VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

October 21, 2015 08:45 ET

Spark & Cannon Awarded Two New Australian Recording and Transcription Contracts, Additional Transcription Contract

MARKHAM, ONTARIO--(Marketwired - Oct. 21, 2015) - VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) is pleased to announce that Spark & Cannon, VIQ's Australia-based reporting and transcription services and technology distributor, has been awarded two new ongoing digital audio and transcription services contracts, as well as a third new contract for transcription services.

The first contract is expected to run for a period of six months and incorporates both fixed room and regional recording assignments in the state of South Australia. Spark & Cannon was selected based on their enviable reputation in the Australian marketplace. The second contract will span Australia and is expected to last for twelve months or more.

Spark & Cannon will provide both digital recording and transcription services for the two new contracts, utilizing VIQ's sophisticated software to capture and manage the proceedings as well as efficiently produce and deliver the transcript within one hour of the adjournment of the proceedings. VIQ's NetScribe transcription workflow will be utilized to securely distribute and manage the audio and transcript production process.

"Having the power of VIQ's sophisticated digital software from capture right through to transcription allows Spark & Cannon to provide our customers with a higher level of service," said Matthew Fowler, Managing Director of VIQ Spark & Cannon. "Using a single integrated workflow maximizes our efficiency, allowing us to service our customers with timelines and quality that go beyond their expectations."

"These two new wins demonstrate Spark & Cannon's position as the leading turnkey technology and services solution provider for reporting and transcription services in Australia," said Sebastien Paré, President and CEO of VIQ Solutions. "Spark & Cannon are the champions of VIQ's technology in Australia and I'm delighted to see them maximizing their usage of our sophisticated software to provide top levels of service to their increasingly broad client base. This additional layer of technology service revenue, in addition to their regular transcription revenue stream, will continue to boost Spark & Cannon's growth for the remainder of 2015 and beyond."

Spark & Cannon has also recently been awarded a third new contract for transcription services. The transcription contract is with an Australian federal government agency and will run from November 2015 to February 2018.

For more information on what is making the news at VIQ Solutions, please visit our website at www.viqsolutions.com/news.

About VIQ Solutions Inc.

VIQ Solutions is the global expert in digital recording technology. With a better approach to the collection, storage and management of digital audio, video and files, we help increase efficiency, improve security and reduce costs for courts, law enforcement agencies, insurance companies, health providers, and legislatures around the world. We've got the technology, the experience and the expertise to efficiently manage country-wide installations of hundreds of rooms, with hundreds of terabytes of data. Managing digital media evidence is what we do, and we do it better than anyone else.

For more information about VIQ Solutions, please visit www.viqsolutions.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

Certain statements included in this news release constitute forward looking statements or forward looking information under applicable securities legislation. Such forward looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward looking statements or information in this news release include, but are not limited to, the expected duration and scope of the contracts.

The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Contact Information

  • Sebastien Pare
    President and Chief Executive Officer
    VIQ Solutions
    (905) 948-8266 ext. 221
    spare@viqsolutions.com