SOURCE: POWRtec International Corp

POWRtec International Corp

December 14, 2011 16:15 ET

POWRtec Retains PacificWave Partners to Provide Investment Banking Services

SUNNYVALE, CA--(Marketwire - Dec 14, 2011) - POWRtec International Corp (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to announce that it has retained the services of PacificWave Partners to provide investment banking services.

PacificWave Partners is going to provide investment banking services to POWRtec in order to seek additional funding for the company, expanding the functionality of its smart meters and to aggressively seek out additional clients all over the world.

Grant Jasmin, CEO of POWRtec, comments: "We are in the process of seeking additional funding in order to introduce our smart meters to new markets. PacificWave Partners has a track record of locating funding for innovative technology companies such as ours. We are very excited about this opportunity as it may provide us with the necessary funding to follow up on our plan for rolling out our smart meters to new markets around the world."

Henrik Rouf, Managing Director of PacificWave Partners, concludes: "POWRtec is an innovative company that can make a meaningful difference to the world energy market, and we are excited to have been chosen to aid them in their need for acquiring funding to continue their strategy for rolling out their products to all corners of the world."

About PacificWave Partners
PacificWave Partners helps growth companies acquiring financing, and with offices in Los Angeles, Berlin, Luxembourg and Denmark, they are a perfect match for POWRtec in acquiring additional funding to pursue its strategy.

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.

Contact Information