VANCOUVER, BC. 1/17/2011 Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce that it has entered into a Letter of Intent for the acquisition of Smartcool Systems UK Ltd., a distributor of Smartcool technology.

 

Under the terms of the proposed acquisition, Smartcool Systems EMEA Ltd., a wholly-owned subsidiary of Smartcool Systems Inc., will acquire all issued and outstanding shares in the capital of Smartcool Systems UK as well as assuming the obligations of all the company's employment agreements. The effective date of the transaction is January 1, 2011, with a closing date of February 28, 2011.

The transaction is subject to the Company reaching a definitive legal agreement, raising sufficient capital to fund the acquisition, as well as all the required approvals of the TSX Venture Exchange.

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

Latest Press Releases

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Vancouver, B.C. August 29, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to report that it has filed its Second Quarter Management Discussion and Analysis ("MD&A") and unaudited financial statements for the six-month period ended June 30, 2017, on SEDAR.

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