Powin Energy Corp. (fka PWON)

[Renee]

PWON: "Merged with PEC Merger Sub, LLC.; $2.34 per share."

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Bill_ENG]

It dumps the share owners who hold less than the whole amount needed for the reverse split.

Anyone here who held less than 100 shares and did not have enough to exchange for 1 post split share would be bought out.

They were trying to get under 300 shareholders to take this private.

Bill

[Renee]

A few companies have done reverse splits immediately followed by a forward split and I have no idea why. I'm sure the company could let you know if you contact them.

[findit]

Why would any company do a reverse followed by a forward the same day? tia

[Renee]

PWON: one for 100 reverse split followed by a 100 for one forward split:

http://otce.finra.org/DLSymbolNameChanges

[Renee]

Powin Corp. changed to Powin Energy Corp.:

http://otce.finra.org/DLSymbolNameChanges

[kranthikumar]

PWON is smells like a winner

[Renee]

PWON one for 10 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/16/2013&mkt_ctg=NON-OTCBB

[pknopick]

Powin Corp. Corporate Profile Updated

http://www.powin.com/web2/newsrelease/Corporate%20Profile%202011-09-06.pdf

Paul Knopick
[e-mail]
949.707.5365

[Penny Roger$]

Powin Corporation Announces 2011 Six Month Financial Results
| 4:02 AM | By PR Newswire Association LLC. |

TUALATIN, Ore., Aug. 15, 2011 /PRNewswire/ -- Powin Corporation (OTC QB: PWON); an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of...
Related News: Similar Content, By PR Newswire Association LLC., Earnings http://www.prnewswire.com/news-releases/powin-corporation-announces-2011-six-month-financial-results-127720273.html#rssowlmlink

PWON Security Details
Share StructureMarket Value1 $170,228,665 a/o Aug 12, 2011
Shares Outstanding 162,122,538 a/o Jul 01, 2011
Float 26,872,371 a/o Jun 30, 2011
Authorized Shares 600,000,000 a/o Aug 08, 2008
Par Value 0.001
http://www.powin.com/

[pknopick]

POWIN SUCCESSUL IN RENEWABLE ENERGY MARKET WORLDWIDE

Powin Energy Vice President of Operations Says Company is Very Bullish on New Renewable Energy Products

TUALATIN, Ore., July 26, 2011 /PRNewswire via COMTEX/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer, said today that Michael S. Morse, Vice President of Operations for Powin Energy, its wholly-owned subsidiary, was interviewed by analyst Francis Gaskins in a comprehensive overview of the subsidiary's accomplishments and future.
The entire interview is available at: http://gaskinsco.com/pwon-july.mp3 .

"We are very bullish about the energy products we are bringing to the North American market," Mr. Morse said. He explained that a "perfect storm" of events is assisting the emergence of the renewable energy market worldwide. Powin Energy's Vice President explained that a global scarcity of traditional energy sources, combined the higher cost of this energy, an increased "Green" awareness worldwide, government incentives for renewable energy and more funding available for the renewable sector plus better, more cost effective renewable energy products, means Powin Energy has entered the market at exactly the right time.

Powin Energy at its web site: www.powinenergy.com already offers more energy efficient lighting products for the commercial and industrial markets and is beginning to market solar modules and rechargeable lithium battery modules through its joint venture with Shandong RealForce Enterprises Co., Ltd., China, which has invested more than $1.2 billion to bring renewable energy products to the worldwide marketplace.

Powin Energy is an industry leader in the manufacture and distribution of wind, solar, battery, LED and fluorescent lighting products as well as custom OEM parts for the renewable energy and energy efficient lighting industries. To learn more about Powin Energy, please visit www.powinenergy.com .

.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. It is also expanding manufacturing in Mexico. For more information please visit: www.Powin.com.

Contact:Powin CorporationMichael S. [e-mail]503.598.6659 X127Paul KnopickE & E [e-mail]949.707.5365

SOURCE Powin Corporation



www.prnewswire.com


Paul Knopick
E & E Communications
[e-mail]

[pknopick]

Powin Corporation Can Sell Your Product in China

Want to Enter Chinese Marketplace With Your U.S. Product? Powin Corporation's New Program Proving Successful

[05-July-2011]

TUALATIN, Ore., July 5, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, announced today initial successes with its Channel Partner Program (CPP) that allows U.S. manufacturers to introduce and distribute their products via e-commerce channels into China's vast and fast-growing consumer marketplace.

