Points International Provides Business Update and Enhancements to Consumer and GPX Website

    Company Schedules Second Quarter 2008 Conference Call for
    Thursday, August 7, 2008 at 5:00 p.m. ET

    TORONTO, June 26 /CNW/ - Points International Ltd., ("Points") - (OTCBB:
PTSEF, TSX: PTS) - the world's leading loyalty reward solutions provider and
owner of the Points.com portal - today provided a business update and
announced significant enhancements to its consumer website at www.points.com.

    Business Update:

    -   Points anticipates record revenue and strong business metrics for the
        second quarter, ending June 30, 2008.

    -   Points reaffirms full year 2008 guidance.

    -   Distribution of the 'bought deal' secondary offering has been

    "The fact that our second quarter revenue is expected to be a new record
is particularly noteworthy given that our second quarter has historically been
weaker than the first quarter. We are seeing strong growth from our existing
partners, both in the form of new business launched during the first half of
the year, as well as strong performance on our existing products and services.
This momentum, combined with a robust business pipeline and the expansion and
marketing of our Global Points Exchange (GPX) points-swap program in the
second half of 2008, is expected to continue to accelerate traffic growth
across our platform and deliver record results for Points in 2008. We remain
on track to more than double revenues to between $65 and $75 million and
substantially improve profitability in 2008 as compared to 2007," said CEO Rob
    "The recently completed transaction with IAC/Interactive lifted
restrictions, associated with the preferred shares, which enables Points to
pursue a wide range of value added strategic partnerships moving forward,"
commented Stephen K. Bannon, Chairman. "In addition, the transaction had many
other positive attributes including; a much simplified capital structure;
elimination of a senior security and related annual non-cash interest expense
of approximately $1.2 million; increased shareholders equity of $22 million,
which is a key criteria for a more senior listing qualification in the United
States; an additional $2 million, net of costs into treasury, and all with no
dilution to shareholders," concluded Bannon.

    Enhancements to Points.com and GPX Website:

    -   Company expands features, educational tools and search to deliver
        better user experience across multiple loyalty programs.

    -   GPX trade posting activity and interactive features now more

    "We are excited by the initial user reaction to the advanced capabilities
and advantages of our refreshed site at www.points.com. While providing
loyalty management and business services to our partners is the main revenue
driver for our company, we continue to enhance the functionality of the
consumer side of our business. This includes a host of new tools and products,
which sets the stage for continued enhancements to GPX, the first peer-to-peer
trading platform between loyalty programs. We are making it easier for users
to track, manage and realize the value of their loyalty program currencies,
which is especially helpful in today's economic environment," concluded
Christopher Barnard, President.
    The homepage now contains personalized content; in a single view it shows
the member's balance information, GPX trade posting activity and a categorized
list of profiled partners with whom they can interact. Additional Points.com
site changes coming in the next few weeks will include enhanced GPX
functionality with a personalized GPX landing page, GPX trade posting activity
paired with the best available matches, and overall enhanced search

    Second Quarter 2008 Conference Call Information:

    Points International will report financial results and business metrics
for the second quarter 2008 on Thursday, August 7, 2008 at 5:00 p.m. Eastern
Time. To participate in the conference call, investors from the U.S. and
Canada should dial 800-218-0713 ten minutes prior to the scheduled start time.
International callers should dial 303-262-2130. Points will also offer a live
and archived webcast of the conference call, accessible from the "Investor
Relations" section of the company's Web site at

    About Points International Ltd.

    Points International Ltd. is owner and operator of Points.com, the
world's leading reward-program management portal. At Points.com consumers can
Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of
the world's leading reward programs. Participating programs include American
Airlines AAdvantage(R) program, American Express(R) Membership Rewards(R),
Aeroplan(R), AsiaMiles(TM), British Airways Executive Club, Northwest
WorldPerks(R), Wyndham Hotel Group's TripRewards(R), Delta SkyMiles(R), and
InterContinental Hotels Group's Priority Club(R) Rewards. Redemption partners
include Amazon.com(R) and Starbucks.

    Consumer Website: www.points.com
    Corporate Website: www.pointsinternational.com

    Caution Regarding Forward-Looking Statements

    This press release contains or incorporates forward-looking statements
within the meaning of the United States Private Securities Litigation Reform
Act of 1995, as amended, and forward-looking information within the meaning of
Canadian securities legislation (collectively "forward-looking statements").
All statements, other than statements of historical fact are forward-looking
statements. These forward-looking statements include statements relating to
our guidance for 2008 with respect to revenue and EBITDA, statements relating
to our objectives, strategic plans and business development goals, and may
also include other statements that are predictive in nature or that depend
upon or refer to future events or conditions. Such forward-looking statements
can generally be identified by words such as "will", "may", "expects,"
"anticipates," "intends," "plans," "believes," "estimates" or similar
expressions. In addition, any statements that refer to expectations,
projections or other characterizations of future events or circumstances are
forward-looking statements. These statements are not historical facts but
instead represent only Points' expectations, estimates and projections
regarding future events.
    Although Points believes the expectations reflected in such
forward-looking statements are reasonable, the forward-looking statements are
not guarantees of future performance and are subject to important risks and
uncertainties that are difficult to predict. Certain material assumptions or
estimates are applied in making forward-looking statements, and may not prove
to be correct. Known and unknown factors could cause actual results to differ
materially from those expressed or implied in such statements. Important
factors that could cause actual results to differ materially are referred to
in the body of this news release and also include the risks and uncertainties
discussed herein, the matters set forth under "Risks and Uncertainties" or
"Risk Factors" contained in Points' Annual Information Form and Management's
Discussion and Analysis filed with applicable securities regulators and the
factors detailed in Points' other filings with applicable securities
regulators, including the factors detailed in Points' annual and interim
financial statements and the notes thereto. These documents are available at
www.sedar.com and www.sec.gov. Forward-looking statements are provided in this
press release for the purpose of allowing readers to get a better
understanding of Points' business environment. However, readers are cautioned
that forward-looking statements are not guarantees of future performance and
that it may not be appropriate to use such forward-looking statements for any
other purpose.
    The forward-looking statements contained in this press release are made
as at the date of this release and, accordingly, are subject to change after
such date. Except as required by law, Points does not undertake any obligation
to update or revise any forward-looking statements made or incorporated in
this press release, whether as a result of new information, future events or

For further information:

For further information: Alex Wellins or Brinlea Johnson, The Blueshirt
Group, (415) 217-7722, alex@blueshirtgroup.com, brinlea@blueshirtgroup.com

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