SOURCE: POWRtec International Corp

POWRtec International Corp

August 22, 2011 10:21 ET

POWRtec Announces Appointment of a New Member to Nordic Advisory Board

SUNNYVALE, CA--(Marketwire - Aug 22, 2011) - POWRtec (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to announce the addition of a new member to its Nordic Advisory Board.

Henrik Rouf is an international financier with over 20 years' experience in the global financial services industry. Mr. Rouf is highly specialized in the US markets, yet braced by a native and educational background in Denmark. The board has been established to assist the company in locating key growth and investment opportunities within the smart grid market in Nordic countries. As a growing market leader in the use of smart metering systems, the Nordic region demands particular attention.

POWRtec is already well represented in the region through its agreement with the major Danish utility company DONG Energy to deliver 160,000 smart meters. Through the Nordic Advisory Board, POWRtec further strengthens its position within a key market.

Grant Jasmin, CEO of POWRtec comments: "Henrik will add immeasurable knowledge and access to his vast business network to the board, and in conjunction with our products and services, we hope that our strong position in the Nordic region will be further solidified."

Henrik Rouf adds: "POWRtec is a company with a great vision for making energy consumption significantly more sustainable, and I truly look forward to assisting them in locating new and lucrative contracts in the Nordic markets."

About Henrik Rouf
Mr. Rouf, an international financier, has over 20 years experience in the global financial services industry as a securities professional. Mr. Rouf has held several managing positions at international US-based investment banks and hedge funds. Currently, he serves as Managing Director for the international investment bank, PacificWave Partners, with representative offices in Los Angeles and Copenhagen, Denmark. Mr. Rouf oversees the company's overall investment banking practice, financing both privately-held and publicly traded companies in North America, Asia and Europe.

About POWRtec
POWRtec is a dynamic and unique energy monitoring company with the potential to dominate the smart meter industry with its innovative intelligent smart meters. POWRtec's meters are network-enabled and can be built to utilize virtually any communications protocol. This empowers the intelligent smart meters to directly control network enabled, power-draining devices by switching them on and off in accordance with the desired energy output, resulting in more efficient use of resources, smaller energy bills and enormous benefits to the environment. POWRtec's products can directly reduce the amount of energy waste and make a meaningful difference to the environment.

Disclaimer - Forward Looking Statements
This press 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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.

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