Empower Technologies™ Announces a Non-Brokered Private Placement of Units to Raise Up to $1,200,000

FOR IMMEDIATE RELEASE

 

 

Empower Technologies™ Announces a Non-Brokered Private Placement
of Units to Raise Up to $1,200,000

 

 

July 2, 2013 – Richmond, British Columbia, CanadaEmpower Technologies Corporation (TSX.V: EPT) (“Empower”) announces it is proceeding with a non-brokered private placement of units (the “Offering”) to raise up to $1,200,000. The Offering is not subject to any minimum and is to be of up to 12,000,000 units (the “Units”) at $0.10 per Unit, with each Unit consisting of one share and one half warrant. Each whole warrant is exercisable into one common share for a period of one year at $0.15 per share. The warrants will be non-transferable. The proceeds of the Offering will be mainly used to finance sales and marketing of the products and services offered by the Empower Group and general working capital. Furthermore, part of the proceeds will also be used to facilitate active pursuit of legal options to materialize and to maximize the monetary value of the Company’s US Patent No. 7,280,695 titled “System and Method of pen-based data input into a computing device”. 

 

The Offering is subject to acceptance by 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.

 

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This news release includes forward-looking information within the meaning of applicable securities laws.  All statements included in this news release that are not historical facts are forward looking statements, including statements regarding management’s plans for the Company’s business and anticipated future performance of the Company.  Such statements are based on management’s current estimates, assumptions and projections using available information. These statements are not guarantees of the Company’s future performance and are subject to risk uncertainties and other important factors, which could cause the Company’s actual performance to be different from that projected. Factors that could cause actual results to differ materially from these forward- looking statements include those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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About Empower Technologies™

 

Founded in 2000, Empower Technologies (TSX.V: EPT) has transformed from an embedded technology company to a full-fledged innovative technology, products and services and manufacturing company. Empower Technologies as a group caters to security and surveillance, military, automotive and transportation, healthcare, industrial control and consumer electronics industries.  Under the Empower Group, the Company has three operating divisions – Empower Embedded Engineering, Empower Imaging Laboratories and Empower Defense Systems. For more information, please visit www.empowertechnologies.com.

 

Empower’s brands are “LEOs®”, Linux-based embedded operating systems, “BullsEye”, Real-Time Video Stabilizer, “PowerPlay™”, smart consumer electronics.

 

Contact Information:

 

Media Enquiries: info@empowertechnologies.com“> info@empowertechnologies.com or via Tel @ (604) 278-3100

 

Investor Relations: investorline@empowertechnologies.com“> investorline@empowertechnologies.com

 

More Information on Empower Technologies:   www.empowertechnologies.com

 

Sales Enquiries:   sales@empowertechnologies.com“> 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

 

 

Empower Technologies, LEOs, PowerPlay and BullsEye are the trademarks of Empower Technologies, Inc.  All other brands are trademarks of their respective owners.