EQ Inc. Reports First Quarter Results Sequential quarterly revenue growth of 19 percent

TORONTO, ON (May 25, 2015) - EQ Inc. (TSXV: EQ) ("EQ Works") a leader in audience targeting for mobile, social, video, and display advertising today announced its financial results for the first quarter ended March 31, 2015. Total revenue from operations for the quarter was $921,000, an increase of 19% from the fourth quarter of 2014. The adjusted EBITDA loss for the quarter was approximately $684,000, which included approximately $175,000 of one-time items.

Highlights for the First Quarter ended March 31, 2015

Sequential revenue growth of 19% compared to the fourth quarter of 2014;

Completed a debt financing of $700,000; and

Transitioned from the Toronto Stock Exchange to TSX Venture Exchange.

"Growth in the first quarter, typically a slower time in the media space, has shown that by focusing on clients' performance and delivering new and innovative products and solutions, our value proposition is strong" said Geoffrey Rotstein, President and CEO. "Although we still need to show sustained growth, by continuing to add new clients and growing our existing relationships we are able to deliver some of the most complex digital solutions to our clients and help them grow their businesses. This, together with our dedication to mobile, is expected to shape our progress for the coming quarters".

Non-IFRS Financial Measures

We measure the success of our strategies and performance based on Adjusted EBITDA, which is outlined and reconciled with net income (loss) in the section entitled "Reconciliation of Net Loss for the period to Adjusted EBITDA" in the MD&A. The Company defines Adjusted EBITDA as net income (loss) from operations before; (a) depreciation of property and equipment and amortization of domain properties and other intangible assets; (b) share-based payments, (c) restructuring, (d) impairment of goodwill and domain properties and other intangible assets, (e) Income tax expense and recovery, and (f) finance income and costs, net. Management uses Adjusted EBITDA as a measure of the Company's operating performance because it provides information related to the Company's ability to provide operating cash flows for working capital requirements, capital expenditures, and potential acquisitions. The Company also believes that analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate the overall operating performance of companies in its industry.
The non-IFRS financial measure is used in addition to and in conjunction with results presented in the Company's consolidated financial statements prepared in accordance with IFRS and should not be relied upon to the exclusion of IFRS financial measures. Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-IFRS financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-IFRS financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-IFRS

adjustments described above, and exclusion of these items from the Company's non-IFRS measures should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

The table below reconciles net loss from operations and Adjusted EBITDA for the periods presented:

Adjusted EBITDA for the three months ended March 31, 2015 and 2014

(In thousands of Canadian dollars) 2015 2014

Net loss

Add:

(795)

(1,159)

Finance costs, net

36

103

Depreciation of property and equipment

42

60

Amortization of domain properties and other intangible assets

28

274

Share-based payments

5

11

Adjus te d EB ITDA

(684)

(711)

About EQ Works

EQ Works (www.eqworks.com) provides a smarter way to target customers. The Company uses its real-time technology and advanced analytics to detect the actionable data that boosts performance for all web, mobile, social and video initiatives. EQ Works balances the many components that comprise the complex advertising ecosystem and establishes equilibrium for reaching the right audience at the right time through any web or mobile device.

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Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. EQ Inc. is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

EQ Inc.

1255 Bay Street, Suite 400| Toronto, Ontario |M5R 2A9 p: 416.597.8889 f: 416.597.2345

press@eqworks.comwww.eqworks.com

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