VANCOUVER, May 24 /CNW/ - Smartcool Systems Inc. (TSXV: SSC), a company delivering cutting edge energy efficient and
cost creative solutions to businesses worldwide, finalized an agreement
with Murdock Capital Partners Corp., to act as exclusive US corporate
consultant and financial advisor to the company. Murdock, a 20 year
old firm with headquarters in New York, NY, specializes in advisory
work and has raised over $500 Million in equity and project financing
for various public and private entities in the high technology and
energy related industries.
Smartcool and Murdock have jointly initiated an evaluation of the
Company's business plan, corporate organization, financial and
capitalization needs and structuring. Murdock has embarked on an
extensive review of the company's operations, including acquisitions,
private and public equity and debt and other organizational aspects
that will be accretive to shareholder value. Murdock will assist
Smartcool with all aspects of its financial matters, including public
and media relations, seeking to broaden the US shareholder base through
direct communications, research coverage and investor meetings with
"Smartcool Systems is an exceptionally well managed entity that is
embarking upon an aggressive business plan to transform the company
from an early revenue producing entity to a worldwide marketer of
energy savings systems. This will grow revenues substantially in the
coming months and we are delighted to be working with George Burnes and
his team," stated Thomas Dean, President of Murdock Capital.
"After conducting an exhaustive and extensive search for the right
US-based company to assist us, we feel that Murdock will add value to
our strategy, and are anticipating a long and fruitful relationship
with them," says George Burnes, CEO of Smartcool Systems. "In addition
to retaining a strong US-based firm we have extended the term of our
contract with the Howard Group who have provided us similar services in
the Canadian market for the past eighteen months. Going forward we
have a strong team in place that will give the capital markets access
to ongoing progress that we as a company are making."
About Smartcool Systems Inc.
Smartcool Systems Inc. (TSXV: SSC) delivers cutting edge energy
efficiency and cost reduction solutions for businesses around the
world. The ESM™ and ECO3™ are Smartcool's unique retrofit technologies that reduce the energy
consumption of compressors in air conditioning, refrigeration and heat
pump systems. Energy savings achieved by the ESM™ and ECO3™are quantifiable and the products can qualify for government and
utility rebates. The technology has been validated by rigorous third
party testing, government organizations and private business
About Murdock Capital Partners Corp.
Since its inception, Murdock has raised over $500 Million in equity and
project financing for various public and private entities in the
alternative energy and high technology industries, has assisted in
listing over a dozen companies on US Exchanges, including the ASE/NYSE,
Nasdaq, and OTCQX, and has been involved in a number of substantive
mergers and acquisitions. Murdock's subsidiary, Innovative Research
Associates, handles all aspects of investor relations, including the
publishing of industry overviews and specific company reports, media
contacts, institutional and retail brokerage meetings, and has
conducted conferences on specific natural resource opportunities. Using
an extensive, proprietary data base, IRA reaches targeted audiences
with a focused emphasis on their clients' specific operations.
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SmartCool Systems Inc.
For further information:
George Burnes, CEO of Smartcool Systems Inc.
Tel. (604) 639-5625
Luis J. Mejia, Managing Partner, Murdock Capital Partners Corp.
Steven Solazzo, Managing Director, Murdock Capital Partners Corp.
Jeff Walker, Howard Group Inc.
Tel. (403) 221-0915 ext. 222