Zedi Announces Q1 Results; Revenue Continues to Grow

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "We kicked off 2013 with
year over year revenue growth of 6% in, what continues to be, a tough market,
led by our artificial lift and data management solutions. I am particularly
pleased to report that, after complying with all US regulatory requirements, Q1
marks the first period with meaningful revenue from artificial lift in our US
market. Our EBITDA growth of 3% was lower than our revenue growth having been
impacted by an increased investment in both the US and Canada for sales and
service capability to support continued growth of our artificial lift business
as well as charges related to reorganization within our product management
group," says Matthew Heffernan, President and CEO of Zedi. "We are pleased
overall with our Q1 results and remain cautiously optimistic that we will
continue to perform well, relative to our sector, in the upcoming quarters." The
Q1 financial statements and MD&A are filed on SEDAR and can be accessed at
www.sedar.com or on the Company's website at www.zedi.ca.


Highlights of the Q1 2013 results include:



--  Revenues of $27,904,000, a 6% increase over $26,281,000 in Q1 2012. 

--  EBITDA(1) was $4,312,000, a 3% increase over $4,168,000 reported in Q1
    2012. 

--  Prior to working capital changes, Zedi's cash flow from operating
    activities was $4,540,000, up 4% from Q1 2012. 

--  Profit of $1,477,000, which was consistent with the prior year after
    having been impacted by additional and one-time expenses noted above. 

--  Recurring revenue(1) made up 57% of total revenue in the period and
    covered 204% of operations expenses and 169% of total cash expenditures.

--  Zedi's balance sheet remains strong, with working capital of $16,618,000
    at the end of Q1 2013. 



Zedi Inc. (TSX VENTURE:ZED) helps the world's oil and gas producers be more
productive, more profitable, and more sustainable through technology backed by
expert consultation and services. Our 60 years of continuous operations in North
America and recognition as one of the industry's best workplaces, sets us apart
in the production operations landscape. With our unique combination of
award-winning automation, data management, and field and professional services,
we offer solutions to our customers' challenges and help them realize their
production potential.




(1) EBITDA and recurring revenue are non-IFRS measures. EBITDA is earnings  
    before interest, taxes, depreciation and amortization and is commonly   
    used by industry to normalize non-operating factors that are included in
    net income and as a proxy for the cash generating potential of a        
    business. Recurring revenue is determined by the Company and compared to
    both operations and total cash expenditures as significant indicators of
    performance and sustainability. See section 9 of the Management         
    Discussion and Analysis for further detail on both of these metrics.    



Cautionary Statement Regarding Forward-Looking Information

Certain statements and information contained in this press release may
constitute forward-looking information within the meaning of applicable Canadian
securities legislation. Specifically, this press release contains statements
regarding Zedi's financial performance, cash flow, growth expectations,
diversification and acquisition activity, strategies, assumptions regarding
potential customer and market activities, recurring revenue metrics and related
expectations of sustainability. These statements are based on certain
assumptions and analysis made by Zedi in light of its experience and its
perception of historical trends, current market conditions and expected future
market developments, as well as other factors it believes are appropriate in the
circumstances. However, whether actual results, performance or achievements will
conform to Zedi's expectations and predictions is subject to a number of known
and unknown risks and uncertainties which could cause actual results to differ
materially from Zedi's expectations. Consequently, all of the forward-looking
information and statements made in this press release are qualified by this
cautionary statement and there can be no assurance that the actual results or
developments anticipated by Zedi will be realized or, even if substantially
realized, that they will have the expected consequences to or effects on Zedi or
its business or operations. Except as may be required by law, Zedi assumes no
obligation to publicly update any such forward-looking information and
statements, whether as a result of new information, future events, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zedi Inc.
Debra Deane
Investor Relations
403-802-7092
403-444-1101 (FAX)
[e-mail]
www.zedi.ca