AirIQ Inc.

AirIQ Inc.

February 23, 2007 07:00 ET

AirIQ Announces Board and Management Changes

TORONTO, ONTARIO--(CCNMatthews - Feb. 23, 2007) - AirIQ Inc. (TSX:IQ), a leader in global wireless security, today announced that Mr. Donald E. Simmonds has been appointed Executive Chairman of the Board of Directors of the Company, replacing Peter Bradshaw who is retiring and stepping down from the Board effective immediately.

Mr. Simmonds has been the Chief Executive Officer of the Company for ten years. Assuming the role of Chief Executive Officer of the Company on an interim basis is Mr. Stephen Willey who has been a director of AirIQ since June of 1995, and has most recently been assisting the Company in marketing and sales strategies on a consultant basis. The Board intends to enter into discussions with Mr. Willey to settle the terms upon which Mr. Willey will become the Chief Executive Officer of the Company on a permanent basis.

With Mr. Bradshaw's resignation creating a third vacancy on the Board, the Board of Directors is immediately initiating a process to find replacement Directors.

Peter Bradshaw was one of the founders of, the predecessor to AirIQ, and has been with the Company since 1997. "I would like to thank Peter for his dedication and service to the Company over these many years and his valuable guidance during the expansionary growth period at AirIQ," stated Don Simmonds, "and we wish him much enjoyment in his retirement."

"I am excited about joining AirIQ in this new role and look forward to leading the next growth phase for AirIQ", stated Steve Willey.

The Board of Directors intends to continue with its previously announced review of strategic and financial alternatives.

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 words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. 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 and results may differ materially from those expressed in such forward-looking statements. 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 new information, future events or otherwise.

About AirIQ

AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Global Wireless Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with offices in Lake Forest and San Diego, California, U.S.A. The Company operates as a wireless Internet applications service provider specializing in location-based services. AirIQ's services are offered to four primary markets: Commercial Fleets; Consumer; Vehicle Finance; and, Marine Fleets. AirIQ gives vehicle and vessel owners the abilities to manage and protect their mobile assets. AirIQ's services include: vehicle locating, boundary notification, automated inventory, maintenance reminders, security alerts, vehicle disabling, unauthorized movement alerts and many more features. For additional information on AirIQ or its products and services, please visit the Company's website at

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