GuestLogix Reports Revenue Growth of 56% in Fiscal 2008

TORONTO, ONTARIO, Mar 30 (MARKET WIRE) --
GuestLogix Inc. (TSX VENTURE: GXI), the leading provider of on-board
retail solutions to the airline industry, announces its operational and
financial results for the three- and 12-month periods ended November 30,
2008. All results are reported in Canadian dollars.

Fiscal 2008 Highlights

- Increased revenue by 56% year-over-year to $8.5 million

- Grew monthly revenue to $1.2 million in November 2008, up from $0.4
million in November 2007

- Reached a total of 24 airline customers under agreement

- Achieved global airline market share by passenger trip of 25%

- Signed channel partnership agreements with:

-- Newrest Group's ILC and Saudi Arabian Airlines Catering Company
("SAAC") to deploy GXI's platform on-board SAAC's airline customers

-- Thales to integrate GXI's Mobile Virtual Store(TM) technology with
Thales' TopSeries Inflight Entertainment System

- Signed merchandising agreements with:

-- Broadway Inbound, to offer Broadway tickets on flights to New York City

-- TicketOps to offer attraction tickets on North American flights

-- SkyMall to deliver an on-board catalogue shopping service

- Increased investment in corporate infrastructure, deployment activities
and merchandising initiatives to support continued revenue growth and
position the Company to generate positive cash from operations in future
periods

"In fiscal 2008, the airline industry's trend toward driving ancillary
revenue growth via on-board retailing gained momentum," said Tom
Douramakos, President and CEO of GuestLogix. "Through our investment in
the business, GuestLogix is quickly becoming the standard for enabling
this industry-wide shift. We more than doubled our number of passenger
trips under agreement, tripled our deployed customer base and achieved a
56% increase in revenue compared to fiscal 2007. In addition, we signed
three merchandising agreements and developed our In-Flight Box Office
marketing campaign, positioning the Company to increase revenue per
passenger trip over the long-term."

Key Metrics
(All figures presented on an annualized basis) F2008 F2007

Passenger trips under agreement at year end 703 million 286 million

Passenger trips deployed at year end 395 million(1) 123 million

Fiscal 2008 Year End and Q4 Financial Highlights

12 months 12 months Three months Three months
ended ended ended ended
Nov 30, Nov 30, Nov 30, Nov 30,
2008 2007 2008 2007

Revenue $8,473,865 $5,430,154 $ 2,826,010 $1,577,825
EBITDA(2) $(1,314,769) $32,377 $(1,048,729) $(290,136)
Net Income (Loss) $(4,270,635) $(3,720,483) $(1,961,219) $(1,051,301)
Net Income (Loss)/Share $(0.08) $(0.11) $(0.03) $(0.02)

As at November 30, 2008 As at November 30, 2007
Cash and Cash
Equivalents $2,650,099 $5,989,024
Including Restricted
Cash(1) $5,545,199 $7,014,414

Fiscal 2009 Outlook

Mr. Douramakos added: "For fiscal 2009, our strategy is three pronged:
one, grow our passenger trip footprint by adding airline customers and
further penetrating the rail sector; two, expand our deployed customer
base; and three, increase the number and value of transactions by making
more products and services available for sale on-board. These initiatives
position us to achieve our goals of one billion passenger trips under
agreement, $2.0 million of monthly revenue and positive EBITDA growth. We
believe we have the market leadership and team to deliver on these
objectives."

Fiscal 2009 Year-to-date Highlights

- Signed agreements with three major U.S.-based airlines

- Won contract with a major European air carrier

- Went live on-board first railway customer in North America

- Completed deployment with the fifth largest U.S. airline, US Airways

- Commenced deployment on-board one of Europe's largest airlines

- Signed an agreement with a major U.S. theme park operator to market and
sell tickets on-board flights to the U.S.

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

GuestLogix plans to release its operational and financial results for Q1
F2009 during the week of April 20, 2009. At that time, GuestLogix will
host an investor conference call to discuss its Q1 F2009 performance as
well as its F2009 outlook.

(1) Variation from investor update issued January 21, 2009, as U.S
Airways was initially included in the year end deployment count, but
deployment was completed immediately subsequent to year end.

(2) See GuestLogix' MD&A and Financial Statement filed on March 30, 2009,
for complete definition.

About GuestLogix

GuestLogix is the leading provider of on-board retail technology and
solutions to the passenger travel industry. Through its de facto standard
Mobile Virtual StoreTM platform, the Company provides operators the tools
and products to become successful on-board retailers, enhance service and
drive ancillary revenue growth. With a customer base comprised of seven
of the top 10 global airlines, the Company maintains agreements to serve
nearly 30 per cent of the global airline passenger traffic through its
technology platform. Additional information on the Company can be found
at 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 March 30, 2009 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.

Copyright 2009 GuestLogix. All Rights Reserved. All other trademarks and
trade names are the property of their respective owners.

Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
GuestLogix
Brian Reddy
VP Corporate Development & CFO
416-642-0395 ext. 7053
breddy@guestlogix.com
www.guestlogix.com

The Equicom Group
Kristen Dickson
Investor Relations
416-815-0700 ext. 273
kdickson@equicomgroup.com

The Equicom Group
Dave Mason
Investor Relations
416-815-0700 ext. 237
damson@equicomgroup.com

Copyright 2009, Market Wire, All rights reserved.

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