ZED Zedi Inc.

Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE:ZED) "The Q4 financial results
top off a banner year for Zedi where we set revenue records in each of the four
quarters. Executing well on all fronts, we held our own in a tough Canadian
market by maintaining our core technology revenues and recording 37% growth in
field operations. We grew the recurring revenue from our international
operations by 57% in 2011, establishing a strong base upon which we can build
outside of North America. To round out the exceptional performance, the
acquisitions we made in 2011 have all delivered significant growth. All of this
would not be possible without the support and commitment from our customers, our
employees and our shareholders and for that we are sincerely grateful. I am
confident we are on the right path to become a global leader in production
operations management," said Matthew Heffernan, Zedi President & CEO. The annual
2011 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.


Revenues for Q4 2011 were $24,996,000 compared to $15,438,000 for Q4 2010,
representing an increase of 62% for the quarter and bringing 2011 annual
revenues to a total of $90,922,000, which is a 57% increase over 2010 revenues
of $57,751,000. 


On an annualized basis, EBITDA(1) per share was $0.13 in 2011, $0.09 in 2010 and
$0.05 in 2009. For the year 2011, EBITDA was $13,242,000, a 55% increase over
the $8,572,000 posted in fiscal 2010, attributable to solid performance by
Southern Flow, the new US subsidiary, and supported domestically by the
above-mentioned increase in field operations and five additional acquisitions.
All acquisitions were revenue and earnings accretive and completed with no
equity dilution. 


Profit before taxation for Q4 2011 was $1,817,000 or $0.02 per common share
resulting in 2011 annual profit before taxation of $6,654,000 or $0.07 per
common share, an increase of 28% over the prior year. Operations continue to
generate strong cash flow, with cash from operations prior to working capital
changes of $14,040,000 generated in 2011, up 60% compared to $8,800,000 during
2010. Closing working capital for December 31, 2011 remains very strong at
$14,224,000.


Recurring revenue for Q4 2011 was 205% of operations expenses, up from 180% in
Q4 2010. Recurring revenue as a percentage of the Company's total cash
expenditures, which in addition to operations expenses includes deferred
development and capital asset purchases, increased to 171% for Q4 2011 up from
150% in Q4 2010. The Company believes that these two measures 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. EBITDA is Earnings before
interest, taxes, depreciation and amortization. See section 10 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, 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.

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