AirIQ Announces Automation of Miles Travelled Per State Report Assists Customers with Fuel Tax Reporting
March 26 2014 - 5:00PM
Marketwired
AirIQ Announces Automation of Miles Travelled Per State Report
Assists Customers with Fuel Tax Reporting
TORONTO, ONTARIO--(Marketwired - Mar 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.
AirIQ Inc.Donald GibbsPresident and Chief Executive Officer(905)
831-6444, Ext. 4255dgibbs@airiq.comwww.airiq.com
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