Knol Resources Corp. Announces Letter of Intent for a Proposed Reverse Takeover Transaction with Freckle IOT Ltd.

Freckle is a rapidly-growing data measurement and identity company providing recurring software-as-a-service solutions to Fortune 500 brands and agencies in multiple countries.

Fully integrated into all major global media and data platforms, Freckle’s products and services fully support media decisions and provide compliant data sources.

Its offline attribution product determines the effectiveness of a brand’s media across multiple channels by measuring the outcome of driving a consumer into a desired location or decision.

Its identity product, Killi, is a consumer facing application built on the blockchain that was created to solve privacy and security challenges for consumers while addressing compliance challenges for companies obtaining and using data. Killi allows platforms and brands to purchase customized data directly from consumers in exchange for monetary compensation.

Founded by serial entrepreneur Neil Sweeney in 2015, Freckle is leading the next wave of data compliance, privacy, transparency, security and identity management.

Vancouver, British Columbia and Toronto, Ontario–(Newsfile Corp. – January 16, 2019) – Knol Resources Corp. (NEX: NOL.H) (the “Company” or “Knol“) announces that on December 31, 2018, it entered into a non-binding letter of intent (“LOI“) with Freckle IoT Ltd. (“Freckle“), a global leader in multi-touch, offline advertising attribution. The LOI outlines the proposed terms and conditions pursuant to which the Company and Freckle will effect a business combination that will result in a reverse takeover of the Company by the shareholders of Freckle (the “Proposed Transaction“) and the listing for trading of the securities of the resulting issuer (the “Resulting Issuer“) on the TSX Venture Exchange (the “TSXV“).

A comprehensive news release concerning the operations, management and financial status of Freckle will be provided following completion of a definitive agreement in respect of the Proposed Transaction (the “Definitive Agreement“) pursuant to Section 2.3 of TSXV Policy 5.2 – Change of Business and Reverse Takeovers (the “RTO Policy“).

About Freckle

With offices in Toronto and New York, Freckle helps leading brands measure the effectiveness of their advertising by independently matching media spend to in store visits while remaining media agnostic. Freckle works with the world’s most prestigious brands, publishers and investment firms to deliver intelligence and validation of 1st party consumer data. Freckle’s technology is used by Fortune 500 brands like Coca-Cola, Lexus, Lowe’s, Walmart, General Motors, Unilever and Mondelez and is a core component of the top demand side platforms and data management platforms used around the world.

In addition to its core business, Freckle developed a mobile application called “Killi” that allows consumers to take back control of their identity from those who have been using it without their consent. With Killi, consumers can opt in and select specific pieces of personal information that they would like to share with brands in exchange for compensation. Freckle’s multi-channel offline attribution platform is now powered by the People of Killi, making it the most compliant, highest fidelity data source in the industry.

Brokered Financing

In connection with the Proposed Transaction, Freckle and Knol are pleased to announce that GMP Securities L.P. (“GMP”) has been appointed as lead agent, for and on behalf of Freckle, to sell, on a “best efforts” private placement basis, subscription receipts (the “Subscription Receipts”) of Freckle anticipated to be up to $6.5 million (the “Offering”). The size and terms of the Offering will be determined in the context of the market and will be disclosed at such time.

The Proposed Transaction

The Proposed Transaction is being contemplated through a three cornered amalgamation among Knol, a subsidiary of Knol, and Freckle, or such other structure as determined by the parties. The completion of the Proposed Transaction will constitute a “Reactivation” for Knol as a company listed on the NEX Board of the TSXV, and will be subject to the RTO Policy. The completion of the Proposed Transaction will require and be conditional upon the approval of the TSXV (the “TSXV Approval”), completion of a Definitive Agreement, completion of the Offering and shareholder approval of Freckle and Knol, if required.

