AirIQ Inc.: Notice of Listing Review by Toronto Stock Exchange

• Press Release
• Source: AirIQ Inc.
• On Wednesday December 3, 2008, 7:01 pm EST

TORONTO, ONTARIO--(MARKET WIRE)--Dec 3, 2008 -- AirIQ Inc. (Toronto:IQ.TO - News), a leader in Wireless Location-Based Services, specializing in Telematics and Security, today announced it has been notified by the Toronto Stock Exchange ("TSX") that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company, based on its market capitalization value and pursuant to Part VII of The Toronto Stock Exchange Company Manual.

The Company is being reviewed under the Remedial Review Process and has been granted 210 days to comply with all requirements for continued listing. The Company will be permitted to make submissions to the TSX regarding this matter on or before June 25, 2009, at which time the TSX Listing Committee has scheduled a hearing to consider whether or not to suspend trading in and delist the common shares of the Company. If the Company cannot demonstrate that it meets all TSX listing requirements on or before July 1, 2009, the Company's common shares will be delisted 30 days from such date.

Over the coming months, the Company will evaluate its options in this respect and will provide updates as they become available.

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 "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 and results 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 new information, future events or otherwise.

     Contacts:
     AirIQ Inc.
     Steve Willey
     Chief Executive Officer
     (416) 275-6994
     Email: swilley@airiq.com