Exhibit 99.1
SmarTire Systems Inc.
Suite 150, 13151 Vanier Place
Richmond, British Columbia
Canada, V6V 2J1 [LOGO]
SMARTIRE(R)
T: 604.276.9884
F: 604.276.2350
www.smartire.com
OTCBB: SMTR
NEWS RELEASE - August 9, 2005
Contact:
Hawk Associates at (305) 451-1888
Email: info@hawkassociates.com
SmarTire Announces New VP Sales and Marketing
Richmond, British Columbia, Canada, August 9, 2005 -- SmarTire Systems Inc. (OTC
Bulletin Board: SMTR) announced today that it has recruited David Warkentin as
its new Vice President of Sales and Marketing.
Warkentin brings over 25 years of sales, sales management and marketing
experience in emerging technology sectors to the company. Since 1985, he has
held positions with companies such as Glenayre Technologies and John Fluke
Manufacturing, which were active in various technology markets including
wireless telecommunications and electronic security. Warkentin has also owned
and managed companies in the dealer and distribution channels in the wireless
telecommunications sector.
Warkentin was responsible for sales at Silent Witness during its growth from $25
million to $58 million culminating in the acquisition of the company by
Honeywell Video Systems. Most recently, he was Vice President of Sales and
Marketing for Intrinsyc Software International.
Al Kozak, CEO of SmarTire, said, "David Warkentin brings extensive experience in
wireless technology growth markets, and his entrepreneurial outlook is
consistent with the vision for SmarTire. He will be a perfect fit as Vice
President of Sales and Marketing for our company."
About SmarTire Systems Inc.
SmarTire develops and markets proprietary advanced tire pressure monitoring and
technology systems for the global automotive and transportation industries. The
U.S. government, through the TREAD Act, has legislated that all new passenger
vehicles must be equipped with tire monitoring systems beginning with a phased
implementation in 2004. SmarTire is capitalizing on the rapidly emerging OEM and
aftermarket opportunities. The company's vision is to become the preeminent
provider of wireless sensing and control systems for vehicles worldwide.
Incorporated in 1987, SmarTire has offices in North America and Europe.
A comprehensive investment profile regarding SmarTire Systems Inc. may be found
at http://www.hawkassociates.com/smartire/profile.htm.
Additional information about SmarTire Systems can be found at
http://www.smartire.com. An online investor relations kit containing SmarTire
press releases, SEC filings, current price Level II quotes, interactive Java,
stock charts and other useful information for investors can be found at
http://www.hawkassociates.com and http://www.hawkmicrocaps.com. Investors may
contact Frank Hawkins or Julie Marshall of Hawk Associates at (305) 451-1888,
e-mail: info@hawkassociates.com.
This release contains various forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended which represent the company's
expectations or beliefs concerning future events of the company's financial
performance. These forward-looking statements are further qualified by important
factors that could cause actual results to differ materially from those in the
forward-looking statements. These factors include the effect of competitive
pricing, the company's dependence on the ability of third-party manufacturers to
produce components on a basis which is cost-effective to the company, market
acceptance of the company's products and the effects of government regulation.
Results actually achieved may differ materially from expected results included
in these statements. The company is under no obligation to, and expressly
disclaims any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events or otherwise.