Empower Technologies™ Announces $454,000 Financing of Loan Agreement with the Directors and Officers of the Company and a Non-Brokered Private Placement of Units

FOR IMMEDIATE RELEASE     Empower Technologies™ Announces $454,000 Financing of Loan Agreement with the Directors and Officers of the Company and a Non-Brokered Private Placement of Units   June 17, 2014 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT)(“Empower”) announces $454,000 financing that made up of a Loan Agreement the Company entered on May 12th, 2014 with the non-arm’s length Directors and Officers of the Company (the “Lender”) in the amount of $400,000 (the “Loan”) and a non-brokered private placement of units in the amount of $54,000 (the “Private Placement”).   The Loan will be secured by a general security interest granted by Empower at an interest rate of 12% per annum, and will be repayable on or before June 30, 2015 subject to certain terms and conditions. Early retirement of the Loan will have a three (3) months interest penalty on the principal amount repaid. The Loan will be mainly used as general working capital for Empower and working capital for Empower’s newly acquired subsidiary AIC Global Communications Inc. to finance major new internet service expansion plan and to launch a major sales and marketing plan to acquire new subscribers and to convert existing subscribers to higher value bundles.   In connection with the loan, Empower will issue, at no additional consideration and subject to Empower receiving the prior approval of the TSX Venture Exchange, 1,600,000 common shares in the capital of Empower (the “Shares”). The Shares shall be duly issued to the Lender effective as the Borrower received TSX Venture Exchange Inc. approval of the Shares and the Loan is available to the...

Empower Technologies™ Announces Appointment of New Director

FOR IMMEDIATE RELEASE Empower Technologies™ Announces Appointment of New Director June 13th, 2014 – Vancouver, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) is pleased to announce that Mr. Masaaki Yasukawa (“Yasukawa-san”) has been appointed to its Board of Directors. Currently, Yasukawa-san is retained by a European corporation to head a joint venture assignment in Japan. Most recently, he was the Country General Manager of Lexmark International for Japan. He had been CEO for Anoto Maxell KK and Nam Tai Electronics Inc. Prior to that, he was with Seiko Epson Corporation for 25 years held various positions in Japan and overseas within the organization. His last post at Seiko Epson was General Manager. Yasukawa-san is a graduate of the prestigious Tokyo University in mechanical engineering. He also received his MBA from the University of Michigan in the US. Yasukawa-san’s immense knowledge in the consumer electronics industry, international and major corporate sales and marketing experience and in-depth management skills in some of the largest consumer electronics and OEM corporations in the industry are valuable asset for the Empower board and the senior management to draw on. This is especially important for Empower as the Company is entering the Internet of Things economy to have a senior advisor like Yasukawa-san to assist the board and the senior management to plot the best path to become a dominant world class Internet of Things Service Provider. The term Internet of Things (commonly abbreviated as IoT) as defined in the Cisco website (http://www.cisco.com/web/solutions/trends/iot/overview.html) “is the network of physical objects accessed through the Internet, as defined by technology analysts and visionaries. These objects contain...

Empower Technologies™ Converting Debt into Shares

FOR IMMEDIATE RELEASE Empower Technologies™ Converting Debt into Shares June 4, 2014 – Vancouver, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) announces that, the Company reached an agreement with its directors and employees to pay their outstanding debts in shares. Under the agreement a total of 2,500,000 common shares at $0.05 each will be issued for $125,000 outstanding debt to the directors and the employees. The price reservation and the conversion of the debt are subject to TSX Venture Exchange approval. 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. ### This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the expected benefits of the acquisition of AIC are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that...

