VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

March 30, 2011 17:01 ET

VIQ Commences National Rollout of UK Digital Recording Implementation

National Rollout Phase of Contract Worth Approximately GBP 1.5 Million

MARKHAM, ONTARIO--(Marketwire - March 30, 2011) - VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) is pleased to announce that the Corporation will commence the national rollout of the digital recording software and services project in the United Kingdom previously announced in April 2009.

The national rollout consists of the implementation of VIQ's digital audio recording and management solution for 536 installations in the United Kingdom. Consisting of software, hardware and associated services, this phase of the project is estimated to generate £1.5 million in revenue for VIQ, including approximately £340,000 of service revenue that will be billed over the implementation period.

"We are extremely pleased to commence the national rollout for this prestigious project," said David Outhwaite, President and CEO of VIQ Solutions. "After the success of the early stage implementation ("ESI") phase, the commencement of the national rollout solidifies our reputation as a world leader in digital audio capture and management solutions."

The rollout is scheduled to commence in June of 2011 and will take approximately twelve months to complete. VIQ's Commercial off the Shelf ("COTS") enterprise-level Encompass Server and Workstation solutions will be installed in 96 locations.

The project initially called for VIQ to provide a complete digital audio recording and management solution for approximately 653 fixed and portable installations across the United Kingdom. The early stage implementation phase of the project consisted of 118 installations and was completed in the first quarter of 2010.

About VIQ Solutions Inc.

VIQ Solutions is a global leader in computer-based digital audio and video capture and management. We develop software solutions that capture, digitize, and compress audio and video data, which is securely stored in a multi-tiered server system where it is easily searchable and shareable. Our innovative media processor technology allows users to remotely control audio-video capture in multiple locations from a single satellite location, allowing large scale and complex installations to be managed efficiently by fewer resources. VIQ Solutions' technologies are installed in courts, legislative assemblies, law enforcement and hearing rooms around the world.

Forward-looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this press release, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "will," and "would" and similar expressions are intended to identify forward-looking statements. Such statements reflect VIQ Solutions' current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including the timing, size and scope of the project as well as those factors detailed from time to time in other filings made by VIQ Solutions with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. VIQ Solutions does not intend and does not assume any obligation to update these forward-looking statements except as may be required by applicable securities laws.

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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