Smartcool named to 2007 TSX Venture 50(TM)
VANCOUVER, June 20 -- Smartcool Systems Inc. (TSXV: SSC), is pleased to announce that the company was today named to the 2007 TSX Venture 50(TM), a ranking of Canada's top emerging public companies listed on TSX Venture Exchange.
The TSX Venture 50(TM) are the top 10 companies in each of five major industry sectors (mining, oil & gas, technology, life science and diversified industries), based on a ranking formula that includes revenue, return on investment, market cap growth, and trading volume.
"We are very proud to launch the TSX Venture 50 to celebrate the achievement of our issuers," said Kevan Cowan, President, TSX Venture Exchange. "The impressive list of companies demonstrates that the TSX Venture Exchange is a unique incubator for public companies, and the companies in the TSX Venture 50 are proof that this market is working."
"We are very pleased to be included on such a list and recognized for the efforts that have been made by our team," said George Burnes, President and C.E.O. of Smartcool. "The last 12 months has been extremely active for the company. The acquisition of Abbotly Technologies Pty. Ltd. in June 2006 has allowed management to pursue an aggressive business plan that has resulted in a broad global distribution network for our technology. At the same time, we have been able to introduce our Energy Savings Module (ESM(TM)) to the North American market place which is not only realizing the economic benefits of our product but also the environmental benefits that our energy reduction technology can provide. I feel we have put the necessary foundation in place on which Smartcool can continue to build."
About Smartcool Systems Inc.:
Smartcool Systems Inc. is an advanced energy savings solutions company specializing in energy and cost reduction technologies for commercial and retail businesses. The company's wholly owned subsidiary, SmartCool International Inc., is the owner, developer, manufacturer and worldwide distributor of the Energy Saving Module (ESM(TM)). This green technology reduces the electricity consumption (kWh) and maximum demand (kW) of air conditioning and refrigeration compressors. Rather than replacing existing equipment, the ESM(TM) works in conjunction with existing controls in order to ensure that compressors work at maximum efficiency, while maintaining preset temperature levels and without causing over-cycling.
Rising global energy demand is resulting in significant increases in energy prices. Environmental concerns are causing both government and industry to re-examine the way they do business. SmartCool provides companies with solutions to address the growing pressure to reduce energy costs, increase profits and reduce green house gas emissions. For more information, please visit www.smartcool.net.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.