AirIQ Announces Board and Management Changes

Leadership Transition Plans Finalized; Strategic Review Concluded

AirIQ Inc. (TSX: IQ), a leader in wireless location services, specializing in telematics and security, today announced that it intends to appoint Steve Willey to the role of President and Chief Executive Officer. Mr. Willey, an AirIQ Board member since 2001, has been leading the Company on an "interim" basis since February 2007. Mr. Willey comes to AirIQ from a NASDAQ-listed company with whom he has been associated since 1993, most recently as President, Asia - Sales and Marketing.

"I am thankful for the experience I gained over the past fourteen years," said Steve Willey, "and I am delighted to bring that experience to AirIQ. The telematics industry has continued to evolve as we had envisioned and provides for exciting growth opportunities."

Mr. Willey joined the Board of Directors of AirIQ in 2001. He has served on the Audit, Compensation and Governance committees of the Company, and has been the interim Chief Executive Officer since February 22, 2007.

The Company also announced that Don Simmonds, who has been Executive Chairman of the Board of Directors following the retirement of Peter Bradshaw, will become Chairman and transition from involvement at an operational level. Mr. Simmonds will chair a Board which includes the recently appointed Mr. David Vaughn and Mr. Robert Metcalfe. Mr. Randy Reynolds (former President of Bell West Inc. and executive of Rogers Communications Inc.) has also been recommended to the shareholders by the Company to be elected as a director.

"We are thrilled to see Steve agree to take the helm for this next phase of our future," said Don Simmonds. "As a seasoned U.S. executive, Steve has extensive experience leading a technology based enterprise operating on a global scale and we expect tremendous benefits as he applies his skilled leadership to AirIQ."

These arrangements with Mr. Willey and Mr. Simmonds are subject to completion of definitive documentation.

The changes to management and the Board and the sale of AirIQ's Vehicle Finance Division in March 2007 completes the strategic and financial alternative review process which the Company had previously commenced and announced on February 12, 2007 and for which the Company and the Board of Directors had engaged GMP Securities LP as financial advisor.

About AirIQ

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.

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 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.

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