SmarTire Engages Hawk Associates For Investor Relations
Specialists In Microcap Companies Added To SmarTire's Communication Team
OTCBB: SMTR
RICHMOND, BC, July 19 -- SmarTire Systems Inc. (OTCBB: SMTR) announced today that it has retained Hawk Associates, Inc. to provide the company with investor relations and financial media relations services.
SmarTire's President & CEO, Robert Rudman said, "Hawk Associates is one of the premier providers of investor relations services for Microcap companies. Julie Marshall and Frank Hawkins are highly regarded throughout the industry for having developed one of the most effective programs for helping small companies communicate successfully with investors. They are well known for the highly ethical manner in which they run their programs and for their extensive reach throughout the investment community. We look forward to working with them."
Hawk Associates CEO, Frank Hawkins said, "Real time tire pressure monitoring is an automotive technology that will show explosive growth over the next few years. Following the legal chaos created by the highly publicized series of accidents involving the Ford Explorer and Firestone Tires, Congress passed the TREAD Act that requires that tire pressure monitoring systems become standard equipment on all light vehicles in a staged manner over the next five years. Other market segments including recreational vehicles, motorcycles, buses and commercial vehicles are beginning to adopt the technology. This has created an industry that is expected to become a multi-billion dollar market by 2007. SmarTire is extremely well positioned to benefit from this growth because of its experience and proprietary technology. We believe the next few years could be very exciting for SmarTire and the company's shareholders."
About SmarTire Systems
SmarTire develops and markets proprietary advanced tire pressure monitoring and technology systems for the global automotive and transportation industries. The U.S. Government, through the TREAD Act, has legislated that all new vehicles must be equipped with tire monitoring systems that began with a phased implementation in 2004. SmarTire is capitalizing on rapidly emerging OEM and aftermarket opportunities. The company's vision is to become the preeminent provider of wireless sensing and control systems for vehicles worldwide. Incorporated in 1987, SmarTire has offices in North America and Europe.
About Hawk Associates, Inc.
Hawk Associates is a full service national investor relations and financial media relations consulting firm serving clients in California, Colorado, Connecticut, Florida, Maryland, Minnesota, New Mexico, New York, Texas, Utah, Virginia and Canada.
An investment profile about SmarTire Systems may be found online at www.hawkassociates.com/smartire/profile.htm
Additional information about SmarTire Systems can be found on the website www.smartire.com. An online investor kit containing SmarTire press releases, SEC filings, current price Level II quotes, interactive Java, stock charts and other useful information for investors can be found at www.hawkassociates.com and www.hawkmicrocaps.com. Investors may contact Randy Halischuk, or Judy Leclercq, SmarTire at (800) 982-2001 email: investor_relations@smartire.com or Frank Hawkins or Julie Marshall, Hawk Associates at (305) 852-2383, email: info@hawkassociates.com.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.