Empower Technologies Early Conversion of Its Convertible Debentures into Shares
December 2nd, 2010 – Richmond, British Columbia, Canada
– Empower
Technologies Corporation (TSX.V: EPT) ("Empower") announces that, the Company is in the process of entering into an agreement of converting of debentures into shares with most of its debenture holders. Under the agreement the parties will agree and accept converting their debt due amount into shares at $0.20 per share. The exact amount will be announced once the Company receives all the signed agreements.
About Empower Technologies™
Founded in 2000, Empower Technologies (TSX.V: EPT) is an
innovative company that brings the power and flexibility of the LEOs® (Linux
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, “BullsEye” Video Imaging Technology, “PowerPlay™”, smart
consumer electronics.
|