"A U.S. cosmetics firm and a company involved in the manufacture and distribution of toys for babies has signed up for CPP," said Harry Hu, Director of CPP. Mr. Hu, a graduate of the University of Washington, has significant experience in Information Management.

"CPP provides a low risk, high-potential option for U.S. manufacturers to enter the Chinese market and expand sale of their products. Products are reviewed, tested and launched in less than 90 days," Mr. Hu said.

Powin's executive explains that the Company has a unique relationship with select China banks, E-Commerce and TV infomercial outlets, and mobile phone companies that allows it to showcase U.S. products to elite Chinese consumers who have the ability to buy the high quality imported products. The CPP program will assist the U.S. manufacturer in identifying and overcoming potential language, cultural and practical barriers to marketing. CPP also provides the U.S. manufacturer consumer feedback from selected sales channels to determine whether marketing in China makes sense for the U.S. company.

"At that point, we can develop a marketing plan for the American manufacturer and the CPP program can provide full-scale operations support in China, including warehousing, logistics, customs, compliance, order fulfillment and customer service and marketing," Mr. Hu concluded.

"We are both assisting U.S. manufacturers and bringing products to the Chinese marketplace in an efficient, effective way that consumers there desire. This is a "win-win" for both nations," said Joseph Lu, Powin Founder, Chairman of the Board, CEO and President.

Contact:
Powin Corporation
Harry Hu
503.598.6659 Ext. 123
[e-mail]

Paul Knopick
E & E Communications
[e-mail]
949.707.5365

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

SOURCE Powin Corporation


Web Site: http://www.powin.com

[pknopick]

Powin Energy Providing Wide Variety of Rechargeable Lithium Battery Modules
-- Scooters, Vehicles, Power Stations --


TUALATIN, Ore., June 27, 2011 /PRNewswire/ -- Powin Corporation (OTCBB:PWON.ob - News), an Oregon-based OEM and direct manufacturer, said today that its wholly-owned subsidiary, Powin Energy, is now marketing on the Internet a wide variety of rechargeable Lithium Battery Modules with an Amp hour range from 80 to 220.

Powin Energy is also marketing Battery Packs that can be customized to meet the customers' requirements and Power Storage Systems with a capacity from 0.5MWH to 10MWH.

"Our product line is available for a wide range of usages, including electronic vehicles, scooters, bicycles, power stations, storage for the telecommunications industry and as a complement to wind and solar energy systems," said Michael S. Morse, Vice President of Operations for Powin Energy. Specifications on the batteries are available at: http://www.powinenergy.com/products/battery .

Powin Energy also recently launched energy efficient fluorescent lighting products for distributors and contractors who desire to offer a quality product for their end user at an affordable price. The new product line gives customers an energy efficient alternative for new construction and for retrofitting.

Powin Energy is an industry leader in the manufacture and distribution of wind, solar, battery, LED and fluorescent lighting products as well as custom OEM parts for the renewable energy and energy efficient lighting industries. To learn more about Powin Energy, please visit us at www.powinenergy.com.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. For more information please visit: www.Powin.com.

Contact:
Powin Corporation
Michael S. Morse
[e-mail]
503.598.6659 X127

Paul Knopick
E & E Communications
[e-mail]
949.707.5365

[Brick]

Getting some illegal spam on this ticker. Buyer be cautioned.

[pknopick]

Up From $0.30 to $1.25 in 30 Days

Powin Corporation Opens New Corporate Headquarters in Oregon

[01-June-2011]

TUALATIN, Ore., June 1, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that it has moved into its new corporate headquarters in Tualatin, Oregon, approximately 13 miles south of Portland, Oregon.

The new facility, approximately 71,000 square feet in size, incorporates both office space for corporate management and also the operation of the Company's affiliates, including Powin Energy, which manufactures and markets renewable energy products, Maco Furniture, the Company's Channel Partner Program (CPP), which assists U.S. companies in marketing their products in China, and its Gladiator Fitness and Outdoor Products, Inc., subsidiary. The facility also provides for the warehousing needs of these affiliates.

