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AirIQ Announces Board and Management Changes

March 01, 2007

TORONTO, ONTARIO – AirIQ Inc., a global wireless security company, has appointed Donald Simmonds as executive chairman of the board of directors, replacing Peter Bradshaw who is retiring and stepping down from the board effective immediately.Simmonds has been the CEO of the company for 10 years. Assuming the role of CEO of the company on an interim basis is Stephen Willey who has been a director of AirIQ since June 1995, and has most recently been assisting the company in marketing and sales strategies on a consultant basis. The board intends to enter into discussions with Willey to settle the terms upon which Willey will become the CEO of the company on a permanent basis.With Bradshaw’s resignation creating a third vacancy on the board, the board of directors is immediately initiating a process to find replacement directors.
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