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SmarTire Systems To Be Listed On Nasdaq

11 December 1998

SmarTire Systems To Be Listed On Nasdaq


    RICHMOND, BRITISH COLUMBIA--Dec. 10, 1998--SmarTire Systems (VSE:SES) (OTC Bulletin Board:SMTR) SmarTire Systems Inc. (OTC/BB:SMTR) announced today that as of the opening of trading on Wednesday, December 16, 1998, SmarTire Systems expects its common shares to be listed for trading on The Nasdaq SmallCap Market. Its ticker symbol "SMTR" will remain unchanged.
    Robert Rudman, President and Chief Executive Officer commented, "We are pleased to have been accepted for listing on The Nasdaq SmallCap Market. I am particularly grateful to the shareholders who have been supportive of our plan and the senior management group that has been brought together to make SmarTire the leader in the Tire Pressure Monitoring industry."
    SmarTire Systems Inc. is the developer and marketer of proprietary tire monitoring systems for the North American and European automotive aftermarkets. The Company is pursuing the passenger car market segment in response to the introduction of new tire technologies and changing consumer needs. Goodyear, Michelin and Bridgestone/Firestone have all approved the current SmarTire(TM) system for use with their run-flat tires. Through a strategic alliance, SmarTire and TRW Inc. are committed to providing superior tire monitoring systems for both aftermarket and original equipment applications. Additional information is available on the Internet at www.smartire.com.


    On behalf of the Board of Directors,
    Robert V. Rudman, C.A., President and CEO


    Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Company's customers. Actual results and developments may therefore differ materially from those described in this release.
    NOTE TO EDITORS: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.