IQ AirIQ Inc

AirIQ Inc. ("AirIQ" or "the Company") (TSX VENTURE:IQ), a supplier of wireless
asset management services, today announced that it has signed a non-binding term
sheet for a non-brokered $485,000 financing comprised of a $100,000 loan and the
issuance of 7,700,000 common shares of the Company for consideration of
$385,000.


"Three major customer opportunities are driving the need for working capital to
execute on revenue growth. The Company's large rental customer is expanding, a
significant taxi application is underway and potential international deployment
is being considered. As a result, working capital has been stretched to the
limit," said Donald Gibbs, President and Chief Executive Officer of AirIQ. "In
the current financing environment, the Company is pleased to be able to secure
this financing with the tremendous support of the Company's employees and
assistance from the Chairman," continued Mr. Gibbs.


Details of the financing are as follows:

Loan Financing

The Company intends to enter into a term loan agreement for $100,000 (the
"Loan") with Mosaic Capital Partners L.P. ("Mosaic"). In consideration of the
Loan, the Company has agreed to issue warrants to Mosaic to purchase up to
500,000 common shares of the Company at an exercise price of $0.05 per share.
The warrants will expire ten years from the date of issue. The Loan shall accrue
interest at the rate of 15% per annum, to be calculated daily and payable
monthly in arrears. The Loan will be secured by a charge over all of AirIQ's
property and will be due and payable in full eighteen months following the date
of advance, which is expected to be on or before December 16, 2013. The Loan
will not be convertible into shares of the Company. The Company will pay a
placement fee of $5,000 to Mosaic to be deducted from the advance of principal
on the Loan. Vernon Lobo, Chairman and a director of the Company, is a managing
director of Mosaic. Both the Loan and the issue of the warrants are subject to
the approval of the TSX Venture Exchange.


Non-Brokered Private Placement

The Company has also arranged a non-brokered private placement for 7,700,000
common shares at a price of $0.05 per share for total gross proceeds of $385,000
(the "Private Placement"). The closing of the Private Placement is expected to
occur on or before December 16, 2013, subject to the approval of the TSX Venture
Exchange. The Company expects that insiders of the Company will subscribe for
more than 25% of the Private Placement. All securities issued pursuant to the
Private Placement will be subject to a four month hold period from the date of
closing, and the proceeds shall be used for general working capital.


There will not be any change of control or the creation of a new control person
as a result of the Private Placement.


The common shares to be issued in the Private Placement have not been and will
not be registered under the U.S. Securities Act of 1933, as amended (the "1933
Act") or any applicable securities laws of any state of the United States and
may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or
persons in the United States absent registration or an applicable exemption from
such registration requirements.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AirIQ Inc.
Donald Gibbs
President and Chief Executive Officer
(905) 831-6444, Ext. 4255
dgibbs@airiq.com
www.airiq.com

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