GuestLogix Inc. Completes $9 Million Financing and Qualifying Transaction

August 02, 2007

Growthgen Equity II Inc. (TSX-V:GXI), a capital pool company, completed an amalgamation with GuestLogix Inc. which develops, integrates and provides advanced On-Board Retail solutions for the passenger travel industry and related suppliers. The amalgamation constituted Growthgen’s qualifying transaction pursuant to the policies of the TSX Venture Exchange.  Prior to the closing of the amalgamation, GuestLogix completed a $9,040,000 million private placement of subscription receipts to acquire common shares in the capital of the amalgamated entity upon completion of the Qualifying Transaction. Paradigm Capital Inc. and Murphy & Durieu Inc. acted as co-lead agents in respect of the offering.

Wildeboer Dellelce LLP represented Paradigm with a team that included Robert Fonn, Troy Pocaluyko, Geoffrey Cher, Alexandra Vazquez (corporate/securities) and Kevin Fritz (tax).

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