Empower Technologies™ Reports Fiscal 2013 Financial Results

FOR IMMEDIATE RELEASE Empower Technologies™ Reports Fiscal 2013 Financial Results May 2, 2014 – Vancouver, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) today reports financial results for the three months and fiscal year ended December 31, 2013. All financial information is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards (“IFRS”), except as otherwise noted. Empower Technologies (the “Company”) has completed its transformation from an embedded technology company into a full fledge revenue producing corporation through its operating subsidiaries. The Company was found on its core technology – engineered embedded hardware and software and later real-time image processing technology. Leveraging on its embedded and imaging technology knowhow and expertise, the Company has acquired a telecommunication company on July 31, 2013 to provide the sale and marketing platform for the fully developed embedded and real-time image processing products and services. On July 31, 2013, Empower has closed the purchase of AIC Global Communications Inc. (“AIC”). By acquiring AIC, Empower has gained a very strong and recognizable brand in the Canadian telecommunication market, a sale and marketing platform for its embedded and video technologies, products and services and a telecommunication operating system platform. It also increases the revenue base of the Company. The Acquisition will provide AIC ability to access the growth capital from the public market when the needs arise. This ability will enable AIC to grow its VoIP phone services and fuel its expansion to full service SME Information Technology (“IT”) and managed business solution market that include security and surveillance, cloud based applications and other IT products and services....

Empower Technologies™ Moves Head Office to Downtown Vancouver Financial District

FOR IMMEDIATE RELEASE Empower Technologies™ Moves Head Office to Downtown Vancouver Financial District January 31, 2014 – Vancouver, British Columbia, Canada – Empower Technologies Corporation(TSX.V: EPT) (“Empower”) announces effective February 1st, 2014 the Company will be relocated to their new office right in the heart of Vancouver’s financial district downtown. This new location brings the Company to the front step of the investment and financial community in Vancouver. Empower’s new office will also serve as the head office for Empower’s new subsidiary “AIC Global Communications Inc.” The AIC head office will house its National Operation Centre (NOC) to monitor and control its telecommunication network serving its residential and business customers across Canada. AIC currently has four retail customer service centres located in Vancouver/Burnaby, Calgary and Toronto. “This office move signifies Empower has grown into an enterprise with revenue producing operating subsidiaries. Empower Technologies Corporation, the parent company is performing well as the financing engine and leader to strategize, to manage and to monitor its revenue producing subsidiaries; to execute merger and acquisition plan to acquire synergistic revenue producing companies that will either leverage Empower’s embedded technology, products and services to expand their product offering and revenue growth or further enhance its revenue producing subsidiaries’ competitiveness and market share.” Said Paul Leung, the CEO of Empower Group. Empower Technologies new head office address is Suite 951 – 409 Granville Street, Vancouver, BC, Canada  V6C 1T2. 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. ### This news release includes certain...

Empower Technologies™ Announces TSXV Approval of 2,400,000 Empower Bonus Shares to the Company Directors and Officers for Providing a $600,000 Loan

FOR IMMEDIATE RELEASE Empower Technologies™ Announces TSXV Approval of 2,400,000 Empower Bonus Shares to the Company Directors and Officers for Providing a $600,000 Loan December 17, 2013 – Richmond, British Columbia, Canada – Empower Technologies Corporation(TSX.V: EPT) (“Empower”) announces, further to the news release on December 2nd, 2013, it has received the TSX Venture Exchange approval of 2,400,000 Empower Bonus Shares (the “Shares”) to the Company Directors and Officers (the “Lender”) for a non-arm’s length loan in the amount of $600,000 (the “Loan”) under a loan agreement dated November 29th, 2013. The Shares are duly issued to the Lender effective as of the date the Loan is first advanced. The Shares issued is subject to a 4 months plus a day hold period commencing from the date of issuance. The Loan is secured by a general security interest granted by Empower, and is repayable on or before November 30th, 2014. Empower has received $400,000 the first tranche at an interest rate of 12% per annum and an optional $200,000 the second tranche at an interest rate of 13.2% per annum at the discretion of Empower on or before May 30, 2014 subject to certain terms and conditions. Early retirement of the Loan will have a three (3) months interest penalty on the principal amount repaid. The proceeds of the Loan is mainly used as general working capital for Empower and working capital for Empower’s newly acquired subsidiary AIC Global Communications Inc. to finance its sales and marketing expansion plan. 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...

