Zedi Announces Q4 and Annual Results; Strong Finish to the Year

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "Our diversification
activities of the past few years continued to prove themselves out in 2012. We
experienced softness in our northern operations associated with the overall
industry slowdown related to lower natural gas prices and industry activity. The
softness was more than offset by the growth in the other parts of our business
with our SilverJack product performance being a particular highlight. I am proud
of our team for achieving 15% revenue and 14% EBITDA growth in 2012 and
surpassing the $100 million revenue milestone with 2012 revenue of $104
million," says Matthew Heffernan, President and CEO of Zedi. "The combination of
our Q4 results and strong customer adoption, like that seen with Crescent Point,
gives me confidence that we are poised to perform well in 2013." The Q4 and
Annual 2012 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 2012 results include:



--  Revenues for Q4 2012 were $28,580,000, a 15% increase over $24,996,000
    in Q4 2011. 
    
--  Annual revenues for 2012 were $104,278,000, a 15% increase over
    $90,922,000 in 2011. 
    
--  EBITDA(1)results for 2012 were $15,111,000, a 14% increase over
    $13,242,000 reported in 2011, while Q4 2012 EBITDA was up 44% over the
    same quarter of 2011. 
    
--  Prior to working capital changes, Zedi's 2012 cash flow from operating
    activities was $16,137,000, up 15% from the prior year. 
    
--  Non-cash charges for amortization of intangibles from prior acquisitions
    increased but were offset by the EBITDA growth, resulting in 2012 profit
    of $4,475,000 being consistent with the prior year. 
    
--  Recurring revenue(1)covered 214% of operations expenses and 177% of
    total cash expenditures - continuing the trends established over the
    past three years on these metrics. 
    
--  Zedi's balance sheet remains strong, with working capital of $14,595,000
    at yearend, up 3% from the prior year, after repayment of $2,469,000 of
    long term debt during the year. 



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