Upon closing of the Proposed Transaction, the Company will, among other things: (a) change its name to “Freckle” or such other name as may be selected by Freckle and confirmed by Knol; (b) consolidate its common share capital, on a basis to be agreed upon in the Definitive Agreement; (c) Freckle will become a wholly-owned subsidiary of Knol and the sole business of Knol will be the current business of Freckle; (d) the board of directors of Knol will be comprised of five persons, one nominated by Knol and four nominated by Freckle; and (g) the common shares of the Resulting Issuer will be listed on the TSXV as a Tier 1 or Tier 2 issuer. Current shareholders of Knol are expected to own an approximate 12% in the Resulting Issuer assuming completion of the Offering.

Neil Sweeney will become the President and Chief Executive Officer of the Resulting Issuer upon completion of the Proposed Transaction. Mr. Sweeney was named among Deloitte’s Fast 50 three years in a row, was a two-time Finalist for EY’s Entrepreneur of the Year and has established an industry reputation for his visionary entrepreneurship, developing leading edge mobile technologies before they became industry standards, including the world’s first mobile futures market. Freckle is currently in the process of assembling a majority independent board of directors.

In accordance with the policies of the TSXV, Knol’s shares are currently halted from trading and will remain halted until further notice.

Knol Resources Corp.
Michael Atkinson
President and Chief Executive Officer
Phone: (604) 689-1428

Freckle IOT Ltd.
Neil Sweeney
President and Chief Executive Officer
Phone (647) 360-3691

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

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Knol should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

DISCLAIMER FOR FORWARD-LOOKING INFORMATION

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including: the receipt of all necessary regulatory approvals, the ability to conclude the Proposed Transaction, capital expenditures and other costs, and financing and additional capital requirements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the completion of the Proposed Transaction, the completion of the Offering, the listing of the shares of the Resulting Issuer on the TSXV and the anticipated business plan of the Company subsequent to completion of the Proposed Transaction. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company assumed no obligation to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

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DXI Completes Final Tranche of $780,000 Convertible Debt Financing For NEBC Woodrush Drill Program

Issues Woodrush Operational Update

Vancouver, British Columbia–(Newsfile Corp. – January 15, 2019) –  DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) (“DXI” or the “Company”), an upstream oil and natural gas exploration and production company operating projects in Colorado’s Piceance Basin and the Peace River Arch region in British Columbia today announced that it has completed the entire $780,000 in convertible debt financing designated for the continued development of the Woodrush Project in Fort St. John. (All figures in Cdn.$, except where noted).

Financing Update:

Subject to final regulatory approval, four arms-length, U.S. accredited investors have closed loans to the Company $780,000 (US$600,000) on a first secured basis ranking “pari passu” with the existing first secured loans. The new loans are convertible into common shares at $0.06 until expiry in 2022, and will bear interest at the Canadian bank prime rate +1%. $520,000 (US$400,000) closed on October 3, 2018 while the balance of $260,000 (US$200,000) closed on January 14, 2019. The lenders may convert at any time and the total number of common shares of the Company issuable upon conversion of the principal amount of the $780,000 is 13,000,000. No fees will be paid. Proceeds from this transaction will be applied to NE B.C. lease obligations, surveying and environmental work for our 2019 Woodrush drilling licenses and related permits, construction of new drilling ‘pads’ if required by the B.C. Oil and Gas Commission, and general working capital.

Woodrush Operations Update:

The Company is pleased to announce that the surveys, environmental and biologist reports, C&N exemptions and industry-standard notices required to be filed with License Applications to drill wells in B.C. have been completed and filed online with the B.C. Oil & Gas Commission. Following BCOGC approval, the Company expects to commence field operations to drill an exploration well at b-89-E/94-H-1 at the end of February, 2019.

About DXI ENERGY INC.

DXI Energy Inc. maintains offices in Calgary and Vancouver, Canada and has been producing commercial quantities of oil and gas since 2008. The company is publicly traded on the Toronto Stock Exchange (DXI.TO) and the OTCQB (DXIEF).

