Guestlogix Inc Com (GUESF) 0.0001 $GUESF
GuestLogix Closes Sale of Its OpenJaw Business to TravelSky
Marketwire Canada - Fri May 06, 8:32AM CDT
TORONTO, ONTARIO--(Marketwired - May 6, 2016) - 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 transactions fees and expenses.
Mooreland Partners Advises TravelSky Technology on its Acquisition of OpenJaw Technologies from GuestLogix, Inc.
PR Newswire Europe - Thu Apr 07, 10:45AM CDT
Mooreland Continues as Active Advisor to the Travel and Hospitality Tech Market; Signature Transaction for Mooreland's Emerging China Cross-Border Practice
GuestLogix Inc. Proposes to Sell Its OpenJaw Business to TravelSky and Announces Cease Trade Order
Marketwired - Tue Apr 05, 11:31PM CDT
- 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-approved sale and investment solicitation process ("SISP" conducted under the Companies' Creditors Arrangement Act ("CCAA" under the supervision of PricewaterhouseCoopers Inc., the court appointed monitor (the "Monitor" and the direction of the Board of Directors of the Company with the assistance of Canaccord Genuity Corp., the financial advisor to the Company. The Company continues to operate its business under the direction of the Board of Directors of the Company.
GuestLogix Announces Update on CCAA Process, Determination Regarding 2015 Annual Financial Statements and Completion of Special Committee Review
Marketwired - Mon Mar 14, 6:43PM CDT
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 financial statements for the period ended December 31, 2015 (the "2015 Annual Financials". GuestLogix also announced today that the independent committee of its directors formed on December 16, 2015 (the "Special Committee" has concluded its internal review and provided its recommendations to the Company's board of directors (the "Board".
GXI.TO: 0.09 (-0.01)
GuestLogix Files for CCAA Protection
Marketwired - Tue Feb 09, 10:23AM CST
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.
GXI.TO: 0.09 (-0.01)
IIROC Trade Halt - GuestLogix Inc.
Newsfile Corp - Tue Feb 09, 8:33AM CST
The following issues have been halted by IIROC:
GuestLogix Signs Multi-Year Renewal Agreement with Sun Country Airlines Including Next-Generation Mobile Technology Upgrade
Marketwired - Wed Feb 03, 7:02AM CST
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 a 3+ year renewal agreement with Sun Country Airlines to continue supporting the US-based carrier's inflight food and beverage retailing. Under the terms of the agreement, GuestLogix will also replace the carrier's traditional POS handheld devices with its next-generation iOS-version retail platform and payment peripherals for use with the iPhone 6 Plus. This fleet-wide technology refresh will also be accompanied by continued deployment of the Company's Global Payment Gateway(TM) to provide added fraud management capabilities. This signing demonstrates GuestLogix' commitment to innovation and customer satisfaction, and protects the Company's footprint in the Americas.
GXI.TO: 0.09 (-0.01)
GuestLogix Provides Corporate Update
Marketwired - Tue Jan 19, 4:01PM CST
GuestLogix Inc. ("GuestLogix" or the "Company" (TSX: GXI), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, has released an update regarding its previously disclosed forbearance agreements. The Company continues to have discussions with its senior lender and subordinated lenders (collectively, the "Lenders" which had agreed to forbear from taking any steps to demand repayment of the amounts owning under the Company's US$7.5 million senior revolving credit facility and CDN$9 million subordinated term credit facility (collectively, the "Credit Facilities) under agreements that expired on December 31, 2015.
GXI.TO: 0.09 (-0.01)
GuestLogix Extends Forbearance Agreements
Marketwired - Thu Dec 24, 4:06PM CST
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, today announced that it has reached agreements (the "Forbearance Agreements" with its senior lender and its subordinated lenders (collectively, the "Lenders" in respect of its US$7.5 million senior revolving credit facility and its CDN$9 million subordinated term credit facility (collectively, the "Credit Facilities" to extend the previously announced forbearance agreements entered into on December 1, 2015 as a result of the previously disclosed breach by the Company of its EBITDA covenant with the Lenders. Under the Forbearance Agreements, among other things: (i) the Lenders agree to forbear from taking any steps to demand repayment of the amounts owing under the Credit Facilities until December 31, 2015; (ii) the Company agrees not to make any payments of interest on the Company's 7.00% extendible convertible unsecured subordinated debentures (the "Convertible Debentures" or payments under the share purchase agreement dated December 2, 2014 pursuant to which the Company purchased the shares of OpenJaw Technologies Limited; and (iii) the Company agrees to replace the warrants to purchase an aggregate of 2,400,000 common shares of the Company ("Common Shares" previously issued to its Subordinated Lenders in connection with the original subordinated term credit facility in order to change the exercise price per share from $0.29 to $0.129 (being greater than the 5-day volume-weighted average price of the Common Shares preceding the date of execution of the Forbearance Agreement). The replacement warrants shall be issued on January 11, 2016, being the tenth business day following this announcement. All other terms of the warrants remain unchanged. The 2,400,000 Common Shares issuable upon exercise of the warrants would represent 1.75% of the total issued and outstanding Common Shares. The Company is at arm's length with the Lenders.
