MARKHAM, ONTARIO -- (Marketwired) -- 12/18/14 -- VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE: VQS) announces that effective February 1, 2015 David Outhwaite will retire as Chief Executive Officer of the Corporation and Sebastien Pare will succeed Mr. Outhwaite as Chief Executive Officer, such that Mr. Pare will become the Corporation's President and Chief Executive Officer as at such date. Mr. Outhwaite will remain as the Corporation's Chief Executive Officer until such date, after which Mr. Outhwaite will retire as an officer of the Corporation. In addition, Mr. Outhwaite has been appointed the Chairman of the Board of Directors and Mr. Pare a director of the Corporation, effective February 1, 2015.
"On behalf of VIQ Solutions' Board of Directors, management team and staff, I would like to thank David Outhwaite for his significant contributions and dedication to VIQ Solutions over the past 10 years," said Harvey Gordon, a director of VIQ Solutions. "David has provided inspirational leadership, unwavering commitment and invaluable guidance to the Corporation since its inception. We are delighted that David will continue to serve the Board and our shareholders as Chairman as we move forward under the managerial leadership of Sebastien Pare."
"I am very pleased to hand over the leadership of VIQ to Sebastien as part of the next phase of the Corporation's evolution," commented David Outhwaite. "In his role as President, Sebastien has demonstrated the management qualities, business acumen and strategic insight required to lead the Corporation forward as CEO. Since coming on board, Sebastien has had a very positive impact on our customers, partners and employees, and I look forward to continuing to work with him and the other members of the Board as we maintain our focus on creating value for our shareholders."
Mr. Pare added, "David's legacy with VIQ and the digital recording industry as a whole cannot be overstated. Under his steady leadership, VIQ has pioneered many key technological innovations that revolutionized the way large-scale organizations around the world capture and manage digital audio, video and evidence. David's strategic vision has helped to shape the modern landscape of enterprise-level recording and I am honoured to be given the opportunity to build upon his innovative and inspirational legacy for VIQ."
"As CEO, I look forward to continuing to build our business and advancing our strategic plan in new and exciting directions, building value for all stakeholders," continued Mr. Pare. "With the proven strength of VIQ's technology solutions and the depth and quality of our customer base around the world, VIQ has an enviable growth path as we advance into this new stage of our evolution."
About VIQ Solutions Inc.
VIQ Solutions is the global expert in digital recording technology. With a better approach to the collection, storage and management of digital audio, video and files, we help increase efficiency, improve security and reduce costs for courts, police stations, insurance companies, health providers, and legislatures around the world. We've got the technology, the experience and the expertise to efficiently manage country-wide installations of hundreds of rooms, with hundreds of terabytes of data. Managing digital media evidence is what we do, and we do it better than anyone else.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
VIQ Solutions
David Outhwaite
Chief Executive Officer
(905) 948-8266 ext. 250
douthwaite@viqsolutions.com
VIQ Solutions
Karen Hersh
Chief Financial Officer
(905) 948-8266 ext. 240
khersh@viqsolutions.com
