AirIQ Announces Full Repayment of Promissory Notes

AirIQ Inc. ("AirIQ" or "the Company") (TSX VENTURE:IQ), a supplier of wireless
location-based services, today announced that it has paid an additional $125,000
to each of its lenders, Mosaic Capital Partners LP ("Mosaic") and Eventi Credit
Inc. ("Eventi"), in full and final payment of the amounts outstanding on its
promissory notes.


In October 2010, the Company entered into a credit facility with Eventi and
Mosaic (the "Lenders") and executed a promissory note in favour of each of the
Lenders for $250,000. In May 2011, the Company made a principal repayment of
$125,000 to each of the Lenders with proceeds raised from a rights offering that
closed in April 2011.


"The promissory notes were due for repayment in October of this year," said Don
Gibbs, President and Chief Executive Officer of AirIQ, "but the Board decided to
repay the notes early."


Following this repayment, the Company is no longer indebted to either Mosaic or
Eventi, and is now free of all long term debt.


About AirIQ

AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ's
office is located in Pickering, Ontario, Canada. The Company offers a suite of
location based services that generate recurring revenues from each device
deployed. AirIQ delivers services to two primary markets: Commercial Fleets and
dealers that service Consumer segments. AirIQ provides vehicle owners with the
ability to monitor, manage and protect their mobile assets. Services include:
instant vehicle locating, boundary notification, automated inventory reports,
maintenance reminders, security alerts and vehicle disabling and unauthorized
movement alerts. For additional information on AirIQ or 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 statements with words such as "hope", "goal",
"anticipate", "believe", "expect", "plan" or similar words suggesting future
outcomes. These statements are based upon certain material factors or
assumptions that were applied in drawing a conclusion or making a forecast or
projection as reflected in the forward-looking statements, including AirIQ's
perception of historical trends, current conditions and expected future
developments as well as other factors management believes are appropriate in the
circumstances. 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 may differ materially from those expressed in such forward-looking
statements. Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans relating to the
future. Readers are cautioned that such information may not be appropriate for
other purposes. Other than as may be required by law, 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 (TSXV:IQ)
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