Air Temp North America Signs Contract with the Largest German Car Manufacturer to Supply Heat Exchangers for New Models

MIAMI--Air Temp North America, Inc. (Pink Sheets:ATPN), the Company, through its wholly-owned subsidiary, Air Temp de Mexico, has signed a supplier contract with the largest German car manufacturer to supply oil heat exchangers. The contract calls for Air Temp de Mexico to start producing the heat exchangers over the next 90 days.

It is expected that this new contract will add approximately $2 million of revenue to Air Temp de Mexico over the ensuing twelve months after production begins. The contract was only entered into after Air Temp de Mexico satisfied all of the high technical and production requirements and standards.

Jorge Habib, Chairman and Chief Executive Officer of Air Temp North America, Inc., commented, “It is very gratifying to be able to provide products to a world class company. We look forward to continuing to provide other similar companies with our products as well as expanding our relationship with this manufacturer.”

The Company also announced that the Corporation’s Board of Directors was increased to three (3) directors. Abe Warshenbrot and Kevin Fitzgerald were each elected as directors of the corporation. The new Board of Director’s has scheduled its first meeting for February 28,2007 in Merida, Mexico.

Air Temp North America, Inc. through its wholly-owned subsidiary, Air Temp de Mexico, designs, produces and markets systems and components of air conditioning, ventilation and heat exchangers for the automotive industry. Its clients include many of the world’s largest automotive companies.

Forward-Looking Statements

This press release contains, or may contain forward looking statements, such as statements regarding the growth and profitability and growth strategy in the industry in which the Company operates. The forward-looking statements contained in this press release are subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.