Smartcool Systems Inc. Announces Stock Option Grant

VANCOUVER, Dec. 23 /CNW/ - SMARTCOOL SYSTEMS INC. ("Smartcool" or the "Company") (SSC-TSX:V) (the "Company") (PVS:TSXV) announces that it has granted an aggregate of 1,000,000 stock options to directors, officers, employees and consultants of the Company, each option exercisable at a price of $0.325 per share for a period of five years from the date of grant. The options have been granted in accordance with the Company's stock option plan.

Smartcool manufactures and distributes the Smartcool Energy Saving Module (ESM)(TM) and the ECO(3)(TM), which make refrigeration and air conditioning systems more efficient, resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. The Smartcool ESM(TM) can be retrofitted to existing refrigeration and air conditioning systems and is compatible with all known control systems. More than 26,000 units have been installed worldwide for customers such as supermarkets, food distributors, telecommunications companies, hospitals, and hotels. Smartcool's new ECO(3)(TM) provides the same environmental and cost-saving benefits to residential

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    "George Burnes"

    George Burnes, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Smartcool Systems Inc.

For further information: For further information: Telephone: (604) 669-1388, Toll Free: (604) 602-0674

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