"), it does not currently intend to prepare or file consolidated audited finan
TORONTO, ONTARIO — (Marketwired) — 02/22/16 — GuestLogix Inc. (TSX: GXI) ("GuestLogix" or the "Company") announces that the Ontario Superior Court of Justice (Commercial List) granted (i) on February 12, 2016, an order approving a US$3 million interim facility (the "Interim Facility") in the context of its previously disclosed Companies– Creditors Arrangement Act ("CCAA") proceedings and (ii) on February 19, 2016, an order approving the SISP Procedur
TORONTO, ONTARIO — (Marketwired) — 02/09/16 — GuestLogix Inc. (TSX: GXI) ("GuestLogix" or the "Company") announces that the Company has commenced proceedings and obtained court protection under the Companies– Creditors Arrangement Act (the "CCAA") as the Company attempts to restructure and reorganize its assets, business and financial affairs. The operations of OpenJaw Technologies Limited are not subject to the CCAA proceedings.After careful consideration of
TORONTO, ONTARIO — (Marketwired) — 12/16/15 — 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 a preliminary internal review initiated by the CEO and the board of directors of the Company in respect of a/certain contract(s) has revealed that the Company may not have been following proper revenue recognition accounting policies.As a resul
