VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

February 26, 2008 08:30 ET

VIQ Solutions Negotiating for a Multi-Year Supply Contract

MARKHAM, ONTARIO--(Marketwire - Feb. 26, 2008) - VIQ Solutions Inc. ("VIQ" or the "Corporation") (TSX VENTURE:VQS) announces that the Corporation is in late-stage negotiations with a third party respecting a multi-year contract to provide digital audio recording and management software into multiple locations. The arrangement remains subject to a number of material conditions. If awarded the business, VIQ intends on implementing its enterprise-level Encompass Server solution to provide the digital audio recording and management services required by the customer. Encompass Server provides a redundant, secure database solution with built-in integration with the customer's existing systems.

VIQ expects the outstanding conditions to the arrangement to be satisfied and a final decision regarding the awarding of the contract to be made within the next 60 days. Further details will be announced by VIQ in due course.

About VIQ Solutions Inc.

VIQ 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 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.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

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