AirIQ Inc.
TSX : IQ

AirIQ Inc.

October 31, 2005 17:56 ET

Mr. Ki Nam Resigns from AirIQ's Board of Directors

TORONTO, ONTARIO--(CCNMatthews - Oct. 31, 2005) - AirIQ Inc. (TSX:IQ), a leader in Global Wireless Security specializing in Telematics services, today announced that Ki Nam has resigned from its Board of Directors due to the workload of his other interests.

Ki Nam is the controlling member of ACP, LLC, the former owner of the Aircept assets, which were acquired by AirIQ in June of 2004, making Mr. Nam AirIQ's largest shareholder.

Mr. Peter Bradshaw, Chairman states, "I wish to thank Mr. Nam for his contribution to the Board and wish him strong success in his other endeavours."

AirIQ is in the process of identifying candidates to fill the open seat on the Board of Directors.

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 Telematics. Telematics is the name given to information and control messages sent wirelessly to and from vehicles and vessels. AirIQ's services are offered to five primary markets: Commercial Fleets; Consumer; Vehicle Finance; Indirect Distribution; 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, 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 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. 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.

Contact Information

  • AirIQ Inc.
    Mary-Catherine Telemaque
    Manager, Corporate Communications
    (905) 831-6444, Ext. 4326
    mctelemaque@airiq.com