VQS VIQ Solutions Inc

VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE:VQS)
announces that it has entered into a secured loan agreement (the "Bridge Loan")
with an arm's length lender (the "Lender") whereby the Corporation will borrow
$200,000 from the Lender for a period of one (1) year (the "Term"). The Bridge
Loan bears interest at a rate of 10% per annum, payable annually, and includes
the issuance to the Lender of 200,000 non-transferrable common share purchase
warrants (the "Warrants"), which Warrants have an exercise price of $0.18 per
common share of the Corporation. The Warrants are exercisable at any time prior
to 5:00 p.m. (Toronto time) on July 23, 2014. Proceeds of the Bridge Loan will
be used for general working capital purposes.


The Warrants and the common shares of the Corporation issuable upon the exercise
of the Warrants are subject to a four month resale restriction that remains in
effect until November 24, 2013.


About VIQ Solutions Inc. 

VIQ Solutions is a global leader in computer-based digital audio and video
capture and management. We develop software solutions that capture, digitize,
and compress audio and video data, which is securely stored in a multi-tiered
server system where it is easily searchable and shareable. Our innovative media
processor technology allows users to remotely control audio-video capture in
multiple locations from a single satellite location, allowing large-scale and
complex installations to be managed efficiently by fewer resources. VIQ
Solutions' technologies are installed in courts, legislative assemblies, law
enforcement and hearing rooms around the world.


Forward-looking Statements 

Certain statements included in this news release constitute forward-looking
statements or forward-looking information under applicable securities
legislation. Such forward-looking statements or information are provided for the
purpose of providing information about management's current expectations and
plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. Forward-looking
statements or information typically contain statements with words such as
"anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "will",
"would" or similar words suggesting future outcomes or statements regarding an
outlook. Forward-looking statements or information in this news release include,
but are not limited to, the use of the proceeds of the Bridge Loan.


Forward-looking statements or information are based on a number of factors and
assumptions which have been used to develop such statements and information but
which may prove to be incorrect. Although the Corporation believes that the
expectations reflected in such forward-looking statements or information are
reasonable, undue reliance should not be placed on forward-looking statements
because the Corporation can give no assurance that such expectations will prove
to be correct. In addition to other factors and assumptions which may be
identified in this news release, assumptions have been made regarding, among
other things, that the Corporation will spend the proceeds of the Bridge Loan in
the manner described herein. Readers are cautioned that the foregoing list is
not exhaustive of all factors and assumptions which have been used. 


Forward-looking statements or information are based on current expectations,
estimates and projections that involve a number of risks and uncertainties which
could cause actual results to differ materially from those anticipated by the
Corporation and described in the forward-looking statements or information.
These risks and uncertainties which may cause actual results to differ
materially from the forward-looking statements or information include, among
other things, the ability of management to execute its business plan and the
risk that the Corporation may re-allocate the use of proceeds of the Bridge
Loan. Readers are cautioned that the foregoing list is not exhaustive of all
possible risks and uncertainties. 


The forward-looking statements or information contained in this news release are
made as of the date hereof and the Corporation undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise unless required by
applicable securities laws. The forward-looking statements or information
contained in this news release are expressly qualified by this cautionary
statement. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
VIQ Solutions
David Outhwaite
President & CEO
(905) 948-8266 ext. 250
douthwaite@viqsolutions.com


VIQ Solutions
Karen Hersh
Chief Financial Officer
(905) 948-8266 ext. 240
khersh@viqsolutions.com

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