AirIQ Announces Resignation of Chief Executive Officer, Appoints Michael Robb as Interim CEO

AirIQ Inc. (TSX VENTURE:IQ) today announced that Donald Gibbs has resigned as
President and Chief Executive Officer of the Company effective April 30, 2014.
Mr. Gibbs is also a member of the Board of Directors of AirIQ, and will continue
to serve in that capacity.


Michael Robb, Chief Financial Officer of the Company, has been appointed to
serve as Interim President and Chief Executive Officer as the Company searches
for a replacement.


"We'd like to thank Don for his leadership and commitment to the Company as
President and Chief Executive Officer over the last several years, and we wish
him all the best in his future endeavours," said Vernon Lobo, Chairman of AirIQ.
"We are also fortunate that Mike has agreed to step forward into the interim
Chief Executive Officer role while the Company continues to focus on growing
revenues, achieving profitability and exploring potential strategic
initiatives," continued Mr. Lobo.


Mr. Robb has served as Chief Financial Officer of AirIQ since 2010, and worked
in AirIQ's finance department for several years prior to that time. "I am
committed to AirIQ's success, and look forward to working closely with the Board
and the Company's employees in this new role to achieve the Company's strategic
goals," stated Mr. Robb.


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
asset management 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AirIQ Inc.
Michael Robb
Chief Financial Officer
(905) 831-6444, Ext. 4371
mrobb@airiq.com
www.airiq.com
AirIQ (TSXV:IQ)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024