VIQ Solutions Inc.
TSX VENTURE : VQS

VIQ Solutions Inc.

February 02, 2010 17:30 ET

VIQ Solutions' Subsidiary Awarded Contract by the Australian Securities and Investment Commission

MARKHAM, ONTARIO--(Marketwire - Feb. 2, 2010) - VIQ Solutions Inc. ("VIQ", "VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) announced today that Spark & Cannon Australasia Pty Limited ("Spark & Cannon"), the Corporation's wholly-owned Australian subsidiary, has entered into a Deed of Standing Offer for the provision of recording and transcription services with the Australian Securities and Investments Commission ("ASIC"), Australia's corporate, markets and financial services regulator.

The deed has a term of two years with two options to extend for an additional year each. The deed, which commenced in January 2010, calls for Spark & Cannon to provide ongoing recording and transcription services to ASIC throughout Australia.

"This is an exciting opportunity for Spark & Cannon," says Gregory Farmer, General Manager of Spark & Cannon. "This national contract along with the recently won national Fair Work Australia contract will provide a true national presence and service offering for Spark & Cannon. As a consequence of being awarded this contract, Spark & Cannon have increased security across all of our office locations."

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.

About Spark & Cannon Australasia Pty Limited

A court reporting industry leader for over 40 years, Spark & Cannon offers efficient verbatim transcription to the courts. With a network of offices throughout Australia, Spark & Cannon serves legal customers in Western Australia, South Australia, Victoria, New South Wales, and Tasmania. Spark & Cannon boasts a growing list of satisfied customers, including the WA Ministry of Justice, Federal Court of Australia, Family Court of Australia and numerous state-based courts and tribunals. For more information visit the Spark & Cannon website at www.sparkandcannon.com.au.

About the Australian Securities and Investments Commission

ASIC is Australia's corporate, markets and financial services regulator. ASIC are an independent Commonwealth body who contribute to Australia's economic reputation and wellbeing by ensuring that Australia's financial markets are fair and transparent, supported by confident and informed investors and consumers.

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 exercise of the option to renew the term of the work program contemplated in this release, the size and scope of the project to remain constant during the term 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 Inc. does not intend and does not assume any obligation to update these forward-looking statements.

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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