GXI.TO: 0.09 (-0.01)
GuestLogix Closes Sale of Its OpenJaw Business to TravelSky
Marketwire Canada - Fri May 06, 8:32AM CDT
TORONTO, ONTARIO--(Marketwired - May 6, 2016) - 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 transactions fees and expenses. Mooreland Partners Advises TravelSky Technology on its Acquisition of OpenJaw Technologies from GuestLogix, Inc.
PR Newswire Europe - Thu Apr 07, 10:45AM CDT
Mooreland Continues as Active Advisor to the Travel and Hospitality Tech Market; Signature Transaction for Mooreland's Emerging China Cross-Border Practice
GuestLogix Inc. Proposes to Sell Its OpenJaw Business to TravelSky and Announces Cease Trade Order
Marketwired - Tue Apr 05, 11:31PM CDT
- 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-approved sale and investment solicitation process ("SISP" conducted under the Companies' Creditors Arrangement Act ("CCAA" under the supervision of PricewaterhouseCoopers Inc., the court appointed monitor (the "Monitor" and the direction of the Board of Directors of the Company with the assistance of Canaccord Genuity Corp., the financial advisor to the Company. The Company continues to operate its business under the direction of the Board of Directors of the Company. GuestLogix Announces Update on CCAA Process, Determination Regarding 2015 Annual Financial Statements and Completion of Special Committee Review
Marketwired - Mon Mar 14, 6:43PM CDT
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 financial statements for the period ended December 31, 2015 (the "2015 Annual Financials". GuestLogix also announced today that the independent committee of its directors formed on December 16, 2015 (the "Special Committee" has concluded its internal review and provided its recommendations to the Company's board of directors (the "Board". GXI.TO: 0.09 (-0.01)
GuestLogix Files for CCAA Protection
Marketwired - Tue Feb 09, 10:23AM CST
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. GXI.TO: 0.09 (-0.01)
IIROC Trade Halt - GuestLogix Inc.
Newsfile Corp - Tue Feb 09, 8:33AM CST
The following issues have been halted by IIROC:
GuestLogix Signs Multi-Year Renewal Agreement with Sun Country Airlines Including Next-Generation Mobile Technology Upgrade
Marketwired - Wed Feb 03, 7:02AM CST
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 a 3+ year renewal agreement with Sun Country Airlines to continue supporting the US-based carrier's inflight food and beverage retailing. Under the terms of the agreement, GuestLogix will also replace the carrier's traditional POS handheld devices with its next-generation iOS-version retail platform and payment peripherals for use with the iPhone 6 Plus. This fleet-wide technology refresh will also be accompanied by continued deployment of the Company's Global Payment Gateway(TM) to provide added fraud management capabilities. This signing demonstrates GuestLogix' commitment to innovation and customer satisfaction, and protects the Company's footprint in the Americas.
GXI.TO: 0.09 (-0.01)
GuestLogix Provides Corporate Update
Marketwired - Tue Jan 19, 4:01PM CST
GuestLogix Inc. ("GuestLogix" or the "Company"
(TSX: GXI), the leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, has released an update regarding its previously disclosed forbearance agreements. The Company continues to have discussions with its senior lender and subordinated lenders (collectively, the "Lenders" which had agreed to forbear from taking any steps to demand repayment of the amounts owning under the Company's US$7.5 million senior revolving credit facility and CDN$9 million subordinated term credit facility (collectively, the "Credit Facilities) under agreements that expired on December 31, 2015. GXI.TO: 0.09 (-0.01)
GuestLogix Extends Forbearance Agreements
Marketwired - Thu Dec 24, 4:06PM CST
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, today announced that it has reached agreements (the "Forbearance Agreements" with its senior lender and its subordinated lenders (collectively, the "Lenders" in respect of its US$7.5 million senior revolving credit facility and its CDN$9 million subordinated term credit facility (collectively, the "Credit Facilities" to extend the previously announced forbearance agreements entered into on December 1, 2015 as a result of the previously disclosed breach by the Company of its EBITDA covenant with the Lenders. Under the Forbearance Agreements, among other things: (i) the Lenders agree to forbear from taking any steps to demand repayment of the amounts owing under the Credit Facilities until December 31, 2015; (ii) the Company agrees not to make any payments of interest on the Company's 7.00% extendible convertible unsecured subordinated debentures (the "Convertible Debentures" or payments under the share purchase agreement dated December 2, 2014 pursuant to which the Company purchased the shares of OpenJaw Technologies Limited; and (iii) the Company agrees to replace the warrants to purchase an aggregate of 2,400,000 common shares of the Company ("Common Shares" previously issued to its Subordinated Lenders in connection with the original subordinated term credit facility in order to change the exercise price per share from $0.29 to $0.129 (being greater than the 5-day volume-weighted average price of the Common Shares preceding the date of execution of the Forbearance Agreement). The replacement warrants shall be issued on January 11, 2016, being the tenth business day following this announcement. All other terms of the warrants remain unchanged. The 2,400,000 Common Shares issuable upon exercise of the warrants would represent 1.75% of the total issued and outstanding Common Shares. The Company is at arm's length with the Lenders. GXI.TO: 0.09 (-0.01)