Empower Technologies™ Announces $600,000 Loan Agreement with the Directors and Officers of the Company

FOR IMMEDIATE RELEASE   Empower Technologies™ Announces $600,000 Loan Agreement with the Directors and Officers of the Company   December 2nd, 2013 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) announces it has entered into a loan agreement dated November 29th, 2013 with the non-arm’s length Directors and Officers of the Company (the “Lender”) in the amount of $600,000 (the “Loan”).   The Loan will be secured by a general security interest granted by Empower, and will be repayable on or before November 30th, 2014. Empower will receive $400,000 the first tranche at an interest rate of 12% per annum and an optional $200,000 the second tranche at an interest rate of 13.2% per annum at the discretion of Empower on or before May 30, 2014 subject to certain terms and conditions. Early retirement of the Loan will have a three (3) months interest penalty on the principal amount repaid.The proceeds of the Loan will be mainly used as general working capital for Empower and working capital for Empower’s newly acquired subsidiary AIC Global Communications Inc. to finance its sales and marketing expansion plan.   In connection with the loan, Empower will issue, at no additional consideration and subject to Empower receiving the prior approval of the TSX Venture Exchange, 4,615,384 common shares in the capital of Empower (the “Shares”). The Shares shall be duly issued to the Lender effective as of the date the Loan is advanced. The Shares issued will be subject to a 4 months plus a day hold period commencing from the date of issuance.   “This Loan shows how much...

Empower Technologies™ Closes “Telco” Purchase

FOR IMMEDIATE RELEASE     Empower Technologies™ Closes “Telco” Purchase     July 31, 2013 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower” or the “Company”), further to the June 28, 2013 news release, is pleased to announce it has closed the 100% purchase of AIC Global Communications Inc. (“AIC”, previously undisclosed “Telco”) from Y2K Investment Group Limited (“Vendor”), a privately held corporation. AIC is a highly respected and well-known telecom brand in the Asian Canadian market for over 20 years.   At Closing, Empower issued 3,000,000 Empower shares for the purchase of AIC at a deemed value of $0.25 per share. In addition, the Company will pay a performance based earnout bonus payment up to a maximum of $400,000 (“Maximum Earnout”) within the first 3 years from August 1, 2013 if:  a)     AIC generates positive EBITDA equal to or greater than $200,000 (“Annual Earnout”) within any of those first 3 years from the date of Closing. Empower will then pay the Vendor 25% of the positive EBITDA in cash, provided that the Vendor has not received the Maximum Earnout from the cumulative Annual Earnout: or  b)     AIC generates positive EBITDA equal to or greater than $25,000 but less than $200,000 within any of those first 3 years from the date of Closing. Empower will then pay the Vendor 10% of the positive EBITDA in cash, provided that the Vendor has not received the Maximum Earnout from the cumulative Annual Earnout. The EBITDA amounts above will be determined by the Company’s auditors calculated based solely on the audited financial statements of AIC in...

Empower Defense Systems Update

FOR IMMEDIATE RELEASE     Empower Defense Systems Update     July 23, 2013 – Richmond, British Columbia, Canada – After a short time operating on the East Coast and in consultation with its customers, Empower Defense Systems Inc. (“EDS”) a wholly-owned subsidiary created solely by Empower Technologies Corporation (TSX.V: EPT) (“Empower”) in November 2012 announces it is proceeding to establish its engineering and production facility on the West Coast. The business and financial incentives to locate on the East Coast have been diminishing steadily over the years. Today those incentives are almost at par everywhere in Canada. As a result, the Empower management has decided to bring the EDS operation back from the East Coast to be close to home. The supplier network is very strong in BC and the professional and skilled labour are abundant here on the West Coast versus where EDS was located. EDS will gain operational efficiency and cost competitiveness with this move.   EDS is also capitalizing on the Canadian government’s new ‘buy Canada’ military budget as quoted in the Globe and Mail news article by Steven Chase on September 24, 2012. It said “The Harper government is embarking on an ambitious effort to develop a Canada-first military purchasing strategy – one that aims to funnel as many procurement dollars as possible to domestic firms with the potential to be leaders in their field.” EDS is focusing its effort not only to win contract works from the major defense contractors but also aiming to be the leader in the military imaging equipment field to supply state of the art high power Empower imaging...

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, Canada – Empower 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.   ### 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...