Charlestowne Premium Beverages Inc. (FPWM)

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Power Technology received a subscription agreement for a $35 million purchase of common stock under a private equity line contract with Swartz Private Equity LLC, an institutional private equity fund based in Atlanta, Ga. (http://www.swartzllc.com). Under the terms of agreement, Swartz will provide Power Technology with a line of financing that can be drawn down, as Power Technology needs capital. This arrangement allows our company to develop and launch its new power battery as well as consider potential acquisitions for smaller battery R&D companies with synergistic technologies. The credit line also gives us the flexibility to obtain and set up smaller battery manufacturing facilities, should the opportunity present itself in a low cost producing country.