Vancouver, B.C. – Smartcool Systems Inc. (TSXV: SSC) is pleased to announce that its distributor, Smartcool SEA Pte. Ltd., based in Makati City, has signed a marketing agreement with CB Richard Ellis Philippines, Inc. ("CBRE"). As part of the agreement, CBRE will recommend the use of Smartcool's innovative energy reduction technologies and assist Smartcool with the introduction and deployment of these technologies within their expanding managed property portfolio in this region.

Philippine Property Manager Assists Clients with Energy Savings Initiative

"Commercial buildings are one of the biggest culprits globally in energy consumption and greenhouse gas emissions and this is no different in this part of the world," stated David Verlee, CEO of Smartcool SEA Pte. Ltd. "The proven technologies that Smartcool has developed provide an excellent economic solution that meets the requirements of commercial building managers to control building costs for its clients and reduce the size of their carbon footprint. The portfolio that CBRE currently manages provides us with a significant opportunity in this region."

"Our distributor in the Philippines is making significant inroads in their region and this agreement with CBRE, a globally recognized name, is a clear indication that our energy efficiency solutions are being marketed very well," added George Burnes, President and CEO of Smartcool Systems Inc. "Our clients have indicated that reduction in energy consumption and carbon emissions are important but ultimately it is the quick return on investment provided by Smartcool's solutions, usually around twenty four months, that allows them to commit capital to a retrofit program."

About CB Richard Ellis Philippines Inc.

CB Richard Ellis Philippines was established in 1998 and has been prominent in the Philippine market since 1995 through a previous Richard Ellis association. CB Richard Ellis Philippines currently employs over 200 highly qualified personnel and is rapidly expanding to serve clients with a full range of property services.

The firm has established its position as a market leader in the commercial brokerage services segment and undertakes a larger proportion of Tenant Representation assignments for Multi-national Corporations entering or expanding operations in the Philippines. The support services of residential brokerage are also an integral part of the full brokerage services to clients.

The company is also rapidly expanding its operations in Asset Services, with currently over 1.4 million square feet or over US$400 million of prime commercial, residential properties under it management, spread over major cities in Metro Manila, including Makati City, Ortigas Center-Pasig, Fort Bonifacio and the City of Manila.

The Research and Consultancy Department has an excellent track record providing professional advisory services to: financial institutions, large domestic corporations, multi-national corporations and government institutions, fund managers, international real estate funds and investment banks.

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
Frankfurt: R3W

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