Statements Regarding Forward-Looking Information: This news release contains statements about oil and gas production and operating activities that may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements in this press release include, but are not limited to, statements regarding the future plans of the Company, the completion and final amount raised in the debt financing, the final use of proceeds and that all necessary final approvals will be obtained. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by DXI Energy and described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect DXI Energy Inc.’s operations or financial results, are included in DXI Energy Inc.’s reports on file with Canadian and United States securities regulatory authorities. We assume no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change unless otherwise required under securities law.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow DXI Energy’s latest developments on: Facebook http://facebook.com/dxienergy and Twitter @dxienergy.

Contact: DXI Energy Inc.
Sean Sullivan
President & CEO
604-638-5050
investor@dxienergy.com

David Matheson
CFO
604-638-5054
dmatheson@dxienergy.com

Sensor Receives $292,200 in New Work Orders

Toronto, Ontario–(Newsfile Corp. – January 15, 2019) – Sensor Technologies Corp. (CSE: SENS) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly-owned subsidiary, Sensor Technologies Inc. (“Sensor”), has received work orders for the first two (2) new electric field mapping systems (“EFM”) from one of the Corporation’s current clients which is one of North America’s largest pipeline companies. The work orders received are for the client’s various assets in Canada.

The work orders are the first in a proposed program whereby the client will be replacing its existing systems with Sensor’s EFM systems. As part of the work orders, the Corporation will provide the client with the monitoring of its various assets along with engineering field services and data analysis. The Corporation estimates that the aggregate value of the work orders is approximately $292,200 which is based on a five (5) year equipment, field services and data analysis commitment by the client.

Pursuant to the work orders, the Corporation will deploy the two (2) electric field mapping corrosion monitoring systems (the “EFMC Systems”) across the client’s assets in Canada. The client will pay a recurring fee to the Corporation to access the data gathered by the EFM Systems. The client has the ability to extend the term of the contract based on its specific needs and requirements.

“These work orders represents a new recurring revenue model for the Corporation,” said Jay Vieira, the President of the Corporation. “These orders is a validation of the continuing efforts of the Corporation in offering new services and products to its existing and new clients. The Corporation is currently in discussions with the client with respect to the execution of additional work orders from the client pertaining to similar service revenue recurring model.”

About the Corporation

Sensor Technologies Corp develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Corporation contact:

Jay Vieira, President, CEO
email: jay@fox-tek.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward-looking Statements

This news release includes certain information and forward-looking statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

CGX Energy and Frontera Announce Amendment to Letter Agreement

Toronto, Ontario–(Newsfile Corp. – January 11, 2019) – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“) announced today that they have further amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4, 2018 and amended on December 14, 2018, to extend the time of the launch of the equity financing in the amount of approximately US$20 million to occur on or prior to February 6, 2019 and anticipated to be completed on or prior to March 15, 2019, subject to regulatory approval.
Further, CGX and Frontera have amended the letter agreement to extend the time by which CGX Resources Inc., a wholly owned subsidiary of CGX, and Frontera will enter into a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana, the Corentyne and Demerara Blocks as previously disclosed on December 4, 2018, to on or prior to February 6, 2019.
These changes to the timing are not expected to have any impact on the timing of the drilling of the Utakwaaka-1 exploration well on the Corentyne Block which is required to be drilled by November 27, 2019. As previously announced by CGX Energy, a definitive rig agreement has been executed with ROWAN RIGS S.A R.L for the use of the Ralph Coffman offshore jack-up rig which is targeted to commence during the second quarter of 2019.

Related Party Transaction
The proposed transactions between Frontera and CGX contemplated by the letter agreement are related party transactions under Multilateral Instrument 61-101. For further details, please see the news releases of CGX and Frontera dated December 4, 2018 and December 17, 2018 and the material change reports of CGX dated December 10, 2018 and December 17, 2018.

