Zedi Announces Record Q3 Results

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "Our strong Q2 performance
carried on through Q3 and I am pleased to report the highest quarterly revenues
in the Company's history of $28,828,000. Growth came from all areas of the
business in North America - significant in that it once again reflects the value
of the diversification activities that have reduced our reliance on any one
single product and/or market. EBITDA also showed strong growth of 119% in Q3
2013 as compared to Q3 2012, as did gross margin, which was 43.6%, up from 40.3%
last year. Both of these measures highlight the strength of Zedi's operational
efficiencies. The other key metric for Zedi is recurring revenue, the basis of
our business model and it too delivered growth - 11% higher than 2012. To
summarize, Q3 was a quarter in which all areas of our business performed well
which propelled us to our best revenue results ever," says Matthew Heffernan,
President and CEO of Zedi. The Q3 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 Q3 2013 results include:



--  Revenues of $28,828,000 a 26.2% increase from Q3 2012 
    
--  Gross Margin increased to 43.6% from 40.3% in Q3 2012 
    
--  EBITDA(1) was $4,413,000, an increase of $2,396,000 (119%) compared to
    Q3 2012 
    
--  Prior to working capital changes, Zedi's cash flow from operating
    activities was $4,596,000, a 267% increase over Q3 2012. 
    
--  Profit for the period was $1,691,000, an increase of $1,872,000 when
    compared with Q3 2012 
    
--  Recurring revenue(1) made up 57% of total revenue in the period and
    covered 198% of operations expenses and 176% of total cash expenditures.
    
--  Zedi's balance sheet remains strong, with working capital of $18,101,000
    at the end of Q3 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.



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


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