The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

SmarTire Signs Distribution Agreement with Lexani Wheel Corp.

Premier luxury wheel manufacturer to include SmarTire TPMS on Johnson line of wheels

RICHMOND, BC, March 15 -- SmarTire Systems Inc. (SMTR: OTCBB) today announced that it has signed a distribution agreement with Lexani Wheel Corp, a premier manufacturer of luxury alloy wheels based in California. Lexani will bundle SmarTire's tire pressure monitoring system (TPMS) with its innovative Johnson line of custom wheels. Lexani wheels are sold through an extensive dealer base and are well known in the automotive aftermarket, boasting a prestigious list of clients and countless award- winning show vehicles. A purchase order accompanied the distribution agreement.

"Because of the design of the Johnson wheel and the low profile of the tires that are usually mounted, it is of great advantage that the driver is aware of a tire losing air in order to avoid damaging the wheel and tire," says Aaron DeWitt, Director of Marketing for Lexani Wheel Corp. "SmarTire products provide a reliable and timely warning of a low pressure condition, enabling the driver to take the appropriate precautions. We will be encouraging all our customers to use a SmarTire system to protect their substantial investment in wheels and tires."

"Lexani builds some of the most innovative wheels in the automotive aftermarket and we are pleased to be included with their Johnson line," says Robert Rudman, President and CEO of SmarTire. "We look forward to working with Lexani to include our TPMS on additional lines as required. Lexani manufactures the ultimate in custom wheels and our TPMS systems provide the required safeguard against damage caused by tire failure."

SmarTire Systems Inc. develops and markets proprietary tire monitoring systems for the transportation industry worldwide. Incorporated in 1987, SmarTire is a public company with offices in North America and Europe. Additional information can be found at www.smartire.com.

  'Al Kozak'

  Al Kozak
  Chief Operating Officer

  Legal Note on Forward Looking Statements

This news release includes forward-looking statements subject to risks and uncertainties. Forward looking statements in this news release include that Lexani will bundle SmarTire's TPMS with its line of custom wheels, and that SmarTire products provide a reliable and timely warning of a low pressure condition. Factors which could prevent these statements from coming to fruition include potential manufacturing flaws, production problems, delivery problems, competition from other product manufacturers and pricing issues. Readers should refer to the risk disclosures outlined in the Company's annual report on Form 10-KSB for the last completed fiscal year filed with the SEC.

  SmarTire Systems Inc.
  Suite 150, 13151 Vanier Place
  Richmond, British Columbia
  Canada, V6V 2J1

  T: 604.276.9884
  F: 604.276.2350
  www.smartire.com
  OTCBB: SMTR

  Email: investor_relations@smartire.com
  Contact: Judy Leclercq
  1.800.982.2001