VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

April 27, 2006 16:40 ET

VIQ Solutions Announces Private Placement

MARKHAM, ONTARIO—-(Marketwire – April 27, 2006) - VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) is pleased to announce, subject to final approval of the TSX Venture Exchange, that it has completed a non-brokered private placement financing of 3,090,000 common shares at $0.19 per share for aggregate gross proceeds of $587,100. Proceeds of the private placement will be used for general working capital purposes.

The securities, issued under the private placement to institutional and accredited investors, are subject to a four month resale restriction that remains in effect until August 12, 2006.

About VIQ Solutions Inc.

VIQ Solutions is recognized as a global provider in the digital audio industry with innovative product and service-based solutions for voice-driven systems in the legal, medical, business, and government industries. VIQ Solutions provides an integrated range of digital record workflow solutions, including digital audio and video capture, workflow management software, transcription services, interactive electronic scheduling, and case management integration, all from one central, secure database.

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 Inc.'s 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 those factors detailed from time to time in filings made by VIQ Solutions Inc. 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 Inc. does not intend and does not assume any obligation to update these forward-looking statements.

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