"The move to a larger, more modern facility allows Powin Corporation's management to better coordinate the operations of its affiliates, to coordinate warehousing, and to position the Company to meet its future growth strategies," said Ronald Horne, Powin CFO.

The new corporate address is 20550 SW 115th Ave., Tualatin, Oregon 97062. The phone number is 503.598.6659 and the corporate fax is 503.598.3941. The web site remains: www.powin.com.

"We are looking forward to showing off our new corporate headquarters to our investors at our annual meeting on June 15, 2011," Mr. Horne said.

Contact:
Powin Corporation
Ronald Horne, CFO
503.612.3004
[e-mail]

Paul Knopick
E & E Communications
[e-mail]
949.707.5365

SOURCE Powin Corporation


Web Site: http://www.powin.com

[pknopick]

Up From $0.30 to $1.25 In One Month

Powin Corporation Opens New Corporate Headquarters in Oregon

[01-June-2011]

TUALATIN, Ore., June 1, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that it has moved into its new corporate headquarters in Tualatin, Oregon, approximately 13 miles south of Portland, Oregon.

The new facility, approximately 71,000 square feet in size, incorporates both office space for corporate management and also the operation of the Company's affiliates, including Powin Energy, which manufactures and markets renewable energy products, Maco Furniture, the Company's Channel Partner Program (CPP), which assists U.S. companies in marketing their products in China, and its Gladiator Fitness and Outdoor Products, Inc., subsidiary. The facility also provides for the warehousing needs of these affiliates.

"The move to a larger, more modern facility allows Powin Corporation's management to better coordinate the operations of its affiliates, to coordinate warehousing, and to position the Company to meet its future growth strategies," said Ronald Horne, Powin CFO.

The new corporate address is 20550 SW 115th Ave., Tualatin, Oregon 97062. The phone number is 503.598.6659 and the corporate fax is 503.598.3941. The web site remains: www.powin.com.

"We are looking forward to showing off our new corporate headquarters to our investors at our annual meeting on June 15, 2011," Mr. Horne said.

Contact:
Powin Corporation
Ronald Horne, CFO
503.612.3004
[e-mail]

Paul Knopick
E & E Communications
[e-mail]
949.707.5365

SOURCE Powin Corporation


Web Site: http://www.powin.com

[pknopick]

Powin Corporation (OTC BB: PWON) Announces New Joint Venture to Build, Market "Green" Energy Products With Major Chinese Company

-- Could Increase Annual Revenues By Ten Percent --


[17-May-2011]

TIGARD, Ore., May 17, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer, today announced that its wholly-owned subsidiary, Powin Energy, has entered into a Strategic Cooperation Joint Venture Agreement with Shandong RealForce Enterprises Co., Ltd., (RFE) Jining City, Shandong Province, China, to produce lithium-ion batteries, storage batteries, energy storage power plants, solar cells and related energy products.

The products will be developed and produced in China. They will be marketed in the United States, Canada, Mexico and the Republic of South Africa by Powin Energy, which is working toward becoming a global leader in the manufacture and distribution of wind, solar, battery, energy efficient lighting products and OEM parts.

"We believe this joint venture gives Powin Corporation the realistic expectation of increasing its sales by ten percent within one year," said Ronald Horne, Powin Chief Financial Officer. The Company announced 2010 sales totaling $48 million, up 31 percent compared to 2009.

The new joint venture is named RealForce-Powin, LLC and will be located at Powin Corporation headquarters in Tigard, Oregon.

The total current investment at RFE is $1.2 billion (U.S.) and RFE has more than 2,200 employees, with approximately 200 in its research and development department. Its lithium batteries are especially well known, with long cycle life, high energy density, low self-discharge rate, consistent, safe and reliable operation, rapid charging and green, environmentally friendly properties.

"There is a worldwide demand for the products which the joint venture will be manufacturing and marketing," said Mr. Horne. "We believe this joint venture is the most important in the history of the Powin Corporation and we look forward to keeping our investors updated on our accomplishments and progress."

About Shandong RealForce Enterprises Co., Ltd.

