NASDAQ Suspends Smartheat Inc.

NASDAQ Suspends Smartheat Inc.

NEW YORK, Nov. 7, 2012 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market^®
(Nasdaq:NDAQ) announced that Smartheat Inc. (HEAT), which has been subject to
a trading halt since May 30, 2012, will be suspended from the NASDAQ Stock
Market effective November 9, 2012. As a result of the suspension, Smartheat
may be eligible to resume trading in the over the counter market. The
suspension is the result of a final determination to delist the Company's
shares issued by the Panel after a hearing on the matter. NASDAQ will file a
Form 25 Notification of Delisting with the Securities Exchange Commission upon
the expiration of applicable appeal periods.

For news and additional information about the company, please contact the
company directly or check under the company's symbol using InfoQuotes^SM on
the NASDAQ^® Web site.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site
at http://www.nasdaq.com.

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