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Message: VIQ Solutions' Subsidiary Awarded Contract by National Energy Board

VIQ Solutions' Subsidiary Awarded Contract by National Energy Board

posted on May 29, 2009 02:25AM
May 28, 2009
VIQ Solutions' Subsidiary Awarded Contract by National Energy Board
MARKHAM, ONTARIO--(Marketwire - May 28, 2009) - VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS) announced today that International Reporting Inc. ("International Reporting"), the Corporation's wholly-owned Canadian court reporting and transcription subsidiary, has been awarded a contract by the National Energy Board of Canada ("NEB") for the provision of bilingual court reporting and transcription services. Established in 1959, the NEB operates as a court of record receiving submissions, reviewing testimony and reporting to the Canadian Parliament through the Minister of Natural Resources, providing advice on energy policy and on specific matters relating to inter-provincial and international regulation of the oil, gas, and electric industries, in the public interest.

The contract has a term of three years with two options to extend for an additional year each. Its value to International Reporting is estimated by the NEB to be $963,000 over the three-year term, with each one-year option estimated at an additional $321,000. This is the third successive multi-year contract awarded to International Reporting by the NEB.

"International Reporting is pleased to have this opportunity to continue, through the utilization of VIQ Solutions' digital recording and Netscribe transcription solutions, to provide the NEB with the high standard of professional court reporting and transcription services to which the NEB has become accustomed since we first began working with them seven years ago" said Barry Prouse, President and General Manager of International Reporting. "The awarding of this contract demonstrates International Reporting's position as a market leader in the provision of high quality court reporting and transcription solutions," added Mr. Prouse.

This is the latest in a series of contracts recently awarded to International Reporting, including a contract to provide similar services for the Canadian Nuclear Safety Commission ("CNSC"), and, most recently, a contract to provide both the English and French transcripts for the on-going Khmer Rouge Trials in Cambodia, awarded by the United Nation's Assistance to the Khmer Rouge Trials ("UNAKRT").

About VIQ Solutions Inc.

VIQ Solutions is recognized as a global provider in the digital audio industry with innovative product and service-based solutions for voice-driven systems in the legal, medical, business, and government industries. VIQ Solutions provides an integrated range of digital record workflow solutions, including digital audio and video capture, workflow management software, transcription services, interactive electronic scheduling, and case management integration, all from one central, secure database.

About International Reporting Inc.

International Reporting has been a leader in the digital recording and transcription business across Canada for more than 30 years. During that time, the company has revolutionized the industry by introducing new technologies and infrastructure allowing the implementation of live, online, digital recording solutions which can be transcribed from any location across the country and internationally. Its turn-key solutions provide fully-indexed, online document and audio management solutions. Its clients include numerous government agencies and departments, servicing such high profile venues as the Air India, Gomery (Sponsorship Program and Advertising Activities) and Cornwall Public Inquiries, the Immigration and Refugee Board, Federal Court of Canada and the RCMP. Visit the International Reporting website at www.irri.net.
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