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SmartHeat Inc. To Report 2009 Financial Results On March 31, 2010 Before US Market Opens

NEW YORK, March 16 /PRNewswire-Asia/ -- SmartHeat Inc. (Nasdaq: HEAT), a market leader in China's clean technology, energy savings industry, announced today that SmartHeat plans to report audited 2009 financial results by 7 am EDT, Wednesday, March 31, 2010.

SmartHeat management will host an earnings conference call to discuss its 2009 financial results and business outlook for 2010 after the earnings release.

Investor Conference Call Instructions:

Date and time: 7:30 am U.S. Eastern Daylight Time, Wednesday March 31, 2010

Participant dial-in numbers:  

U.S. toll free number:   1 888 339-2688

International direct dial-in:   1 617 847-3007

Conference pass code:   119 470 41

About SmartHeat Inc.

Founded by James Jun Wang, a former executive at Honeywell China, SmartHeat Inc. ( www.smartheatinc.com) is a NASDAQ Global Market listed (Nasdaq: HEAT) US company with its primary operations in China. SmartHeat is a market leader in China's clean technology energy savings industry. SmartHeat manufactures standard plate heat exchangers (PHEs), custom plate heat exchanger units (PHE Units) and heat meters. SmartHeat's products directly address air pollution problems in China where massive coal burning for cooking and heating purposes is the only source of economical heat energy in China. With broad product applications, SmartHeat's products significantly reduce heating costs, increase energy use and reduce air pollution. SmartHeat's customers include global Fortune 500 companies as well as municipalities and industrial/residential users. China's heat transfer market is currently estimated at approximately $2.4 billion with double-digit annual growth according to China Heating Association.

Safe Harbor Statement

All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ from the company's expectations. SmartHeat's actual results may differ from its projections. Further, preliminary results are subject to normal year-end adjustments. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect SmartHeat's current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in SmartHeat's filings with the Securities and Exchange Commission.

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