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

TORONTO, Jun 26, 2008 (Canada NewsWire via COMTEX) -- Company Schedules Second Quarter 2008 Conference Call for

Thursday, August 7, 2008 at 5:00 p.m. ET

Points International Ltd., ("Points") - (PTSEF)(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
........completed.
....

"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 MacLean.

"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
........accessible.
....

"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 capability.

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 http://phx.corporate-ir.net/phoenix.... .