Points provides business update and calendar of fall investor activities
Business Update ---------------
"Our business activity is on plan and the focused technology enhancement and expense management plans we laid out on
"We are reiterating our current forecast for 2009 revenue of
Fall Investor Conferences ------------------------- Points' management will present at the following investor conferences: - SRA Fall Growth Stock Conference October 19, 2009 -- New York City - Merriman Curhan Ford 2009 Investor Summit November 10, 2009 -- New York City In addition to the conference presentations, management will be available for meetings with institutional investors. ---------------------------------- (1) EBITDA (Earnings (loss) before interest, taxes, amortization and foreign exchange) is considered by management to be a useful measure of performance. EBITDA is not a recognized earnings measure under generally accepted accounting principles.
About Points International Ltd
Points International Ltd. is the owner and operator of Points.com, the world's leading reward program management Web site. The site was named one of the 30 Best Travel Sites in 2008 and 28 Best Travel Sites in 2009 by Kiplinger's. 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, Aeroplan(R), AsiaMiles(TM), British Airways Executive Club, Wyndham Rewards(R), Delta SkyMiles(R) and InterContinental Hotels Group's Priority Club(R) Rewards. Redemption partners include Amazon.com(R) and Starbucks. Points International works in partnership with all loyalty and reward programs active on Points.com. All transactions are fully sanctioned by the program operators. For more information, visit http://www.points.com.
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
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. In particular, the financial outlooks herein assume that current foreign exchange rates remain stable, that Points' partners will fulfill their marketing and promotional commitments, and that Points' in-market products and services will continue to perform along historical growth curves and that transaction rates for newly launched products and services will grow in a manner consistent with the Company's experience with its products in the market. The launch schedule for Epoch is subject to project implementation risks and delays inherent to technology projects. Important factors that could cause actual results to differ materially include the risk factors detailed in Points' other filings with applicable securities regulators, including the factors detailed in Points' Annual Information Form, annual and interim financial statements and the notes thereto. These documents are available at www.sedar.com and www.sec.gov.
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 otherwise.
For further information: Anthony Lam, Chief Financial Officer, Points International Ltd., (416) 596-6382, [email protected]; Alex Wellins or Brinlea Johnson, The Blueshirt Group, (415) 217-7722, [email protected], or [email protected]
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