GuestLogix Reports Q3 Fiscal 2007 Financial Results

TORONTO, ON — October 30, 2007 — GuestLogix Inc. (TSX-V:GXI), the leading provider of onboard retail solutions to the airline industry, today announced its third quarter fiscal 2007 financial results for the three and nine months ended August 31, 2007.

	Three months ended August 31		Nine months ended August 31
	2007	2006	2007	2006
Revenue	$1,455,755	$225,187	$3,852,329	$499,617
EBIT Loss*	$586,690	$455,655	$680,445	$1,087,096
Net Loss	$1,178,091	$769,693	$2,669,182	$1,461,406

For the three months ended August 31, 2007, revenues increased by 546% to $1,455,755, compared to $225,187 for the comparable three months in 2006. For the nine months ended August 31, 2007, revenue was $3,852,329, compared to $499,617 for the comparable nine months in 2006.

"We expect quarterly recurring revenues to steadily increase on a go-forward basis," said Tom Douramakos, President and CEO, GuestLogix. "Given that certain customers will opt to purchase our onboard handheld devices outright our total revenue stream will experience fluctuations from quarter to quarter."

Operating expenses for the three months ended August 31, 2007 increased to $1,239,911 from $493,666 in the comparable period in 2006. The increase in operating expenses was due non-cash stock compensation charges of $150,543, and an increase in staff to deliver on key customer implementations, increased sales and marketing, and the building of the infrastructure to support a growing customer base.

Net loss, including non-cash interest accretion charges and stock based compensation expenses totaling $506,170, was $1,178,091 or $0.04 per share, compared to a net loss of $769,693 or $0.03 per share in the three months ended August 31, 2006. Net loss for the nine months ended August 31, 2007, including non-cash interest accretion charges and stock based compensation expenses totaling $1,702,486, was $2,669,182 or $0.09 per share, compared to a net loss of $1,461,406, or $0.05 per share in the nine months ended August 31, 2006.

As at August 31, 2007, the Company's cash and cash equivalents were $7,296,278 million. During the quarter GuestLogix completed its reverse takeover of Growthgen Equity II and private placement financing of $9,000,040. The weighted average number of shares issued and outstanding was 33,595,349.

Executive Personnel and Board of Directors Changes
Coincident with the third quarter report GuestLogix also announced the appointment of Brian Reddy as the Company's new chief financial officer effective November 1, 2007. Mr. Reddy returns to GuestLogix after a brief hiatus. Previously he was chief operating officer of Honda Canada Finance Inc. and vice president finance at Hyundai Auto Canada Inc. Mr. Reddy is a member of the Canadian and Ontario Institute of Chartered Accountants. David Campbell will continue in an advisory capacity.

GuestLogix also announced changes to its Board of Directors to adhere to industry corporate governance standards and add to its executive bench strength. Craig Leon with Redwood Asset Management will resign from the Board effective October 31, 2007. The Company plans to fill the vacancy and add an additional board member for a total of four seats.

"On behalf of the Board of Directors and Shareholders I would like to acknowledge David Campbell and Craig Leon for their dedicated and successful efforts in helping us complete our RTO and recent financing," said Douramakos. "These executive changes are designed to leverage our strong financial footing as we continue to build out our global leadership position in onboard retail."

Additional information about GuestLogix' Q3 Fiscal 2007 financial results and other Company filings are available at www.sedar.com.

About GuestLogix
GuestLogix is a leading provider of onboard retail solutions to the passenger travel industry. Its mission is to deliver innovative, end-to-end solutions that create new revenue growth while enhancing service in the world's guest services supply chain. The Company's customers include the world's leading airlines, railways, ferries, hotels, caterers, and commissaries. GuestLogix is publicly traded on the TSX Venture Exchange in Toronto (Symbol GXI). For more information please visit www.guestlogix.com.
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Contact:
Daniel Thompson, Director of Marketing, GuestLogix
416-849-1566
dthompson@guestlogix.com

The TSX Venture Exchange has neither approved nor disapproved the content of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our 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 24, 2007 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.