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Investor Relations Agreement and Stock Options
Richmond , British Columbia - November 29, 2005 - Empower Technologies Corporation ("Empower") ("TSXV: EPT") is pleased to announce that it has retained the services of David Flynn of Richmond Hill , Ontario to provide investor relations services.
Mr. Flynn has many years of experience in investor relations and his services are to include introducing Empower to industry professionals, maintaining a data base of investors, brokers, and contacting shareholders, other investors and industry professionals.
The agreement between Empower and Mr. Flynn has a term to February 11, 2006, which may be extended for a further three months by mutual agreement, and provides for compensation of $7,000 per month other than for the month of December, 2005. Mr. Flynn, who is at arm's length to Empower, is also to receive stock options for 30,000 shares of Empower exercisable at $2.11 each for one year, subject to certain vesting provisions.
Empower has also granted or has approved the grant, to officers and employees of Empower, of options for 675,000 shares at $1.76 each for five years, options for 100,000 shares at $2.10 each for five years and options for 25,000 shares at $2.12 each for five years.
About Empower TechnologiesT
Founded in 2000, Empower Technologies is an innovative company that brings the power and flexibility of the LINUX Operating System (O/S) to the Consumer Electronics Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software, embedded system technologies and solutions for the consumer electronics industry and the intelligent appliance market.
The products and services that form the base of its business activities include an embedded system development platform for its LinuxDA Embedded O/ST, based on Texas InstrumentsT OMAP5910 dual core CPU platform, that fulfills the needs and demands of developers and the dynamic consumer electronics industry. Empower is continuing to develop LinuxDA Embedded O/ST and newer versions of embedded CPU's in line with Texas InstrumentsT.
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 consumer electronics manufacturers and developers.
Empower's brands are "LinuxDAT", Linux-based embedded operating systems and "PowerPlayT", smart consumer electronics.
Contact Information:
Media Enquiries:
Paul Leung - Chairman, President and CEO (604) 278-3100 or pcleung@empowertechnologies.com
More Information on Empower Technologies: www.empowertechnologies.com
LinuxDAT O/S Sales Enquiries: sales@linuxda.com or Tel 425-881-0909
" Paul Leung "
_____________________________
Chairman, President and CEO
Empower Technologies Corporation
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.
PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
Empower Technologies
Contact Information:
Media Enquiries:
Paul Leung - Chairman, President and CEO: pcleung@empowertechnologies.com
or via Tel @ (604) 278-3100
More Information on Empower Technologies: www.empowertechnologies.com
LEOs ® Sales Enquiries:
sales@empowertechnologies.com or via Telephone @ 604-278-3100
Paul Leung
Chairman, President and CEO
Empower Technologies Corporation
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.
LEOs , PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners. |
