Auto-Q International Inc. Reports a Gross Profit Increase of 116% for Fiscal 2003 Third Quarter Financial Results

LONDON, Aug. 13, 2003 -- Auto-Q International Inc., (BULLETIN BOARD: AUTQ) , a leading provider of vehicle tracking and monitoring systems for trucking fleets and consumers, today reported financial results for the third quarter and nine months of fiscal 2003 ended June 30, 2003.

Auto-Q International Inc. completed its third quarter of business and reported Net Income of $536,002 and $.01 earnings per share for nine months ending June 30, 2003. Auto Q International Inc. is still benefiting from the sale of assets and goodwill of its main UK operating subsidiary Auto-Q International Limited to another subsidiary Auto-Q Solutions Limited. Subsequently Auto-Q International Limited was liquidated. Under UK law the sale of the assets and goodwill had the effect of forgiving all of the debts of Auto-Q International Limited amounting to $1,875,033 whilst maintaining the operations of the business.

In addition to reporting a profit for nine months ending 2003, Auto-Q International Inc. reported a 116% increase of Gross Profit for three months ended June 30, 2003. Consequently the Balance Sheet of Auto-Q International Inc. was improved for three months ended June 30, 2003 compared to the three months ended June 30, 2002.

Gross Profit increased from $60,011 for three months ending June 30, 2002 to $129,905 for three months ending June 30, 2003. Total revenue increased 86% from $161,899 for three months ending June 30, 2002 to $301,901 for three months ending June 30, 2003. The company's net loss per share improved dramatically from a loss of $0.04 per share for three months ending June 30, 2002 to a net loss of $0.01 per share which was reported for the third quarter ending 2003.

CEO, Tom Lam commented, "We are looking forward to future growth for the company. Auto-Q has received additional orders for its FleetTrak systems since the close of the third quarter".

About Auto-Q

Auto-Q designs and supplies mobile data acquisition and vehicle tracking systems using global positioning systems and telematics technology. Auto-Q's products are used for vehicle fleet and asset management including tracking, positioning, security, fuel monitoring, navigation, data acquisition and reporting.

Certain statements contained herein are "forward looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995) Because such statements include risks and uncertainties actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements include but are not limited to, economic conditions, market acceptance of products, risks in technology, and product development.

For more information on Auto-Q International visit www.auto-q.com.