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

Smartcool Systems Inc. (TSX-V: SSC) delivers cutting edge energy efficiency and cost reduction solutions for businesses around the world. The ESM™ and ECO3™ are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems. Energy savings achieved by the ESM™ and ECO3™are quantifiable and the products can qualify for government and utility rebates. The technology has been validatedby rigorous third party testing, government organizations and private business installations.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Investor Inquiries

Mike Kordysz
Tel: +1 604 904 8632
mike.kordysz@smartcool.net

TSX-V: SSC
OTC: SSCFF
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