HOUSTON, July 19, 2004 (PRIMEZONE) -- Power Technology, Inc. (OTCBB:PWTC) announced today that the company has relocated its offices to Houston, Texas. The new address for Power Technology is: 1770 St. James Place, No. 115, Houston, Texas.
The newly appointed Chairman and CEO of the company stated, "Relocating the company to Houston allows us to focus resources on the recapitalization of Power Technology as well as the commercialization of its 'state-of-the-art' battery technology by reducing travel time and expenses. We believe Texas and its entrepreneurial environment provides a fertile ground for moving the company forward."
This Press Release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements included in this Press Release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Press Release, including, without limitation, in conjunction with those forward-looking statements contained in this Press Release.