SmarTire Participates in Merrill Lynch Automotive Idea Summit; Presentation by Robert Rudman, President and Chief Executive Officer, to be Broadcast Live Over Internet

    RICHMOND, British Columbia--Nov. 19, 2002-- SmarTire Systems Inc. , a leading developer of tire pressure and temperature monitoring technology, announced today that President and Chief Executive Officer Robert Rudman will be presenting at the Merrill Lynch Automotive Idea Summit at a session entitled "The Value Chain: Tires". Mr. Rudman's presentation, which will be broadcast live over the Internet, will focus on recent U.S. legislation and its impact on the tire monitoring industry.
    The session is scheduled to take place from 2:30 pm until 4:00 pm EST on November 21, 2002. A live audio broadcast of Mr. Rudman's presentation will be available at www.smartire.com or at http://www.twst.com/econf/mm/merrill7/panel4.html.
    The Automotive Idea Summit is a unique conference that brings together industry experts to address ideas of emerging importance through a series of short presentations followed by highly interactive discussion. Presenters will span the auto value chain, including automakers, suppliers, dealers, parts and tire wholesalers and retailers, organized labor, government and academia, with the common objective of identifying investment ideas. Speakers include John Devine, Vice Chairman of General Motors Corporation, Allan Gilmour, Vice Chairman of Ford Motor Company, Ron Gettelfinger, President of United Auto Workers and many other industry leaders. For further information on the Summit please visit www.events.ml.com.
    SmarTire is a pioneer and market leader in the development of direct measurement tire monitoring technology for all sectors of the automotive and transportation industries. Incorporated in 1987, SmarTire is a public company with offices in North America and the United Kingdom. Additional information can be found at www.smartire.com.

    Al Kozak, Chief Operating Officer

    This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the anticipated demand for tire monitoring technology, sales of SmarTire's products and technology to original equipment manufacturers, the size of the market, the impact and scope of the new United States legislation, and the technical uncertainty of future products. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include general factors such as insufficient investor interest in the Company's securities, the impact of competitive products and pricing and general economic conditions as they affect the Company's customers, and specific risks such as the uncertainty of the requirements demanded and timing specified by U.S. government, reliance on third party manufacturers to produce SmarTire products and technology, and, the Company's ability to source product components in a timely manner. Readers should also refer to the risk disclosures outlined in the Company's annual report of Form 10-KSB for the last completed fiscal year filed with the SEC.