Smartcool Systems Inc. - First quarter results report significant revenue increase



    VANCOUVER, June 2 /CNW/ - Smartcool Systems Inc. (TSXV: SSC), is pleased
to report its first quarter results, for the period ending March 31, 2008,
reflect a significant growth in revenue when compared to the same period
ending March 31, 2007. Smartcool generated revenues of $422,663 for the
quarter ending March 31, 2008 compared to $11,781 for the first quarter 2007.
    "We have always felt that 2008 would be the transition year for the
company", states George Burnes, President of Smartcool Systems Inc. "Over the
last 18 months we have invested a great deal of time, effort and capital into
creating a global distribution network which has enabled us to embark on an
aggressive testing and marketing plan. In North America we have completed test
phases with many groups and have presented attractive savings reports to
clients and await their decisions. Our independent distributors globally are
also seeing significant savings from their test installations and are nearing
the end of the test phases. We are very encouraged with how our technology is
being accepted."
    "The capital invested in the sales and distribution model are starting to
make an impact", added Allan Thompson, CFO of Smartcool Systems Inc. "The
revenue growth over the same period last year is very significant and to
generate approximately 95% of the entire revenue for the year ended 2007 in
the first quarter of 2008 is extremely encouraging. The nature of this
business is to test your equipment in one location and then rollout through
multiple facilities. This may make the sales cycle a little long initially but
as we are seeing right now, clients are realizing the economic impact of
energy efficiency and are embracing it."
    Smartcool's first quarter report can be viewed at our website,
www.smartcool.net under the investor section or alternatively at
www.sedar.com.

    About Smartcool - "A Clean-Tech Company Specializing in Energy Cost
    Reduction Technologies"

    Smartcool Systems Inc. is an advanced energy savings solutions company
specializing in energy and cost reduction technologies for commercial,
industrial 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 HVAC
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.

    %SEDAR: 00015981E




For further information:

For further information: Allan Thompson, (604) 669-1388 or
1-888-669-1388, or allant@smartcool.net

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Smartcool Systems Inc.

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