AirIQ Inc.
TSX VENTURE : IQ

AirIQ Inc.

January 14, 2011 16:15 ET

AirIQ Announces Change of Financial Year End

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2011) - AirIQ Inc. ("AirIQ" or "the Company") (TSX VENTURE:IQ), a supplier of Wireless Location-Based Services (LBS), today announced that it has changed its financial year end from December 31st to March 31st.

The primary reason for the change is to better coincide the year end with the Company's customers demand for product. As a result of this change, the Company will have a transitional 15-month financial year ending March 31, 2011. The Company will file unaudited interim consolidated financial statements for the period ended December 31, 2010. Further details regarding the change in financial year, including the Company's interim reporting periods, are available in AirIQ's Notice of Change of Financial Year End, a copy of which is available electronically at www.sedar.com.

About AirIQ

AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ's office is located in Pickering, Ontario, Canada. The Company offers a suite of location based services (LBS) that generate recurring revenues from 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. 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.

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