Power Air Corporation (fka PWAZQ)

[Golden Cross]

PWAC Power Air Corp to Present at the London Stock Exchange's 'New Energy Capital Markets Day'
PR Newswire - October 12, 2006 8:00 AM (EDT)

Fuel Cell Technology to Help Combat Global Warming

NEW YORK, Oct 12, 2006 /PRNewswire-FirstCall via COMTEX/ -- Power Air Corporation (OTC Bulletin Board: PWAC) will present on October 20th at the New Energy Capital Markets Day hosted by the London Stock Exchange. Remy Kozak, Power Air's CEO, will be accompanied by Don Prest, CFO, and Paul Brock, a Power Air Director. The trio will present Power Air to the institutional community in London, alongside eight other AIM listed or pre-IPO companies that have been selected by the LSE.

"We are pleased to have been invited to the LSE event and look forward to a productive session," states Remy Kozak, CEO of Power Air Corp. "The European market appears to be focusing on environmental and alternative energy products and investments."

In late September, Sir Richard Branson, Virgin Group CEO, pledged $3 billion to be used towards developing alternative energy sources to curtail climate change. Power Air's patented Zinc Air Fuel Cell (ZAFC) technology -- developed at Lawrence Livermore National Laboratories -- allows for power generation with zero-emissions. The system by-products are totally recyclable.

Power Air has previously announced that the initial application of its ZAFC will be in emergency backup power generators that can be used indoors.

About Power Air Corporation

Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to Zinc-Air Fuel Cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.

For further information please call 925-960-8779 or visit http://www.poweraircorp.com .

Investor Relations call 866-734-7026 or e-mail to [e-mail]