Zedi Inc.: Record Revenue Surpassed by Even Stronger EBITDA Growth in a Depressed Natural Gas Market, David Johnson Elected t...

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "In an environment where
natural gas prices have been at multi-year lows, we report a 20% increase in top
line revenues and a 33% increase in EBITDA for Q1 compared to the same quarter
last year. These results speak to two key factors. The first is the
diversification of our business into oil over the last two years, reducing our
reliance on the natural gas market. The second is the positive impact of our
business model which allowed us to achieve a higher rate of growth in EBITDA
than in our top line revenue. The low natural gas prices have definitely
impacted new sales of some of our core technologies but that impact has been
offset by the growth we continue to experience with Zedi's oil solutions and in
particular our SilverJack hydraulic pump technology. We will continue to
diversify the Company from both a product and a geographical standpoint as we
believe that will ultimately deliver the best returns to our shareholders," said
Matthew Heffernan, Zedi President & CEO. The Q1 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 9th successive quarter in a row of $26,281,000,
    a 20% increase over $21,906,000 in Q1 2011 
    
--  Record EBITDA(1)results with $4,168,000 in Q1 2012, a 33% increase from
    $3,136,000 reported in Q1 2011 
    
--  Profit before taxation for Q1 2012 of $2,154,000, or $0.02 per common
    share, an increase of 12% over Q1 2011 
    
--  Positive cash flow generation from operations, up 32% to $4,369,000
    compared to $3,322,000 in Q1 2011, with sustained strong working capital
    of $13,740,000 
    
--  Recurring revenue covered 206% of operations expenses and 174% of total
    cash expenditures - two measures that are significant indicators of
    performance and sustainability. 



Zedi is also very pleased to announce the addition of David Johnson to our Board
of Directors. David brings 30 years of industry experience to both complement
and augment the talents of our continuing board members. David is currently
Chairman of the Board of Progress Energy Resources Corp., prior to which he
served as their Executive Chairman.


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 - this measure may not be comparable to
similar measures used by other companies. 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 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.