About CGX Energy:

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana- Suriname Basin.

NEITHER THE 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 NEWS RELEASE.

About Frontera:

Frontera Energy Corporation is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in Latin America. The Company has a diversified portfolio of assets with interests in more than 30 exploration and production blocks in Colombia and Peru. The Company’s strategy is focused on sustainable growth in production and reserves. Frontera is committed to conducting business safely, in a socially and environmentally responsible manner. Frontera’s common shares trade on the Toronto Stock Exchange under the ticker symbol “FEC”.

If you would like to receive News Releases via e-mail as soon as they are published, please subscribe here:


Advisories: Fasken Martineau DuMoulin LLP is Canadian legal advisor to CGX. McMillan LLP is legal advisor to Frontera.

Cautionary Note Concerning Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that CGX or Frontera believe, expect or anticipate will or may occur in the future (including, without limitation, the launch and completion of the equity financing, the entering into the joint venture agreement, obtaining regulatory approvals) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Frontera or CGX, as the case may be, based on information currently available to them. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the applicable company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: with respect to Frontera, failure to reach appropriate definitive agreements with CGX; with respect to CGX (and as applicable Frontera), failure to reach appropriate definitive agreements with Frontera and obtain regulatory approval; changes in equity and debt markets; perceptions of the applicable company’s prospects and the prospects of the oil and gas industry in the countries where the company operates or has investments; and the other risks disclosed in the applicable continuous disclosure documents under each company’s profile on SEDAR at www.sedar.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, each of Frontera and CGX disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although each of Frontera and CGX believes that the assumptions inherent in the forward-looking statements applicable to it are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

For Further Information:

Frontera:
Grayson Andersen
Corporate Vice President, Capital Markets
+57-314-250-1467
ir@fronteraenergy.ca

www.fronteraenergy.ca


CGX:
Brooks Lyons
Manager, Commercial & Business Development
+1-832-300-3200
blyons@cgxenergy.com
Tralisa Maraj, Chief Financial Officer
+1-832-300-3200

Grosvenor Announces Investment in Restricted Voting Shares of Kinder Morgan Canada Limited

Toronto, Ontario–(Newsfile Corp. – January 10, 2019) – Grosvenor Capital Management, L.P. (Grosvenor) announces that, on behalf of client funds of Grosvenor (Investors), it beneficially owns and controls 3,302,966 restricted voting shares (Restricted Voting Shares) of Kinder Morgan Canada Limited (Kinder Morgan Canada), representing a decrease below 10% of the Issuer’s issued and outstanding Restricted Voting Shares.

On January 9, 2019, Grosvenor disposed of, on behalf of Investors, (the Disposition) 207,950 Restricted Voting Shares of Kinder Morgan Canada representing approximately 0.60% of the outstanding Restricted Voting Shares. The Restricted Voting Shares were disposed of through the facilities of the Toronto Stock Exchange at an average price of C$14.9655 per Restricted Voting Share, for a total value of approximately C$3,112,067.

Prior to the completion of the Disposition, Investors beneficially owned or controlled 3,510,916 Restricted Voting Shares, representing approximately 10.07% of the issued and outstanding Restricted Voting Shares. Immediately following completion of the Disposition, Investors beneficially owned or controlled an aggregate of 3,302,966 Restricted Voting Shares representing approximately 9.47% of the outstanding Restricted Voting Shares.

Grosvenor has a long-term view of the investment and may acquire additional securities of Kinder Morgan Canada either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Kinder Morgan Canada’s head office is located at Suite 2700, 300 – 5th Avenue S.W., Calgary, Alberta, T2P 5J2.

A copy of an “Early Warning Report” filed with the applicable Canadian securities regulatory authorities will be available under Kinder Morgan’s profile at www.sedar.com and may also be obtained by contacting Burke Montgomery or Lilly Farahnakian at Grosvenor at (312) 506-6500 or at 900 North Michigan Avenue, Suite 1100, Chicago IL 60611 USA.

