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Smartcool Systems Australia
Unit 3/6 Trade Street
Ormiston, Queensland
Australia

p. +61 7 3286 2444
f. +61 7 3286 2433

info@smartcool.com.au

Greentech could be the largest economic opportunity of the 21st century

John Doerr
Kleiner Perkins Caufield Byers
First Quarter Results Report Significant Revenue Increase PDF  | Print |  E-mail

Smartcool Systems Inc. (TSXV: SSC), is pleased to report its first quarter results, for the period ending March 31, 2008, reflect a significant growth in revenue when compared to the same period ending March 31, 2007. Smartcool generated revenues of $422,663 for the quarter ending March 31, 2008 compared to $11,781 for the first quarter 2007.

"We have always felt that 2008 would be the transition year for the company", states George Burnes, President of Smartcool Systems Inc. "Over the last 18 months we have invested a great deal of time, effort and capital into creating a global distribution network which has enabled us to embark on an aggressive testing and marketing plan. In North America we have completed test phases with many groups and have presented attractive savings reports to clients and await their decisions. Our independent distributors globally are also seeing significant savings from their test installations and are nearing the end of the test phases. We are very encouraged with how our technology is being accepted."

"The capital invested in the sales and distribution model are starting to make an impact", added Allan Thompson, CFO of Smartcool Systems Inc. "The revenue growth over the same period last year is very significant and to generate approximately 95% of the entire revenue for the year ended 2007 in the first quarter of 2008 is extremely encouraging. The nature of this business is to test your equipment in one location and then rollout through multiple facilities. This may make the sales cycle a little long initially but as we are seeing right now, clients are realizing the economic impact of energy efficiency and are embracing it."

Smartcool's first quarter report can be viewed at our website, www.smartcool.net under the investor section or alternatively at www.sedar.com.

About Smartcool -- "A Clean-Tech Company Specializing in Energy Cost Reduction Technologies"

Smartcool Systems Inc. is an advanced energy savings solutions company specializing in energy and cost reduction technologies for commercial, industrial and retail businesses. The company's wholly owned subsidiary, Smartcool International Inc., is the owner, developer, manufacturer and worldwide distributor of the Energy Saving Module (ESMâ„¢). This green technology reduces the electricity consumption (kWh) and maximum demand (KW) of air conditioning and refrigeration compressors. Rather than replacing existing equipment, the ESMâ„¢ works in conjunction with existing HVAC controls in order to ensure that compressors work at maximum efficiency, while maintaining preset temperature levels and without causing over-cycling.

Rising global energy demand is resulting in significant increases in energy prices. Environmental concerns are causing both government and industry to re-examine the way they do business. Smartcool provides companies with solutions to address the growing pressure to reduce energy costs, increase profits and reduce green house gas emissions. For more information, please visit www.smartcool.net.

For additional information contact: Allan Thompson, 604-669-1388 or 1-888-669-1388 or This e-mail address is being protected from spambots, you need JavaScript enabled to view it