Points Announces Long-Term Agreement With United Airlines MileagePlus
December 22 2014 - 3:16PM
- United Airlines MileagePlus joins Points'
Partner Network via a multi-year, multi product agreement - Points
to power United Airlines' Buy, Gift and Transfer program and
Reinstate Miles - Points to acquire assets of Crew Marketing, a
long-time MileagePlus vendor
Points (TSX:PTS) (Nasdaq:PCOM), the global leader in loyalty
currency management, announced today that the Company has entered
into a new long-term principal relationship with United Airlines'
subsidiary MileagePlus. Points has entered into a long term
agreement with United Airlines MileagePlus to power its Buy, Gift
and Transfer and Reinstate Miles, and several other ancillary
products available to MileagePlus members. All programs are
immediately available to MileagePlus members.
"United MileagePlus is one of the largest and most recognized
loyalty programs in the world and we are thrilled to welcome their
95 million worldwide members to our platform," said Rob MacLean,
CEO of Points. "Our partnership with United Airlines MileagePlus
reflects the broadest and most comprehensive strategic relationship
in our history. We have been extremely impressed with the
innovative approach to loyalty that MileagePlus has consistently
demonstrated and are very excited to be working with such a
creative and focused team to continue to bring new and exciting
concepts to market."
In conjunction with this announcement, Points acquired
substantially all of the assets of Crew Marketing International,
Inc., a long-time MileagePlus vendor. Further details will be
provided in a separate release.
Mr. MacLean continued, "We expect a seamless transition of the
core Buy, Gift and Transfer products to our Loyalty Commerce
Platform in the first quarter of 2015. We also look forward to
leveraging our Loyalty Commerce Platform, and Crew's innovative
technology and commercial applications to power additional loyalty
commerce solutions."
"With over 200 products in market with over 50 global loyalty
partners, the Points Loyalty Commerce Platform is among the most
respected worldwide. On the heels of today's United MileagePlus
announcement, Points will have announced or launched over 40
products and added 9 new partners to our Loyalty Commerce Platform
since the beginning of 2014. This substantial progress aside, the
global loyalty market continues to provide significant runway for
future growth. Continuing to add new partners, enhancing
relationships with existing partners, and driving further
innovation and engagement throughout the broader loyalty industry
are expected to be core drivers of our future growth," concluded
MacLean.
About Points
Points, publicly traded as Points International Ltd. (TSX:PTS)
(Nasdaq:PCOM), is the global leader in loyalty currency management.
Via a state-of-the-art loyalty commerce platform, Points provides
loyalty eCommerce and technology solutions to the world's top
brands to enhance their consumer offerings and streamline their
back-end operations.
Points' solutions enhance the management and monetization of
loyalty currencies ranging from frequent flyer miles and hotel
points to retailer and credit card rewards, for more than 50
partners worldwide. Points also manages Points.com, where almost 4
million consumers use the only industry sanctioned loyalty wallet
to not only track all of their loyalty programs but also trade,
exchange and redeem their miles and points. In addition to these
services, Points' unique SaaS products allow merchants and
businesses to reward their customers with points and miles from the
world's largest loyalty brands.
In 2014, Points acquired PointsHound, a hotel booking engine and
loyalty currency aggregator built specifically for frequent
travelers. PointsHound enables loyalty program members to earn
loyalty points for staying in their favorite hotels and also to
earn bonus rewards in the form of airline miles. Members of the
free-to-use site have access to over 150,000 hotels worldwide,
including boutique and non-chain properties.
Points has been widely recognized among the loyalty and
technology communities alike. The Company was named the 4th largest
Canadian software company and the 36th largest Canadian technology
company by the 2014 Branham300 list. For more information on
Points, please visit www.Points.com, follow us on Twitter
(@PointsBiz) or read the Points company blog. For more information
on PointsHound, please visit www.PointsHound.com
Caution Regarding Forward-Looking
Statements
This press release contains or incorporates forward-looking
statements within the meaning of United States securities
legislation, and forward-looking information within the meaning of
Canadian securities legislation (collectively "forward-looking
statements"). These forward-looking statements include, among other
things, future growth opportunities. 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, such 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 actual results may differ materially from those
expressed or implied in such statements. Undue reliance should not
be placed on such statements. In particular, the financial outlooks
herein assume Points will be able to maintain its existing
contractual relationships and products, that such products continue
to perform in a manner consistent with Points' past experience,
that Points will be able to generate new business from our pipeline
at expected margins, our in-market and newly launched products and
services will perform in a manner consistent with the Company's
past experience and we will be able to contain costs. Our ability
to convert our pipeline of prospective partners and product
launches is subject to significant risk and there can be no
assurance that we will launch new partners or new products with
existing partners as expected or planned nor can there be any
assurance that Points will be successful in maintaining its
existing contractual relationships or maintaining existing products
with existing partners. Other important risk factors that could
cause actual results to differ materially include the risk factors
discussed in Points' annual information form, Form-40-F, annual and
interim management's discussion and analysis, and 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.
CONTACT: Addo Communications
Laura Bainbridge, Kimberly Esterkin
laurab@addocommunications.com
kimberlye@addocommunications.com
(310) 829-5400
Cgf S & P500 Inx Ppn (AMEX:PTS)
Historical Stock Chart
From May 2024 to Jun 2024
Cgf S & P500 Inx Ppn (AMEX:PTS)
Historical Stock Chart
From Jun 2023 to Jun 2024