IQ NEWS!!!!!!!!!!!!!!!!!!!!AirIQ GSM Solution Launches in Mexico
10/11/2005
TORONTO, ONTARIO, Oct 11, 2005 (CCNMatthews via COMTEX) --
GSM Capabilities Offer Advanced Services
AirIQ Inc. (TSX:IQ), a leader in Global Wireless Security specializing in Telematics services, announces that a GSM solution with advanced services has been launched to dealers in Mexico. Units are now shipping to clients on a first-ordered, first-served basis. The program launch follows the agreement with Telefonica Moviles Mexico to provide GSM service for the Company's products and services, announced on September 26, 2005.
Additionally, AirIQ is offering existing Analog customers in Mexico a seamless transition to the Company's GSM product. There will be no change to user accounts, online user interfaces and the back-end of the solution. The pricing structure, deployment methods and available services will encounter minimal changes for Mexican customers as well.
"Our aim is to offer our loyal Mexico clients a GSM device that provides greater messaging capabilities, improved power management and long-term service reliability," explains Ken Wiesner, COO of AirIQ. "We are moving decisively with a transition program, but our target effort is focused on new subscriber acquisitions and delivering the best future-proofed service to our distribution partners in Mexico."
The program includes a transition option for existing Analog devices with the new GSM devices. There will be a replacement fee per unit according to the date of purchase and the Company will require dealers in Mexico to place an initial order for GSM units.
About AirIQ
AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Global Wireless Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with offices in Lake Forest and San Diego, California, U.S.A. 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 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.
SOURCE: AirIQ Inc.
AirIQ Corporate: Ken Wiesner COO (949) 784-2880, Ext. 103 kwiesner@airiq.com For Customer Inquiries: Ben Sanchez Sales Executive +011 52 662 211 3222 bsanchez@airiq.com
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