Empower Technologies™ Retains Exponent Communications Inc. for Investor Relations
Richmond, British Columbia – May 31, 2007 - Empower Technologies Corporation (“Empower”) (TSX.V: EPT) is pleased to announce that it has retained the service of Exponent Communications Inc. (“Exponent”) of White Rock, BC to provide investor relations service effective June 1, 2007. This is part of Empower's ongoing effort to consistently making upgrades in all areas of the corporation to improve the costs, the quality of the service and the results of the operation.
The principal of Exponent, Mr. Marc Boivin utilizes the latest communication techniques and technologies to help companies to manage their investor relations. It also applies the most advanced IT based CRM (Customer Relation Management) system to ensure a high quality service to the investors and their clients. Exponent service is to include advising Empower on the best practice of investor relations, introducing Empower to industry professionals, maintaining a database of investors, brokers, and financial contacts, and communicating with shareholders, other investors and financial communities.
The agreement between Empower and Exponent has a term to August 31, 2007, which may be extended for a further three months by mutual agreement, and provides for compensation of $4,000 in the month of June, 2007 and $3,500 per month thereafter. Exponent is at arm's length to Empower, is also to receive stock options for 30,000 shares of Empower exercisable at $0.90 each for twelve (12) months, subject to certain vesting provisions, and TSX Venture Exchange and regulatory approvals.
Exponent can be reached at:
Toll-free : (866) 914-5861
Telephone: (778) 292-1174
Facsimile: (778) 292-1176
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 embedded computing 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 and demands of developers and the embedded computing 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 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.
Empower Technologies, LEOs, PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
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