AirIQ Announces Automation of Miles Travelled Per State Report Assists Customers with Fuel Tax Reporting
TORONTO, ONTARIO--(Marketwired - March 26, 2014) - AirIQ Inc. (TSX VENTURE:IQ) is pleased to announce that as part of its ongoing enhanced reporting suite, customers may now manage, perform and record their own miles travelled per state reports for their truck fleets. Many regulations throughout North America, such as IFTA (International Fuel Tax Act), require carriers to record and file detailed fuel usage and distance travelled reports on a per truck and state-by-state/province by province basis. Such record keeping is tedious and time consuming, resulting in increased costs for fleet owners. AirIQ's miles travelled per state report helps automate this process, and customers may now manage their own reports with just a few clicks of a button. The result is clear, concise and accurate reports in minutes - any time of the day - saving time and money.
AirIQ recently welcomed 25 new customers using this feature, bringing the total to 127 customers that regularly use AirIQ's miles travelled per state report to assist with fuel tax and miles travelled reporting. These customers recognize that AirIQ's solution saves them time and money, and provides a reliable resource for accurate information and timely reporting.
About AirIQ
AirIQ currently trades on the TSX Venture Exchange under the symbol IQ. AirIQ's office is located in Pickering, Ontario, Canada. The Company offers a suite of asset management services that generate recurring revenues from each device deployed. AirIQ delivers services to two primary markets: Commercial Fleets and dealers that service Consumer segments. AirIQ provides vehicle owners with the ability to monitor, manage and protect their mobile assets. Services include: instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts and vehicle disabling and unauthorized movement alerts. 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 statements with words such as "hope", "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 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 such information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