Shandong RealForce Enterprises Co., Ltd. (RFE) http://www.trade.cn/companies/2410/shandong-realforce-enterprises-co-ltd.htm is a high-tech incorporated business firm engaged in manufacturing and sales of lithium batteries and R&D. With picturesque Weishan lake as a backdrop, Jinghu high-speed railway and Jingfu highway close by, RFE' s central location in Shandong, China brings great conveniences to businesses and customers alike. RFE's products include lithium batteries, battery chargers, battery management systems (PCM and BMS). Products are widely applicable to E-bikes, E-motorcycles, EVs, golf carts, lawn mowers, electric tools and toys, portable power supply, safe mining equipments, UPS for hospital, electric power and chemical industry, EPS, telecommunication backup power, photovoltaic and wind power storage, and smart grid storage systems. Batteries can also be used in digital apparatus such as laptop computers, LED torches, digital products and medical equipment. Besides the Shandong headquarters, RFE also has sales centers in Beijing, Shanghai and Shenzhen in China, and branch offices in USA, Germany and Korea to provide convenient technology and business support to customers.

.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. In February 2011 the Company opened a metal manufacturing plant in Mexico and in March 2011 the Company received its registration to open a branch office in the Republic of South Africa. For more information please visit: www.Powin.com.

Contact:
Powin Corporation
Ronald Horne, CFO, 503.598.6659 x 19
[e-mail]


Paul Knopick
E & E Communications
[e-mail]
949.707.5365


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

SOURCE Powin Corporation



Web Site: http://www.powin.com

[eurekastox]

Should see some volume this week? Good hidden gem we have here! I keep buying more every week! With those revenues should be in dollarland soon? GO PWON!

[pknopick]

POWIN FIRST QUARTER REVENUES UP 11 PERCENT

Powin Corporation First Quarter Revenues Up 11 Percent to $10.95 Million


Gross Profit Up 11.9 Percent --
TIGARD, Ore., May 13, 2011 /PRNewswire via COMTEX/ -- Powin Corporation (OTCBB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that sales for the first quarter of 2011, ended March 31, totaled $10.95 million, up 11 percent from sales of $9.86 million in the same period in 2010. Powin Corporation posted net income of $31,331 in the first quarter of 2011.
The Company also announced gross profits in the first quarter of 2011 totaled $1.54 million, up almost 12 percent from gross profits of $1.18 million in the comparable period in 2010. The gross profits equal 14 percent of the Company's net revenues.

"Sales are continuing to rebound after several difficult years during a deep, worldwide recession," said Ronald Horne, Chief Financial Officer of Powin. "We are pleased with these results and see the positive trend continuing throughout 2011. We are also very bullish about new manufacturing and other activities at Powin which will be detailed in future news releases."

Powin Corporation also announced that in February 2011 the Company opened a metal manufacturing plant in Mexico and in March 2011 the Company received its registration to open a branch office in the Republic of South Africa. The entire Form-!0Q filing is available at www.sec.gov.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. For more information please visit: www.Powin.com.

Contact:Powin CorporationRonald Horne, CFO, 503.598.6659 x [e-mail]

Paul KnopickE & E [e-mail]949.707.5365

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

SOURCE Powin Corporation

[pknopick]

PWON CFO INTERVIEWED ON 2010-2011 SUCCESSES

Powin Corporation CFO Ronald Horne Discusses Company's 2010 Successes, Future Business Strategies with ChartPoppers.com

TIGARD, Ore., May 12, 2011 /PRNewswire via COMTEX/ -- Powin Corporation (OTCBB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, said today that its Chief Financial Officer, Ronald Horne, was interviewed by ChartPoppers.com
The entire interview is available at http://ChartPoppers.com/iReports .

In the interview, Mr. Horne discusses the Company's business plan, its history, and its track record of producing successful products for U.S. companies. Powin's CFO also discusses the Company's Channel Partner Program, in which it assists U.S. manufacturers to enter the Chinese marketplace.

Mr. Horne discusses the Company's 31 percent increase in revenues in 2010, to $48.4 million, and its 30 percent increase in gross profits. Finally, Powin's CFO discusses the Company's new renewable energy product program and its new line of fitness equipment.

About ChartPoppers.com

ChartPoppers.com is a small-cap research and investment commentary provider. ChartPoppers.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on ChartPoppers, please visit http://ChartPoppers.com/ireports .

ChartPoppers.com Disclosure: ChartPoppers.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. ChartPoppers.com is a Web site wholly owned by Seo Freisin, Inc. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, ChartPoppers.com, for complete risks and disclosures.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. It is in the process of registering a branch office in the Republic of South Africa. For more information please visit: www.Powin.com.

