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GuestLogix Reports Fiscal 2008 Second Quarter Financial Results

TORONTO, CANADA — July 14, 2008 — GuestLogix Inc. (TSX-V: GXI), the leading provider of on-board retail solutions to the airline industry, announces its financial results for the three-and six-month periods ended May 31, 2008. All results are reported in Canadian dollars.

Operational Highlights — Mobile Virtual Store™ Platform

• Secured contract with UK-based Grand Central Railway Company
  
• Signed contract with low-cost carrier AirAsia X and completed deployment
  
• Awarded a multi-year contract by a major U.S. airline to be named upon full deployment this year
  
• Grew the number of revenue-producing customers to 15, up from 11 as at February 28, 2008 and nine as at May 31, 2007.

Operational Highlights — Merchandising Channel

• Partnered with TicketOps to offer attraction tickets on North American flights
  
• Subsequent to quarter end, signed an agreement with a major New York City ticketing agency to launch the airline industry's first in-flight Broadway ticketing service

GuestLogix established a retail merchandising channel business and created its on-board retail development team in Q1 2008 to focus on third-party product and service retailing integration agreements. To drive further success of this strategic initiative, GuestLogix increased its capital investment in its retail merchandising channel during the second quarter, directing additional spending toward program development, promotion and rollout.

The strengthening of this group has resulted in two new partnerships. In Q2 fiscal 2008, GuestLogix signed an agreement with e-ticketing company, TicketOps, to offer tickets for tourist attractions, festivals, events and movies on all inbound flights to North America. Subsequent to quarter end, GuestLogix signed a Broadway ticketing agreement with a major New York City based agency, to offer Broadway tickets on-board flights to New York City. Including SkyMall, GuestLogix has a total of three major merchandising agreements in place, each with revenue generating pilots scheduled for late summer on select flights.

Q2 Fiscal 2008 Financial Highlights

"In the second quarter, we continued to build a strong base of recurring revenue, delivering a 29% increase over Q1 2008," said Tom Douramakos, President and CEO of GuestLogix. "We also committed greater resources to our retail merchandising channel as third-party retail merchandising programs will help accelerate growth of GuestLogix' average revenue per passenger. Our agreements with SkyMall, Ticket Ops and the major New York ticketing agency will offer significant potential revenue opportunities. In addition, we continued to build our sales pipeline and expect increased adoption of our Mobile Virtual StoreTM platform in the second half of the year."

As at May 31, 2008, GuestLogix had cash and cash equivalents totaling $4.8 million, compared to $3.8 million as at February 28, 2008 and $6.0 million as at November 30, 2007. Total shares issued and outstanding were 50,964,203.

FY 2008 Outlook
"We believe current airline industry challenges provide an opportunity for GuestLogix, as our on-board retailing solution enables carriers to quickly establish new revenue streams to help offset rising operating costs," added Mr. Douramakos. "The industry trend toward ancillary revenue growth is gaining momentum. On a daily basis, we are seeing major airlines announce plans and implement additional charges for basic items such as checked baggage, seat selection and refreshments including soft drinks, juices, coffee and bottled water. With more than 50% of the passenger trips of the top 20 global airlines covered under agreements and being deployed on our retail platform, GuestLogix is positioned to immediately reap the benefits from these additional transactions, creating the potential for accelerated revenue growth during the remainder of the year."

Financial statements and MD&A will be available at www.guestlogix.com and www.sedar.com.

(1)Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a financial metric used by many investors to evaluate companies in this industry on the basis of operating results and the ability to incur and service debt. EBITDA does not have a standardized meaning prescribed by GAAP and may not be comparable to similar measures presented by other companies. The disclosure of EBITDA is not intended to replace, but only augment, the discussion of financial results from operations or cash flows.

Notice of Conference Call
GuestLogix will host a conference call Monday July 14, 2008, at 8:30 a.m. Eastern Standard Time to discuss its second quarter fiscal 2008 financial and operational results and its outlook for the balance of 2008. To access the conference call by telephone, dial 416-644-3416 or 1-800-733-7560. Please connect approximately fifteen minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Monday July 21, 2008. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter reference number 21275446#. The replay will also be available at www.guestlogix.com.

About GuestLogix
GuestLogix is the leading provider of on-board retail technology and solutions to the passenger travel industry. Through its proprietary Mobile Virtual Store™ platform, the Company provides air, rail and ferry operators the tools and products to become successful on-board retailers, enhance service and drive ancillary revenue growth. With a customer base consisting of world leading airlines such as American Airlines, Delta Air Lines, Ryanair, Germanwings and Alaska Airlines, GuestLogix maintains agreements to serve more than a half billion passenger trips annually. For additional information please visit www.guestlogix.com

Forward-Looking Statements
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 14, 2008 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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© 2008 GuestLogix. All Rights Reserved.

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