Subscription ClosedFrom: <alerts@GlobeinvestorGOLD.com>Subject: EPT-X: Empower Technologies(tm) Announces Closing of Fully Subscribed Non-Brokered Private Placement of $660,000
Date: April-01-11 2:24 PM
GlobeinvestorGOLD.com Company News Alert for Empower Technologies Corp.
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Empower Technologies(tm) Announces Closing of Fully Subscribed Non-Brokered Private Placement of $660,000
Filing Services Canada Inc.
FSC / Press Release
Empower Technologies(tm) Announces Closing of Fully Subscribed Non-Brokered Private Placement of $660,000
Richmond, British Columbia CANADA, April 01, 2011 /FSC/ - Empower Technologies Corporation (EPT - TSX Venture), is pleased to announce its closing of a non-brokered private placement of Units (the "Units"). The private placement was for 3,300,000 Units (the "Offering") at a price of
.20 per Unit for a total of $660,000. Each Unit consists of one common share and one half share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share (the "Additional Share") for a period of two year from the date of issue at a price equal to
.25 per Additional Share.
The completion of this non-brokered private placement is subject to final approval of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Empower Technologies(tm)
Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs(r) (Linux Embedded Operating System) to the dynamic embedded computing Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software and 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(r), based on Texas Instruments(tm) embedded CPU platform, that fulfill the needs and demands of developers and the embedded computing Industry. Empower is continuing to develop LEOs(r) and newer versions of embedded CPUs in line with Texas Instruments(tm).
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(r)", "LinuxDA(tm)", Linux-based embedded operating systems, "BullsEye" and "Image Signal Correction", Video Imaging Technology, "PowerPlay(tm)", smart consumer electronics.
Contact Information:
Media Enquiries:
mediaenquiries@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
# 130-3751 Shell Road
Airport Executive Park
Richmond, BC, Canada V6X 2W2
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Empower Technologies, LEOs, PowerPlay, LinuxDA and BullsEye are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
To view this press release as a web site, click onto the link below:
https://www.usetdas.com/PR/empower04012011.htm
Source: Empower Technologies Corporation (TSX-V EPT) htt://www.empowertechnologies.com
Maximum News Dissemination by Filing Services Canada Inc. https://www.usetdas.com
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