PowerSafe Technology Corp. to Be Spotlighted in QualityStocks Daily
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VALLEY STREAM, N.Y.--(Business Wire)-- PowerSafe Technology Corp. (OTCBB: PWSF) announced today that they have agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, Daily Internet broadcast and QualityStocks Daily Blogs and Message Boards. In April '08 PowerSafe Technology entered into a merger agreement with Amplification Technologies, Inc. Amplification's scientists have invented, patented and developed an extremely sensitive photodetector technology that brings the benefits of solid state technology to one of the last strongholds of vacuum tubes: low level light detection, and that is expected to provide important commercial advances in imaging, biomedical, lab, security and communications applications. This platform semiconductor technology allows amplification of weak signals with very low noise, has been patented to encompass detection of signals other than light, and thus could in principle also be used to create biological, radiological, electrical, and chemical sensors. It has the potential to transform a number of industries from medical diagnostics and drug development to telecommunications and security. "PowerSafe Technology is very pleased to be featured in the QualityStocks Newsletter, Video and Blogs, and to avail itself of the service in the micro-cap markets that QualityStocks is providing us," said Jack Mayer, President of PowerSafe Technology. Michael McCarthy, Managing Director for QualityStocks.net, commented, "We are very pleased to have PowerSafe Technology as a featured company. The Company's innovative technology appears to have great commercial promise." About PowerSafe Technology Corp. (PWSF.OB) PowerSafe Technology is focused on completing its merger with Amplification Technologies and developing Amplification's extremely sensitive patented photodetector technology. The technology has significant performance and cost advantages over traditional technology and is positioned as the next generation solid state technology for low level light detection. For comprehensive information on PowerSafe Technology Corp., including the 8-K filed on April 4, 2008 announcing their transaction with Amplification Technologies, please visit the SEC's Web site containing our public filings. For the actual agreement between PowerSafe Technology and Amplification Technologies, including the information about Amplification Technologies, which was filed as Exhibit D to the Merger Agreement, please click here. 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 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. About QualityStocks QualityStocks, a Small Cap Stock Newsletter, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one free Daily Newsletter Report. To sign up for "The QualityStocks Daily Newsletter" please visit their Web site to obtain current information on the events happening in the small cap market. Please read the Quality Stocks Daily Newsletter. Please view our Daily Market Update Video in High Definition. Stay current with Small Cap Stocks by reading our Daily Blogs. Amplification Technologies Jack N. Mayer, 718-951-8021 mayer@amplificationtechnologies.com or QualityStocks Michael McCarthy, 480-308-0703 editor@QualityStocks.net http://www.QualityStocks.net Copyright Business Wire 2008
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