AirIQ Inc.

AirIQ Inc.

March 25, 2010 16:45 ET

AirIQ Expands Consumer Solution MobileIQ™ Amends Share Purchase Warrants

TORONTO, ONTARIO--(Marketwire - March 25, 2010) - AirIQ Inc. ("AirIQ") (TSX VENTURE:IQ), a leader in Wireless Location- Based Services, specializing in Telematics today announced the expansion of it's consumer driven, GPS based, safety and tracking solution, MobileIQ™.

In response to society's increasing awareness and demand for location based safety services, AirIQ has re-launched and re-priced its MobileIQ solution for use by the security conscious consumer. AirIQ is a proven leader in GPS based tracking solutions and has a substantial subscriber base utilizing its solution on a daily basis throughout North America. The Company intends to expand its network of dealers to further market and sell its affordable, self-use system, MobileIQ™.

MobileIQ™ boasts a web-based, feature rich set of services developed for consumers such as vehicle locating on demand, remote starter disable, unauthorized movement notification and excessive speed reporting. "With the growing importance and the Company's commitment to driver safety, AirIQ is pleased to offer an extremely economical solution to consumers to monitor driver behaviour coupled with vehicle protection. Parents may receive real time notification when their teen is driving at unsafe speeds and access their vehicle's location from the internet or phone at any time." stated Don Gibbs, Chief Executive Officer of AirIQ.

AirIQ also provides commercial based tracking solutions in addition to its consumer offering, MobileIQ. Please contact AirIQ for more information by e-mail at or by toll free telephone at 1-866-402-4748.

AirIQ also announced the amendment of 5,333,333 share purchase warrants (the "Warrants") issued to Mosaic Capital Partners L.P. ("Mosaic") on November 30, 2009. The Warrants were amended to increase the term of the warrants from 1 year to 5 years and to increase the purchase price of the warrants during years 2 through 5 from $0.05 per warrant to $0.10 per warrant. Pursuant to the terms of the Subscription Agreement entered into between AirIQ and Mosaic in November 2009, the parties agreed to make this adjustment to the Warrants in the event that AirIQ became listed on the TSX Venture Exchange (the "TSXV"). As previously announced AirIQ's shares were listed on the TSXV on February 12, 2010 and, as such, the Company obtained TSXV approval for the amendment on March 9, 2010. Except as described above, all other terms of the Warrants are unchanged.

About AirIQ

AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. 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

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

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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