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  PRESS RELEASE
 
Gift Certificate Center to participate in pointsxchange™ -
pointsxchange adds key new retail exchange option
  Toronto, November 4, 2002 - Points International Ltd (TSX Venture Exchange: PTS) and Gift Certificate Center, a Hallmark company, today announced a formal agreement for the Premiere Choice Award® program to participate in pointsxchange™, the world’s first online loyalty program currency exchange. Points International adds an important relationship with the most established and largest provider of gift certificates to the business market.

“We are pleased to welcome Gift Certificate Center to our ever expanding family of pointsxchange partners,” said Rob MacLean, Chief Executive Officer of Points International. “The agreement with Gift Certificate Center adds great retail options that build the power of pointsxchange and offer more value to the 100 million plus members of our loyalty program partners.”

The agreement provides a framework for consumers to exchange other participating pointsxchange currencies for Premiere Choice Awards. A leading corporate recognition, reward and incentive tool, the Premiere Choice Award is redeemable for gift certificates to more than 400 of the nation's leading retailers, restaurants, entertainment companies, online merchants and more. Participating retailers include Bloomingdale’s, CDNow, Cooking.com, Macy’s, Marriott® Hotels, Resorts and Suites and The Home Depot®.

“As a leading provider of gift certificate incentives, we’re excited to partner with a company that's an innovator in the loyalty and incentive industry,” said Ron Mattson, Vice President of Strategic Sales at Gift Certificate Center. “Our new relationship helps Points.com account holders tap into their loyalty program currency and in minutes give themselves, family or friends gift certificates to our list of 400 merchant partners, including many leading national retail chains for electronics, home improvement, fashion and dining.

Twenty-nine leading loyalty programs are now participating in pointsxchange, including Air Canada, American Airlines, Cathay Pacific Airways, Six Continents Hotels, Delta Air Lines, Alaska Airlines, America West Airlines, GiftCertificates.com, Imperial Oil (Esso Extra), FTD.COM, and Sprint.

To access this new pointsxchange offering, consumers can visit www.points.com and click on “Gift Certificate Center, a Hallmark company.”

More about Points International Ltd and Points Solutions

Points International offers innovative solutions to enhance the loyalty experience. Through a portfolio of Points Solutions, based on our proprietary technology platform, we’re forging rewarding partnerships with the world’s leading loyalty players to deliver compelling value propositions.

The cornerstone of our unique loyalty program asset management system is pointsxchange™ - the world’s first loyalty program currency exchange that allows consumers to earn rewards faster by making all of their points count. Our growing portfolio of custom solutions also includes the innovative pointspurchase™ solution, which powers the online sale of miles and points to members of leading loyalty programs including American Airlines, Air Canada, America West Airlines, Alaska Airlines, Cathay Pacific Airways and US Airways. Points International is also developing a pointspurchase solution for Six Continents Hotels.

Points Solutions, built on leading edge technology developed and managed in-house, are internationally marketed to travel providers and loyalty programs through a distribution alliance with Sabre, the leading provider of technology, distribution and marketing services for the travel industry.

Based in Toronto, Points International’s shares trade on the TSX Venture Exchange under the stock symbol PTS. Points.com Inc. is a wholly owned subsidiary of Points International Ltd. For more information, please visit us at www.points.com.

More about Gift Certificate Center

Headquartered in Minneapolis, Minn., Gift Certificate Center, a Hallmark company, is the most established and largest provider of gift certificates to the business market. The Premiere Choice Award, its corporate recognition, reward and incentive tool, combines the convenience of Internet shopping with excellent service to promptly deliver personalized awards redeemable for gift certificates from more than 400 of the nation's leading retailers, restaurants, entertainment companies, online merchants and more.

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For more information please visit www.points.com or contact:

Moira Wright
Points International Ltd
416-596-3257
moira.wright@points.com


HELP TIPS
- Headquartered in Minneapolis, Minn., Gift Certificate Center, a Hallmark company, is the most established and largest provider of gift certificates to the business market. The Premiere Choice Award, its corporate recognition, reward and incentive tool, combines the convenience of Internet shopping with excellent service to promptly deliver personalized awards redeemable for gift certificates from more than 400 of the nation's leading retailers, catalogs, restaurants, travel providers, entertainment companies and more.

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