Points Announces Departure of Chief Financial Officer
TORONTO, Nov. 13, 2015 (GLOBE NEWSWIRE) -- Points (TSX:PTS) (Nasdaq:PCOM), today announced that Anthony Lam, Vice President and Chief Financial Officer will depart the Company effective November 20, 2015, in order to pursue other opportunities.
Rob MacLean, Chief Executive Officer, said, "Since joining Points in 2007, Anthony has been an important member of the team. Anthony has led our finance and accounting organization, including legal and investor relations, during a period of rapid growth and played a central role in taking the company public on NASDAQ. I want to thank Anthony for his dedication and commitment to Points and wish him continued success in his future endeavors."
Points has initiated a comprehensive search for a permanent replacement and has engaged an interim CFO to ensure an orderly transition period.
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 more than 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 7th largest Canadian software company and the 30th largest Canadian technology company by the 2015 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.
CONTACT: Points Investor Relations Addo Communications Laura Bainbridge email@example.com; 310-829-5400 Points Media Relations Walker Sands Communications Meghan Spork Meghan.firstname.lastname@example.org 312-241-1474