AirIQ Inc.
TSX : IQ

AirIQ Inc.

September 04, 2009 08:00 ET

AirIQ Receives Approval to List Common Shares on NEX

Reviews Financing and Strategic Alternatives

TORONTO, ONTARIO--(Marketwire - Sept. 4, 2009) - AirIQ Inc. ("AirIQ") (TSX:IQ), a leader in Wireless Location-Based Services, specializing in Telematics, today announced that it has received approval to list its common shares for trading on the NEX following its voluntarily delisting from the Toronto Stock Exchange ("TSX"). At the open of markets on September 9, 2009, the Company's common shares will be listed for trading on the NEX under the symbol "IQ.H"

As previously announced, the Company received conditional approval to list its shares on the TSX Venture Exchange ("TSV") subject to certain conditions, including the completion of a private placement financing in a minimum amount of $450,000. The Company has decided to defer its application to the TSV and to list on the NEX in order to have the time to properly review and assess financing and strategic alternatives that may be available to the Company.

NEX is a separate board of the TSV for companies previously listed on the TSV or TSX and provides a forum for the trading of publicly listed companies while they assess and potentially undertake transactions. Following the outcome of such possible transactions, the Company may apply to transfer to the TSV or TSX, or remain as an NEX listed company.

AirIQ's management and its Board of Directors intend to explore potential opportunities with a view to delivering maximum value to its shareholders. However, there is no assurance that a transaction will take place.

About AirIQ

AirIQ trades on the Toronto Stock Exchange (the "TSX") under the symbol IQ. A leader in Wireless Location Services specializing in Telematics, AirIQ has offices in Pickering, Ontario, Canada, and in San Diego, California, United States. 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 three primary markets: Commercial Fleets; dealers that service Consumer segments; and Marine Fleets (fisheries and workboat). AirIQ provides vehicle and vessel 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 three segments, namely, rental vehicle fleets, regulated fisheries, and marine workboat 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 "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.

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