Empower Technologies™ Received TSXV Final Approval on the Conversion of Loan to a Convertible Loan

FOR IMMEDIATE RELEASE

 

 

Empower TechnologiesTM Received TSXV Final Approval on the Conversion of Loan to a Convertible Loan

 

March 28, 2013 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V:  EPT) (“Empower”) announced, further to the news release on November 1, 2011, February 10, 2012, February 13, 2012 and December 6, 2012 and in accordance with TSX Venture Exchange (“TSXV”) policies, the Company has received the TSXV final approval on the Conversion of Loan to a Convertible Loan as stated in the December 6, 2012 news release and a maturity date of November 27, 2017 (the “Convertible Debenture”). This non-brokered private placement of a Convertible Debenture is now closed and completed.

 

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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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: mediaenquiries@empowertechnologies.com“> mediaenquiries@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

 

The statements contained in this news release that are not historical facts are forward looking statements, including without limitation, statements regarding the timing and terms of the Company’s anticipated completion of the acquisition of Northstar Network Ltd.  Such statements are based on management’s estimates, assumptions and projections using available information at the time of this news release.  The Company cautions that actual results could differ materially from the current expectations due to a number of factors, including failure to satisfy the conditions to closing within the time required and on terms satisfactory to the parties.  There is no assurance that the Company will complete the transaction on the terms anticipated or at all.

 

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