AirIQ Announces Executive Appointments and Departures
TORONTO, ONTARIO – April 26, 2006 – AirIQ Inc. (TSX: IQ), a leader in global wireless security, today announced changes to certain executive positions of the Company.
Colin Zvaniga, currently Vice President Service Delivery and Quality has been appointed Chief Technology Officer. “Colin has faithfully led the development of our services and robust delivery infrastructure for several years now,” said Don Simmonds, President and CEO of AirIQ “and will apply his unique combination of technology expertise and a service mindset to the company’s full range of technology investments.”
A reallocation of existing management resources will streamline the company following the departure of the COO, Ken Wiesner. Anne Taylor, currently Vice President, Commercial Fleets Division, will assume additional responsibility for the Marine Division, with the departure of David Brandos, who was Vice President of the Marine Division and Chief Marketing Officer.
“The Telematics industry is very active and exciting,” said Don Simmonds. “With the recent payment of the earn-out obligation in connection with our acquisition of the Aircept business, the Company is focused on the next phase of its vision to become a leading global provider of wireless location and security services.”
The steps announced today reflect a further integration of our operations that should benefit the Company through reduced ongoing expenses.
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 four primary markets: Commercial Fleets; Consumer; Vehicle Finance; 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.
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. Unless otherwise 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.
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- Chief Financial Officer
- AirIQ Inc.
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