UGE Signs Contract to Develop Community Solar Project in New York City

Toronto, Ontario–(Newsfile Corp. – January 10, 2019) – UGE International Ltd. (TSXV: UGE) (the “Company” or “UGE”), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce it has signed a contract to develop a new community solar project in Staten Island, New York.

Community Distributed Generation (“CDG”) is the fastest growing segment of commercial solar, within which UGE is an industry leader. Having developed the first such project in New York City last year, UGE has reinforced itself as an industry innovator with additional project wins thereafter. Through UGE’s innovative approach, the building owner collects rent for roof space, upon which UGE installs a solar system. Energy from the solar system is sold to community members, who purchase solar energy at a price lower than their utility rate.

The building this project is located on is a production facility run by a family business, focused on custom kitchen cabinetry. UGE’s approach has already facilitated ongoing conversations with the building owner about additional partnership opportunities for solar in the region. At 304kW, the project’s value exceeds $600,000.

“UGE is excited to build this project and lead the development of CDG projects in New York City,” said Mateo Chaskel, UGE’s Director of Development. “This market represents an enormous opportunity for solar. We are excited to be pursuing further opportunities for solar in the area and providing real benefits to the community.”

About UGE International Ltd.

UGE delivers immediate savings to businesses through its low cost solar energy solutions. UGE helps commercial and industrial clients become more competitive by providing distributed renewable energy solutions at no upfront cost, thus generating long-term economic and environmental returns. With over 375 MW of global experience and over 630 projects completed, UGE works daily to power a more sustainable world. Visit us at www.ugei.com.

For more information, contact:

917-720-5685
investors@ugei.com

Smartcool Announces that 2018 4th Quarter Sales Exceed 2.4 Million Dollars

Highest Quarterly Sales Achieved in the Company’s History

Vancouver, British Columbia–(Newsfile Corp. – January 9, 2019) – Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that sales for the 4th Quarter 2018 exceeded $2,400,000 CDN. This is the highest quarterly sales achieved in the company’s history.

“I’m extremely excited about the sales that our team has achieved last quarter. It is becoming clear to me that these sales are not an anomaly. The sales funnel has continued to grow and we are seeing that advance into the first quarter with many multilocation opportunities proceeding to rollout of our technologies.” explained CEO Konyi “Total Energy Concepts (TEC) continues to accelerate their sales and has developed its sales funnel at an unprecedented rate. Activity in the UK continues to grow and should produce a substantial result for 2019”

Damian Smith, President of TEC commented “The cost of electricity and the cost to maintain equipment seems to be increasing exponentially, which means more expenses for a company’s bottom line. What TEC brings to the table not only helps business cut expenses, save energy, and improve efficiency and infrastructure, but we also bring years of engineering expertise to ensure what we bring to the customer is the best possible solution that will improve the bottom line and energy efficiency immediately. And with our $0 capital required procurement option, we can deliver positive cash flow results month after month, year after year. The time is now to save energy and help business owners give their business a raise!”

In the US, TEC is also benefiting from the REAP Grant program that has been extended to 2023, which can pay for up to 25% of energy efficiency project costs in rural communities. The program has already provided funding for some TEC projects and others are being considered.

Smartcool is currently negotiating sales channels with major companies and distributers in Europe, Asia and around the world that, if successful, should add to the overall revenue and profitability in 2019.

About Smartcool

Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%.

Total Energy Concepts (TEC), a wholly owned subsidiary of Smartcool, is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.

For more information please visit www.smartcool.net and www.totalenergyconcepts.com

Investor Inquires
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632       EMAIL mike.kordysz@smartcool.net

Legal Notice Regarding Forward Looking Statements

This news release contains “forward looking statements”. Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” and words of similar meaning. Forward-looking statements are based on management’s current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company’s belief in the growth opportunities in the Israel. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company’s website, www.smartcool.net.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.