Pending Sale of Open Jaw PieceGuestLogix Inc. Proposes to Sell Its OpenJaw Business to TravelSky and Announces Cease Trade Order TORONTO, ONTARIO--(Marketwired - April 6, 2016) - - 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. The OpenJaw Transaction is subject to the approval of the Ontario Superior Court of Justice (the "Court"). GuestLogix expects to bring a motion before the Court to obtain the required approvals for the completion of the OpenJaw Transaction. Additional terms of the OpenJaw Transaction will be disclosed as the OpenJaw Transaction progresses, applicable approvals are obtained and the OpenJaw Transaction is completed. Closing of the OpenJaw Transaction is scheduled to occur on or before May 6, 2016 following the approval of the Court as well as satisfaction of certain other conditions.