Empower Technologies
Conversion of Its Debt to the directors into Shares
February 9, 2011 – Richmond, British Columbia, Canada –
Empower Technologies Corporation (TSX.V: EPT) ("Empower”),
announces that, the Company reached an agreement with its directors to convert
all its debt to the directors into shares. Under the agreement a total of
1,440,000 common shares at $0.15 each will be issued for its $216,000 debt to
the directors. The price reservation and the conversion of the debt are subject
to TSX Venture Exchange approval.
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.
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