Dec 16 (Reuters) - GuestLogix Inc GXI.TO :
* Announces internal review of its accounting policies
* Preliminary review initiated by ceo,board revealed that co may not have been
following proper revenue recognition accounting policies
* Formed an independent committee of its directors to supervise a review of the
company's historical financial statements
* Review could result in the company being required to restate any of its
financial statements
* Committee will also be considering the adequacy of the company's internal
controls
* Committee is being advised by external counsel which has engaged deloitte llp
to assist in the review
* Too early to determine precise amounts or effect of issues that have been
identified, preliminary review indicates that they are material
* Rpt-guestlogix announces internal review of its accounting policies
* Source text for Eikon ID:nMKWkjCLMa
* Further company coverage GXI.TO