AirIQ Inc V.IQ

News...

[billbarilko]

Nice growth (again!!)...Indicative of a strong Q1 announcement on the horizon... AirIQ's Net Cumulative Subscribers Exceed 170,000 Units Business Editors TORONTO--(BUSINESS WIRE)--April 19, 2005-- Record Breaking Shipments for the First Quarter AirIQ Inc. (TSX:IQ), a leader in the Telematics industry, announces new active subscriber growth of 18,099 units and record total shipments of 24,834 units in the first quarter ending March 31, 2005. The active subscriber increase and shipping activity is due to contributions from the Company's five natural markets, namely Commercial Fleets, Consumer, Indirect Distribution, Vehicle Finance and Marine Fleets. "We have experienced robust subscriber acquisition again in this first quarter, setting a new record for the Company," explains Donald Simmonds, President and CEO of AirIQ. "With minimal change in our operating infrastructure, we are pleased with the overall business performance following our two acquisitions last year. Our key trajectories are right where we want them to be." Active subscriber units are those that have been installed in vehicles, are connected to the service infrastructure, or are otherwise revenue generating. In periods of strong new shipments, there is often a lag between shipped and active subscriber counts as the distribution and installation processes take effect. "While first quarter financial results will be released in May, the first quarter of 2005 marked the 23rd consecutive quarter of subscriber growth for AirIQ," notes Mark Kohler, CFO of AirIQ. "We are pleased that some of the top names in our respective industries joined our customer ranks this quarter, including significant subscriber additions of AirIQ's refrigerated trailer tracking product and services."(i) All Shareholders and interested parties are welcome to attend the Company's Annual and Special Meeting of Shareholders to be held on Tuesday, April 26th, 2005, at 10:00 a.m. (Eastern Standard Time). The meeting will take place at the Toronto Stock Exchange Conference Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario, M5X 1J2. (i) Many clients do not approve disclosure of their company name since AirIQ provides security services for vehicles and vessels. 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 and vessels. AirIQ's services are offered to five primary markets: Commercial Fleets; Consumer; Vehicle Finance; Indirect Distribution; and, Marine Fleets. AirIQ gives vehicle and vessel 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 additional information on AirIQ, its products and services, and the recent acquisitions of the business of Aircept.com, LLC, and Boatracs, LLC, please visit the Company's website at www.airiq.com or call 1(888) 606-6444. 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. AirIQ disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of such information, future events or otherwise. AirIQ Inc. (TSX:IQ) --30--NS/na* CONTACT: AirIQ Inc. Mary-Catherine Telemaque Manager, Corporate Communications [phone], Ext. 4326 [e-mail] KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: TRANSPORTATION SOURCE: AirIQ Inc. Copyright Business Wire 2005