AirIQ Inc V.IQ

News -

[billbarilko]

AirIQ Attains 12th Place Amongst Canada's Fastest-Growing Companies in PROFIT 100 Ranking 6/6/2005 TORONTO, ONTARIO, Jun 6, 2005 (CCNMatthews via COMTEX) -- June 6, 2005 - AirIQ Inc. (TSX:IQ), a leader in the Telematics industry, was awarded 12th place on the 17th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT: Your Guide to Business Success. Compared to the Company's 2004 ranking of 41st, AirIQ climbed 29 places on the PROFIT 100 with 3,014 percent growth from 1999 to 2004. The PROFIT 100 profiles the country's most successful growth companies by five-year revenue growth. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement. "Now serving over 170,000 subscribers, client confidence has earned AirIQ this proud distinction for the second consecutive year," says Donald Simmonds, President and CEO of AirIQ. "Our 12th place in the PROFIT 100 is a direct result of the dedicated work of our team, earning a strong leadership position in the provision of wireless location services to the North American Telematics marketplace." "We're happy to welcome the 2005 PROFIT 100 winners to the most prestigious group of entrepreneurial businesses in Canada," says Ian Portsmouth, editor. "Canada's Fastest-Growing Companies are succeeding by knowing what customers really want, then delivering it." About PROFIT Magazine PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT-which currently reaches more than 400,000 readers nationally-hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.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 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, please visit the Company's website at https://www.airiq.com. 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 Corporate: Mary-Catherine Telemaque Manager, Corporate Communications [phone], Ext. 4326 [e-mail] NEWS RELEASE TRANSMITTED BY CCNMatthews Copyright (C) 2005, CCNMatthews. All rights reserved.