FSC / Press Release
Empower Technologies(tm) Announces a Non-Brokered Private Placement of Units to
Raise Up to $300,000
January 16, 2013 - Richmond, British Columbia, Canada - Empower Technologies
Corporation (http://www.empowertechnologies.com/)(TSX.V: EPT)(Empower")
announces it is proceeding with a non-brokered private placement of units (the
"Offering") to raise up to $300,000. The Offering is not subject to any minimum
and is to be of up to 6,000,000 units (the "Units") at $0.05 per Unit, with each
Unit consisting of one share and one half warrant. Each whole warrant is
exercisable into one common share for a period of one year at $0.10 per share.
The warrants will be non-transferable. The proceeds of the Offering will be used
to finance the ramping up of the operations and purchase order(s) of the newly
formed wholly-owned subsidiary Empower Defense Systems Inc. ("EDS") and general
The Offering is subject to acceptance by TSX Venture Exchange.
Neither 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 release.
About Empower Technologies(tm)
Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that
brings the power and flexibility of the LEOs(r) (Linux Embedded Operating
System) to the dynamic embedded computing Industry and the emerging Intelligent
Appliance Market, through their development of Linux-based operating software
and embedded system technologies and solutions.
The products and services that form the base of its business activities include
an embedded system development platform for LEOs(r), based on Texas
Instruments(tm) embedded CPU platform, that fulfill the needs and demands of
developers and the embedded computing Industry. Empower is continuing to
develop LEOs(r) and newer versions of embedded CPUs in line with Texas
By uniting top professionals from within the computer industry and developing
quality partnerships and strategic alliances, Empower is committed to being the
leading developer of Linux-based operating software and embedded system
technologies and solutions for electronics manufacturers and developers.
Empower's brands are "LEOs(r)", "LinuxDA(tm)", Linux-based embedded operating
systems, "BullsEye" Video Imaging Technology, "PowerPlay(tm)", smart consumer
email@example.com or via Tel @ (604) 278-3100
Investor Relations: firstname.lastname@example.org
More Information on Empower Technologies: www.empowertechnologies.com
Sales Enquiries: email@example.com or via Tel @ (604) 278-3100
Chairman, President and CEO
Empower Technologies Corporation
# 130-3751 Shell Road
Airport Executive Park
Richmond, BC, Canada V6X 2W2
The statements contained in this news release that are not historical facts are
forward looking statements. Such statements are based on management's
estimates, assumptions and projections using available information. The company
cautions that actual financial results could differ materially from the current
expectations due to a number of factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
terms are defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Empower Technologies, LEOs, PowerPlay, LinuxDA and BullsEye are the trademarks
of Empower Technologies, Inc. All other brands are trademarks of their
To view this press release as a web page, click onto the link below:
Source: Empower Technologies Corporation (TSX-V: EPT)
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-0- Jan/16/2013 13:00 GMT
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