Smart Energy Solutions Signs LOI To Acquire 49.9% of Automotive Tier II Supplier Carter Group, Inc.



    
    Acquisition To Expand Reach To Automotive Market & Provide World Class
    Manufacturing Facility
    

    POMPTON PLAINS, N.J., Aug. 16 /CNW/ -- Smart Energy Solutions, Inc. (OTC
Bulletin Board: SMGY) ("Smart Energy"), inventor and manufacturer of the
innovative Battery Brain(TM) vehicle aftermarket device, today announced it
has signed a non-binding Letter of Intent providing for its possible
acquisition of a minority ownership interest in a wholly-owned subsidiary of
the Carter Group, Inc. (www.cartergroup.ca) ("Carter Group"), a Florida
Corporation.
    Under terms of the Letter of Intent, subject to due diligence, the
preparation and execution of a mutually acceptable definitive agreement,
approval by both parties, and certain other conditions, Smart Energy would
acquire a 49.9% interest in a wholly-owned subsidiary of the Carter Group,
Inc. known as 2112376 Ontario Limited.  No up front cash payment would be
required.  Smart Energy is negotiating the final terms of the proposed
transaction to be disclosed at a later time. Additionally, if and when such
transaction is consummated, Smart Energy would obtain the first right of
refusal to acquire the entire ownership interest of 2112376 Ontario Limited
and any other assets of the Carter Group, Inc. at a future date.
    Carter Group is a world-class manufacturer of electronic HVAC
controllers. They are an innovative designer of new technologies, patenting
the result and then manufacturing the products to the demanding standards of
the automotive industry. Carter Group has built over 9,000,000 Linear Power
(LPM) modules for GM cars and trucks over the past five years. They are
presently a supplier to Delphi under a multi-year contract that ends in 2010.
Their design, technology and rapid response time to their customers' needs
will provide Smart Energy with a significant competitive advantage in the
worldwide marketplace. Additionally, Carter Group has a Minority Business
Enterprise ("MBE") certification, entitling it to serve as a minority supplier
to the automotive industry.  The acquisition is expected to greatly expand
Smart Energy's penetration of the Automotive O.E.M. market. Smart Energy will
also begin shifting their production of Battery Brain to the Carter Group upon
finalization of the deal. Carter Group currently manufactures under ISO/TS
16949:2002.
    "There is a great opportunity and customer demand throughout the OEM and
aftermarket for enhanced electronics and this new partnership will enable us
to continue to lead this effort," Butch Carter, President and CEO of Carter
Group said.  "The timing is right. Our team is excited about becoming a more
integral part of the Smart Energy Solutions organization and together we will
set new levels of capability and dependability across the industry."
    According to Pete Mateja, CEO of Smart Energy Solutions, "Carter Group is
a leader in developing and supplying automotive electronic HVAC controllers.
The expansion of our relationship is an important milestone for our
organization.  Their ability to design and provide leading edge technologies
for automotive customers has provided Carter Group with a significant
competitive advantage in the marketplace. This acquisition will assist Smart
Energy Solutions in penetrating the O.E.M. automotive market as well as
provide a world class manufacturing facility capable of handling SMGY's
current needs and future accounts in our sales pipeline."
    
    About Carter Group
    
    Carter Group was established in August 1998 to promote leading-edge
technologies in the North American market. Its President and CEO, Butch
Carter, had a distinguished NBA career with the L.A. Lakers, Indiana Pacers,
New York Knicks and Philadelphia 76ers and as an Assistant Coach with the
Milwaukee Bucks and as Head Coach of the Toronto Raptors. The company uses its
certified minority status in the United States to facilitate diversity in the
OEM supply base to various industries and has become a leading developer of
intellectual property. Its past automotive customers have included Delphi,
Visteon and Halla Climate Controls.  The Company provides sales, marketing and
distribution facilities and has locations in Orlando, FL, Columbus, OH and
Toronto, Canada.
    Battery Brain(TM) is Smart Energy's flagship device that constantly
monitors electrical discharge of the battery for nearly all kinds of vehicles
including autos, SUVs/trucks, medium and heavy duty trucks, military, buses,
RV's, boats, commercial vehicles and personal watercraft. Should Battery Brain
detect that the battery is losing sufficient charge to start the vehicle's
engine, the device automatically disconnects the battery to preserve its
starting power. In addition, Battery Brain offers a highly desirable built-in
anti-theft feature.
    
    About Smart Energy Solutions
    
    Smart Energy Solutions, Inc. (OTC Bulletin Board:   SMGY; Berlin: UBM.BE;
Frankfurt: UBM.F) is the sole owner of the Battery Brain line of vehicle
accessory products. The company is headquartered in Pompton Plains, NJ, with
operations in Zhuhai, China, Petach Tikva, Israel and Pompton Plains, NJ.
Visit www.smgy.net.
    
    Forward-Looking Statements:
    
    Actual results could differ materially from any forward-looking
statements contained in any Smart Energy Solutions press release. All
statements made in this press release are made as of the date of the release
and could change due to unknown risks and uncertainties.




For further information:

For further information: Press, Bruce G. MacDonald, Liebler!MacDonald, 
+1-248-233-8062, bmacd@liemac.com; Investors, Ed Braniff, Smart Energy 
Solutions, +1-973-248-8008, edbraniff@smgy.net; Paul Holm, H.L. Lanzet, Inc., 
+1-212-888-5470, lanzet@aol.com Web Site: http://www.cartergroup.ca

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