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Empower Technologies™ Announces Brokered Private Placement & Repricing of Warrants

Richmond, British Columbia – January 29 , 2007 - Empower Technologies Corporation (“Empower” or “the Company”) (TSX.V: EPT) is pleased to announce its plan to conduct a Brokered Private Placement of units (the “Units”) with Union Securities Ltd in Toronto (“the Agent”).

This Brokered Private Placement of up to 1,700,000 Units (the “Offering”) is priced at $0.90 per Unit for a total of $1,530,000 if the maximum Offering is reached. Each Unit will consist of one common share and one-half a common share purchase warrant. Each whole warrant has an exercise price of $1.25 with a 12 month expiry date from the date of closing. The Company will grant to the Agent an over-allotment option (“Over-Allotment Option”) to purchase up to an additional 170,000 Units issued on Closing, at a price of $0.90 each. Upon Closing, the Agent is to receive commission of 8% in cash based on Units sold pursuant to the Offering and the Over-Allotment Option payable at Closing. In addition, the Company will issue to the Agent, at Closing, compensation options (the “Agent's Compensation Options”) equal to 10% of all Units sold pursuant to the Offering and the Over-Allotment Option. Each Agent's Compensation Option entitles the Agent to purchase one Unit of the Company at the Issue Price per Unit at any time prior to the date that is 24 months from the Closing Date.

This Brokered Private Placement is subject to regulatory approvals.

Empower is also pleased to announce that it proposes to reprice its 1,593,185 share purchase warrants (the “Warrants”) that currently have an exercise price of $2.50 each and expire June 20, 2007. The Company proposes to reduce the exercise price to $1.25 per share.

The TSX Venture Exchange requires that for the proposed repricing of the Warrants, the exercise period must be amended to be shortened to a period of 30 days if, for 10 consecutive trading days, the closing price of the Company's shares exceeds the revised exercise price by 25% or $0.31.

The proposed repricing of the Warrants is subject to TSX Venture Exchange and warrantholders' approval.

Empower is also pleased to announce the renewed investor relation contract (“the Agreement) with David Flynn. The Agreement between Empower and Mr. Flynn has a term to December 31, 2007, which may be extended for a further three months by mutual agreement, and provides for compensation of $15,000 per month.

About Empower Technologies™

Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs® (LinuxDA™ Embedded Operating System) to the dynamic Consumer Electronics Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software, 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®, based on Texas Instruments™ embedded CPU platform, that fulfill the needs, demands of developers and the Consumer Electronics Industry. Empower is continuing to develop LEOs® and newer versions of embedded CPUs in line with Texas Instruments™.

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 “LEOs®”, “LinuxDA™”, Linux-based embedded operating systems and “PowerPlay™”, smart consumer electronics.

Contact Information:

Media Enquiries:
Paul Leung – Chairman, President and CEO: pcleung@empowertechnologies.com or via Tel @ (604) 278-3100
Investor Relations: investorline@empowertechnologies.com
More Information on Empower Technologies: www.empowertechnologies.com
Sales Enquiries: sales@empowertechnologies.com or via Tel @ (604) 278-3100

Paul Leung
Chairman, President and CEO

Empower Technologies Corporation
# 405-5600 Parkwood Way
Crestwood Commerce Centre
Richmond , BC , Canada V6V 2M2

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.


© 2007 Empower Technologies