AirIQ Announces Consolidation of Management
CFO Resigns; New Vice President, Finance & Administration appointed
TORONTO, ONTARIO – November 22, 2007 – AirIQ Inc. (TSX: IQ), a leader in Wireless Location-Based Services, specializing in Telematics and Security, today announced that Mark Kohler has resigned as Chief Financial Officer of the Company. Mark has agreed to act in a consulting capacity as a resource to the Special Committee of the Board of Directors. His extensive experience in the industry will be valuable to the committee as it undertakes its previously announced strategic review.
Steve Willey, President and Chief Executive Officer said, “We thank Mark for his contribution to the Company over the past five years and wish him all success in future endeavours.”
The Company also announced that Michael Robb has been appointed to the position of Vice President, Finance and Administration.
Steve Willey added, “Michael has played an important role over the past year and is ready to lead the finance team at AirIQ. This type of consolidation of executive role together with fundamental organizational re-alignments, are consistent with our commitment to move to a leaner, more focused and more effective enterprise.”
AirIQ trades on the Toronto Stock Exchange under the symbol IQ. A leader in Wireless Location Services, specializing in Telematics and Security, AirIQ is headquartered in Pickering, near Toronto, Canada, with an office in San Diego, California, U.S.A. The Company operates as a wireless Internet applications service provider specializing in location-based services. AirIQ’s services are offered to three primary markets: Commercial Fleets; Consumer; 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 or 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. 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 new information, future events or otherwise.
- Contact Information
- Steve Willey
- Chief Executive Officer
- AirIQ Inc.
- Contact via E-mail
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