SmarTire Systems Announces Nasdaq Listing
18 December 1998
SmarTire Systems Announces Nasdaq Listing
RICHMOND, British Columbia--Dec. 17, 1998-- SmarTire Systems Inc. (VSE:SES) announced today that the Company is now listed for trading on The Nasdaq SmallCap Market. It will now trade under the ticker symbol "SMTRF".
Robert Rudman, President and Chief Executive Officer commented, "I am pleased to announce SmarTire Systems' listing on The Nasdaq SmallCap Market. This achievement marks the culmination of a year in which SmarTire emerged as the recognized leader in the Tire Pressure Monitoring industry. We look forward to ushering in the new year with a comprehensive marketing program and the introduction of new tire monitoring products. Indeed, we intend to build on our accomplishments and expect 1999 to be a rewarding year for our shareholders".
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 at www.smartire.com.
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.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.