AirIQ Inc.
TSX VENTURE : IQ.H

AirIQ Inc.

February 11, 2010 17:09 ET

AirIQ Listed on TSX Venture Exchange Announces Management Changes

TORONTO, ONTARIO--(Marketwire - Feb. 11, 2010) - AirIQ Inc. ("AirIQ") (TSX VENTURE:IQ.H), a leader in Wireless Location-Based Services, specializing in Telematics, today announced that its common shares will be listed on the TSX Venture Exchange ("TSX Venture") with effect as of Friday, February 12, 2010 under the symbol "IQ".

The Company has met the requirements to list its common shares on the TSX Venture as a Tier 2 company, and the reactivation from the NEX to the TSX Venture has been approved. The Company's common shares will commence trading on the TSX Venture on the morning of Friday, February 12, 2010 under the symbol "IQ".

In conjunction with the reactivation, the Company is announcing the appointment of Donald Gibbs as its President and Chief Executive Officer, removing the interim classification from his title, and the appointment of Michael Robb as Chief Financial Officer of the Company.

Mr. Robb has supported the Company's finance department for several years, and AirIQ is very pleased that he has accepted this appointment. Mike is a Certified Management Accountant with more than twenty years experience working in multiple industry sectors. He has held the position of Chief Financial Officer of various public companies, including ADB Systems International, Kids Futures Inc. and Viking Gold Exploration Inc.

About AirIQ

AirIQ currently trades on the NEX, a separate board of the TSX Venture Exchange under the symbol IQ.H. A leader in Wireless Location Services specializing in Telematics, AirIQ has offices in Pickering, Ontario, Canada. The Company offers a suite of location based services (LBS) under a 'software as a service' (SaaS) model that yields recurring revenues for each device deployed. AirIQ delivers services to two primary markets: Commercial Fleets and dealers that service Consumer segments. AirIQ provides vehicle owners with the ability to monitor, manage and protect their mobile assets. Services include: instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts and vehicle disabling and unauthorized movement alerts. Management believes that AirIQ maintains a dominant market share in North America in the rental vehicle fleets markets. For additional information on AirIQ or its products and services, please visit the Company's website at www.airiq.com.

Forward-looking Statements

This news release contains forward-looking information based on management's best estimates and the current operating environment. These forward-looking statements are related to, but not limited to, AirIQ's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains statements with words such as "hope", "goal", "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including AirIQ's perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements are as of the date which such statement is made and are subject to a number of known and unknown risks, uncertainties and other factors, which could cause actual results or events to differ materially from future results expressed, anticipated or implied by such forward-looking statements. Such factors include, but are not limited to, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Therefore, actual outcomes may differ materially from those expressed in such forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Other than as may be required by law, AirIQ disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of such information, future events or otherwise.

For additional information on AirIQ or its products and services, please visit the Company's website at www.airiq.com.

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

Contact Information

  • AirIQ Inc.
    Donald Gibbs
    President and CEO
    (905) 831-6444, Ext. 4255
    dgibbs@airiq.com