AirIQ Inc V.IQ

News - Top 50 again...D & T.

[billbarilko]

TORONTO--(BUSINESS WIRE)--July 14, 2004-- Recognition received for the second consecutive year AirIQ Inc. (TSX:IQ), a leader in the Telematics industry, is a finalist in the 2004 Deloitte Canadian Technology Fast 50 (Fast 50) program for the second consecutive year. The Fast 50 program is an annual award honouring the 50 fastest growing technology companies in Canada. The finalists are determined by percentage revenue growth over a five-year period, from 1999 to 2003. "For the second year in a row, AirIQ is honoured to be among the fastest growing technology companies in Canada," states Donald Simmonds, President and CEO of AirIQ. "This distinction is attributable to the outstanding efforts of our entire team. Over time, AirIQ has continued a standard of excellence in service delivery and technological applications. We are dedicated to continuing our growth momentum for the future." AirIQ is also a finalist for the 2004 sub-sector Leadership Award. These awards recognize leadership in the following four technology industries: telecommunications/wireless, hardware/semiconductor, software and life sciences. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $75,000 CDN for 1999 and $5,000,000 CDN for 2003, be controlled and headquartered in Canada, be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenue and/or devote a significant proportion of revenues to research and development of technology. The numerical ranking for the 2004 Deloitte Canadian Technology Fast 50 will be released on September 29, 2004. The Fast 50 finalists are automatically entered into the 2004 Deloitte North American Technology Fast 500 program that recognizes the fastest growing high tech companies in the United States and Canada. For more information on the Deloitte Technology Fast 50 or Fast 500 programs, visit www.fast50.ca or www.fast500.com. About AirIQ AirIQ trades on The Toronto Stock Exchange under the symbol IQ. A leader in the Telematics marketplace, AirIQ is headquartered in Pickering, near Toronto, Canada. 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. AirIQ's services are offered to three large commercial markets (rental vehicle, commercial transport and heavy equipment fleets) and the Consumer market. AirIQ gives vehicle 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 more information, please call 1(888) 606-6444 or visit www.airiq.com. About Deloitte Deloitte, Canada's leading professional services firm, provides audit, tax, financial advisory services and consulting through more than 6,100 people in more than 47 offices. Deloitte & Touche LLP operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the only professional services firm to be named to the Globe and Mail's Report on Business Magazine annual ranking of Canada's top employers for two consecutive years: 35 Best Companies to Work for in Canada in 2001 and 50 Best Companies to Work for in Canada in 2002. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the Canadian member firm and not by the Deloitte Touche Tohmatsu Verein. 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. --30--TLM/na* CONTACT: AirIQ Media Mary Catherine Telemaque Corporate Communications Coordinator [phone], Ext. 4326 [e-mail] www.airiq.com