Zedi Inc.: Q2 Revenues Outpace Q1 Revenues; EBITDA Continues to Grow at Faster Rate Than Revenue

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "For the first time in the
Company's history, Q2 revenues were higher than Q1 revenues, a clear sign that
our diversification activities are having a positive impact on the historically
cyclical nature of our business as well as providing a buffer against a
challenging commodity pricing environment. Revenue growth occurred in all parts
of our business with the exception of the products and services related to the
Canadian natural gas market, which continued to struggle as a result of low
natural gas pricing. Even more encouraging is that, although we showed strong
growth in our revenue with a 30% increase over Q2 2011, our EBITDA grew by 43%
for the same period reflecting the scalability of our operations. We have
established a solid growth pattern, delivering record revenues for 10 successive
quarters, in each of which quarterly EBITDA outperformed the same quarter on a
year over year basis, ultimately rewarding our shareholders," said Matthew
Heffernan, Zedi President & CEO. The Q2 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.




--  Record revenues for the 10thsuccessive quarter of $26,568,000, a 30%
    increase over $20,457,000 in Q2 2011 
--  Strong EBITDA(1)results with $3,236,000 in Q2 2012, a 43% increase from
    $2,267,000 reported in Q2 2011 
--  Profit before taxation for Q2 2012 of $1,158,000 or $0.01 per common
    share, an increase of 48% over the $780,000 reported in Q2 2011 
--  Positive cash flow generation from operations, prior to working capital
    changes, up 34% to $3,480,000 compared to $2,589,000 in Q2 2011, with
    sustained strong working capital of $13,729,000 
--  Recurring revenue covered 211% of operations expenses and 182% of total
    cash expenditures - two measures that are significant indicators of
    performance and sustainability. 



Zedi Inc. (TSX VENTURE:ZED) provides integrated services, applications, and
technology to oil and gas producers to help efficiently manage their production
operations. Having established a leadership position in our base market, we
continue to grow globally by operating in 25 countries around the world. Our
expertise helps producers increase revenue while reducing operating costs and
ensuring regulatory compliance.




(1) EBITDA is a non-IFRS measure that 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. EBITDA is        
    Earnings before interest, taxes, depreciation and amortization. See     
    section 9 of the Management Discussion and Analysis for further detail. 



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 growth and earnings expectations, diversification and
acquisition activity, strategies, 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.