January 27, 2006

AirIQ announces leadership appointments and workforce reductions

Canadian Shipper

TORONTO, ON– AirIQ Inc. says it has implemented a plan to accelerate profitability through an internal reorganization that includes two key senior leadership appointments and a reduction of the Company’s workforce.

The internal reorganization includes the reduction of approximately 13% of the Company’s current workforce, for an expected annual expense reduction of approximately $2 million in payroll and other operating costs. The Company will take a charge of approximately $250,000 in the first quarter of 2006 as a result of this workforce reduction.

“The completion of our GSM program is one of the key milestones accomplished in 2005 that enables us to take this further step of integration,” said Don Simmonds, Chief Executive Officer of AirIQ. “We now remain focused on the acquisition of increasing levels of new subscribers and the efficiency of our delivery operations.”

As part of the reorganization, David Brandos and Colin Zvaniga will join Ken Wiesner, Chief Operating Officer, Mark Kohler, Chief Financial Officer, and Don Simmonds, Chief Executive Officer, as members of AirIQ’s senior leadership team.

Brandos has been appointed Chief Marketing Officer of the Company while continuing his leadership role of the Boatracs Division. Based in San Diego, California, Brandos has a strong track record in the wireless services industry and will apply his expertise to the Company’s services roadmap and oversight of an Advanced Technology Group.

The Company has also expanded the responsibilities of Colin Zvaniga, Vice President Solution Delivery and Quality, who will now oversee these functions on an integrated basis.

“Several achievements during 2005 have enabled us to take this integration step signaling a shift from a development phase to a delivery phase,” said Simmonds. “Since inception, we have aggressively developed technology, expanded vertical markets, and acquired other companies, emerging as one of North America’s leading Telematics service providers.”