Contact:Powin CorporationRonald Horne, CFO, 503.598.6659 x [e-mail] KnopickE & E [e-mail]949.707.5365

SOURCE ChartPoppers.com



www.prnewswire.com

[pknopick]

Powin (OTC BB: PWON) CFO Interviewed About $48.4 Million 2010 Revenues

Powin Corporation CFO Ronald Horne Interviewed by Analyst
-- Continued Growth in 2011 --


TIGARD, Ore., March 28, 2011 /PRNewswire/ -- Powin Corporation (OTC Bulletin Board:PWON.ob - News), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that Ronald Horne, CFO, in an interview with analyst Francis Gaskins, said the Company expects further growth in 2011, including in the upcoming first quarter financial results.

The entire interview is available at: http://gaskinsco.com/pwon.mp3

Powin Corporation recently announced sales in 2010 totaled $48.4 million, up 31.2 percent compared to 2009. In the interview, Mr. Horne carefully details the Company's financial achievements in 2010.

Powin's CFO told Mr. Gaskins that progress with its Channel Partner Program, which allows U.S. manufacturers to introduce and distribute products into China's marketplace, and increased orders for truck parts, which are manufactured in America, will bolster the 2011 financial results. He said he is also bullish on the Company's production of renewable energy parts, again in the U.S., including a complete turnkey line of renewable energy products such as LED lighting and fixtures, wind turbines, solar panels and lithium batteries for storage and backup.

Mr. Horne also details in the interview Powin Corporation's genesis, history, where it manufactures and explains the product mix, which includes more than 2000 different products annually, and the Company's client base.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. It is in the process of registering a branch office in the Republic of South Africa and expanding manufacturing into Mexico. For more information please visit: www.Powin.com.

Contact:
Powin Corporation
Ronald Horne, CFO, 503.598.6659 x 19
[e-mail]

[pknopick]

POWIN (PWON) SALES UP 31.2 PERCENT; TOP $48.4 MILLION

Powin Corporation 2010 Sales Top $48.4 Million, up 31.2 Percent


Positive Trend Expected to Continue in 2011 --
TIGARD, Ore., March 21, 2011 /PRNewswire via COMTEX/ -- Powin Corporation (OTC Bulletin Board: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that sales for the fiscal year ended December 31, 2010 totaled $48.4 million, up 31.2 percent or $11.5 million compared to 2009 sales of $36.9 million.
The Company also announced gross profits in 2010 of $5.98 million, compared to $4.58 million in 2009 and net income in 2010 of $1.04 million or $0.01 per basic and diluted share. The entire 10K filing is available at www.sec.gov.

Powin also announced a positive cash flow from operations of approximately $3 million in 2010 compared to $635 thousand in 2009. "We are especially pleased that fourth quarter sales were up $1.4 million, or 18.2 percent, compared to 2009. This shows that sales are continuing to rebound from some very difficult economic times and customers are focused on replenishing their inventories," said Ronald Horne, CFO of Powin.

The Company said that it expects significant progress in 2011 from three new, wholly owned subsidiaries developed in 2010. The first, its Channel Partner Program, allows U.S. manufacturers to introduce and distribute their products into China's vast and fast-growing consumer marketplace. The second subsidiary supplies products in the green renewable energy market, including a complete turnkey line of renewable energy products such as LED lighting and fixtures, wind turbines, solar panels and lithium batteries for storage and backup. Finally, the Company is manufacturing its own line of fitness equipment including weight benches, treadmills and exercise bikes under the name Gladiator Fitness.

"We are very pleased by the results that we filed today with the U.S. Securities & Exchange Commission and optimistic that the worst of the worldwide recession is behind us and that we will continue to show progress for our investors in 2011," Mr. Horne said.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan. It is in the process of registering a branch office in the Republic of South Africa. For more information please visit: www.Powin.com.



Contact:
Powin Corporation
Ronald Horne, CFO, 503.598.6659 x 19
[e-mail]

Paul Knopick
E & E Communications
[e-mail]
949.707.5365

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
SOURCE Powin Corporation



www.prnewswire.com

[eurekastox]

great biz model should take off!

[eurekastox]

adding some tomorrow! welcome PWON to the market!

[eurekastox]

has some huge customers!

[eurekastox]

looks like a solid company!