PowerTech Corporation Inc.
TSX VENTURE : PWB

PowerTech Corporation Inc.

October 18, 2007 10:22 ET

Powertech Reaches Two Distribution Agreements in Ontario and Receives New Orders for its Products

The Company's order book has posted steady growth since the beginning of the fiscal year and now totals $550,000

TERREBONNE, QUEBEC--(Marketwire - Oct. 18, 2007) - Mr. Carol Murray, President and Chief Executive Officer of PowerTech Corporation Inc. "PowerTech" (TSX VENTURE:PWB), is pleased to announce that the Company has just reached two new distribution agreement with first-rate companies operating in the Ontario market.

Furthermore, in recent weeks the Company has received new orders for its PicBucket 2000 Series, a percussion bucket for small-sized backhoes and excavators. These new orders have grown the Company's order book, which now totals $550,000, since the beginning of the fiscal year October 1, 2007. "We have had a promising start to our new fiscal year and expect the Company to experience gradual, significant sales volume growth over the coming quarters. This progress marks PowerTech's first steps toward the large-scale commercialization of its product line," said Mr. Murray.

Two new Ontario distributors

Furthermore, in accordance with its strategic plan, PowerTech is continuing to expand its Canadian distribution network by partnering with two distributors who are solidly established in their respective markets in Ontario - Creighton Rock and Drill Ltd and Champion Road Machinery Sales.

"These new distributors have significantly strengthened our presence in the very active Ontario construction market. These agreements have also expanded our Canadian network, which is composed of heavy equipment distributors who lead the market in their respective sectors. We are extremely proud of this network of dynamic partners which now includes 100 points of sale in Canada," said Mr. Murray.

About PowerTech (www.powertechci.com)

PowerTech is the only company in the world that manufactures and commercializes percussion technology with interchangeable tools and accessories for the construction, demolition, aluminum, mining, tunnelling, forestry and military industries. PowerTech's percussion technology, marketed under the PicBucket and PicHammer names, is a technological breakthrough that combines the power of a hydraulic hammer with the stripping force and manoeuvrability of a conventional bucket.

PowerTech is positioning itself as a leader in the development, integration and commercialization of leading edge technologies that allow for substantial improvements in excavation and demolition equipment performance, productivity and functionality.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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