New President & CEO For SmarTire

The board of directors of SmarTire Systems Inc. has promoted Vice President of Sales and Marketing, David Warkentin to President & Chief Executive Officer of SmarTire. Prior to joining SmarTire in August 2005, Warkentin was the vice president of sales for Intrinsyc Software International, Inc., a Canadian public company that provides engineering services to wireless mobile device makers and licensable software for the wireless telephone handset market.

From 2000 until 2004, Warkentin was the director of sales for Silent Witness Enterprises Ltd., a Canadian company that manufactures security cameras and digital video recorders targeted to the financial, educational and corrections markets. Also during 2000, Warkentin was the North American sales manager for Digital Dispatch Systems, where he was responsible for a sales team selling mobile dispatch hardware and software solutions directly to end-users.

Robert Rudman, chairman of the board of directors, said, “Dave has had an extremely positive impact on SmarTire. Directing our sales and marketing efforts, he has successfully built an impressive portfolio of commercial customers that is now translating into rapid revenue growth. Dave has the right vision and skill set to drive SmarTire forward in a decisive manner. He has earned the highest respect from his colleagues and from our board of directors. Dave replaces Leif Pedersen. Leif has resigned as he decided to pursue other business in Europe and not to relocate to Vancouver. We thank him for his excellent contributions over the past six months.”