SOURCE: Powersafe Technology Corporation

PowerSafe Technology Corporation

July 19, 2010 10:10 ET

PowerSafe Technology Announces 6:1 Forward Stock Split

NEW YORK, NY--(Marketwired - Jul 19, 2010) -  PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today that its Board of Directors has authorized a 6:1 forward stock split and in connection therewith an increase in the number of authorized shares of common stock to 200,000,000 from 100,000,000. The split will become effective following shareholder and FINRA approval. The Board believes that the split could increase liquidity in the company's shares

About PowerSafe Technology Corp. (PSFT)
Based in New York, PowerSafe Technology Inc. (www.psftotc.com), through its wholly owned subsidiary ATI (www.ampti.net), seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation and homeland security. The technology has been successfully used to develop extremely sensitive detectors of low levels of light and the company believes its detectors will be used in many existing applications as well as open up new markets. ATI's technology is patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe and Amplification. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and those set forth in PowerSafe's SEC filings and such other matters as are contained therein. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

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