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Bernard J. Walter Named CEO of Power Technology, Inc; Attorney and Businessman to Drive Technology Commercialization

2004-07-06 09:01 ET - News Release

LAS VEGAS -- (Business Wire) -- July 6, 2004

Power Technology, Inc (OTCBB:PWTC) announced today that
Bernard J. Walter has been named Chairman, President and CEO of the
company. Mr. Walter's background includes a successful career as a
litigating attorney, acting as the Managing Partner responsible for
twenty two litigating attorneys in Texas. His business experience
includes the successful commercialization of proprietary technology in
both the energy and the roofing industries.
Mr. Walter stated, "The Board of Directors of Power Technology
believes my background is uniquely suited to serve the needs of the
company. I am honored to be given the opportunity to lead Power
Technology, and look forward to sharing with the company's
shareholders my vision of a dynamic future for Power Technology."

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.
Contacts:

Princeton Research
J. Michael King, 702-650-3000
Cell: 702-493-3683