PowerChannel (fka PWRC)

[2bStealthy]

PowerChannel, Inc. Clarifies Name of Company

PRNewswire
December 23, 2003 (9:30 a.m. ET)

PowerChannel, Inc. Clarifies Name of Company in Recent Announcement Concerning Exclusive Distribution Rights in Puerto Rico

NEW CITY, New York, Dec. 22 /PRNewswire-FirstCall/ -- PowerChannel, Inc. (OTC Bulletin Board: PWRC) today said its December 16, 2003 press release concerning an exclusive distribution agreement for its products in Puerto Rico should have been with ISS-LG, Inc. not, as previously announced, Intelligent Software Solutions-LG Electronics. ISS-LG, Inc. with facilities in San Juan, Puerto Rico and Atlanta, is a distributor of computers and electronics in the Caribbean. PowerChannel's principal product offers unique, low-cost access to the Internet through the use of a consumers existing television. The service includes a small connection device that hooks up to any television set and a phone line, eliminating the need for an expensive, bulky computer for Internet access. PowerChannel's computer-less access is ideal for people who don't have the need or want to spend money on a computer just to access the Internet. PowerChannel's service also is perfect as a secondary Internet access point in households where multiple people need concurrent access to the Internet but they only own one computer. PowerChannel's Internet service packages include one year of unlimited Internet access and the connection hardware and retail for $198.97. Renewals in subsequent years are $79.95 per year, or less than seven dollars per month.

About PowerChannel, Inc. PowerChannel Holdings, Inc. is a consumer electronics marketing company dedicated to offering a wide range of electronic appliances and services to the consumer market. PowerChannel has a unique marketing strategy that enables the company to focus its efforts on the mainstream and ethnic market segments. PowerChannel's product line includes low-cost, through-the- television Internet access in the United States. It is bi-lingual, opening the door to the virtually untapped Hispanic market. PowerChannel has an outstanding opportunity to penetrate the fastest-growing sector of the U.S. population with a product that is tailored in all respects to its audience's linguistic, ethnic, cultural and economic needs. At the same time, PowerChannel provides these simple and cost-effective Internet access solutions to the public at large. PowerChannel also offers a variety of other consumer electronic products and service applications. For more information, please call 1-877-577-6937 or log on to www.powerchannel.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Contact: Steve Lampert 1-845-634-7979

http://www.eetimes.com/pressreleases/prnewswire/119201