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AirIQ Engages Paradigm Capital Inc. as Advisor

December 21, 2007

TORONTO – AirIQ Inc. announced that the Special Committee of AirIQ’s Board of Directors has engaged Paradigm Capital Inc., an investment banking firm, to assist the Special Committee in conducting AirIQ’s previously announced review of strategic alternatives.

Steve Willey, president and CEO, said, “The Special Committee of AirIQ’s Board of Directors completed an assessment of investment banking firms and has selected Paradigm Capital Inc. to assist in its mandate. In parallel to this process of assessing strategic alternatives, AirIQ’s management will drive the company forward through organic growth. The goal of this two-pronged approach is to maximize shareholder value.

Paradigm Capital Inc. is an independent institutional equity dealer offering full investment banking, advisory, research, sales, and trading services. Paradigm Capital is focused on small to mid-cap sized companies in technology (hi-tech, biotech, and industrial technology), mining and metals, industrial products, entertainment, and the oil and gas sectors. Founded in 1999, Paradigm Capital is based in Toronto and Calgary.

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