Empower Technologies Corporation Announces Closing of Initial Public Offering

Richmond, British Columbia - September 19, 2003: - Empower Technologies Corporation (“Empower”) announced today that it has successfully completed its initial public offering (“IPO”) for gross proceeds of $1,705,988. Empower issued 4,874,252 units at a price of $0.35 per unit, with each unit consisting of one common share and one transferable warrant (“Unit Warrant”) exercisable to acquire one further share at $0.45 per share for one year.

Concurrent with completion of the IPO, Empower has completed the merger (“Merger”) with Empower Technologies, Inc. (“Empower US”), whereby Empower US is now a wholly-owned subsidiary of Empower. In accordance with the Merger, Empower issued 14,614,665 common shares to the former shareholders of Empower US, of which 9,450,000 shares were issued to Shelbourne Trust Company (BVI) Limited in trust for PAL Trust. The 9,450,000 shares together with a further 750,000 shares held by a former officer of Empower US are subject to an escrow agreement which provides for an immediate release of 10% of such shares and releases of 15% every 6 months thereafter.

The agent for the IPO was Canaccord Capital Corporation (“Agent”) and its fees for the IPO included a cash commission of $136,479, being 8% of the gross proceeds of the IPO. The Agent also received non-transferable warrants (“Agent’s Warrants”) equal to 20% of the units sold in the IPO, exercisable to acquire up to 974,850 common shares of Empower at $0.45 per share for one year. The Agent has also received common shares of Empower as a corporate finance fee.

With the completion of the IPO and the Merger, there are currently 20,889,235 common shares of Empower issued and outstanding. The common shares of the Company are expected to trade under TSX Venture Exchange symbol EPT and the Unit Warrants under symbol EPT.WT.
Empower has established its 2003 Share Option Plan (“Share Option Plan”) pursuant to which it may grant options for up to 4,177,847 common shares. In accordance with the Share Option Plan, Empower has granted to certain directors, officers and employees, options to purchase up to 2,520,000 shares at a price of $0.35 per share for a period of five years.

The TSX Venture Exchange (“Exchange”) has conditionally approved listing of the common shares and the Unit Warrants and, subject to final review by the Exchange; these securities will commence trading shortly. Empower anticipates that trading will commence on Tuesday, September 23, 2003.

For further information, please contact:

Media Enquiries:
Paul Leung - President & CEO. 604-278-3100 or pcleung@empowertechnologies.com
Linux DA O/S Sales Enquiries: sales@empowertechnologies.com or Tel 425-881-0909
More Information on Empower Technologies Inc: www.empowertechnologies.com
Empower Technologies Corporation,

Paul Leung - President & CEO

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.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.