CALGARY, ALBERTA--(Marketwired - Nov 14, 2013) - 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.