Power Technology, Inc. Retains Partners Capital Group to Accelerate Growth Strategies
LAS VEGAS--(BUSINESS WIRE)--July 17, 2002--Power Technology, Inc. (OTCBB:PWTC - News) announced today that it has engaged the services of Partners Capital Group, of Miami, Florida, to accelerate the Company's aggressive growth strategies.
Partners Capital Group will be providing consulting services in the areas of strategy, partnerships, joint ventures, large-scale alliances, customer acquisition, marketing, growth, financial, and mergers and acquisitions. The company focuses on small and mid-cap publicly traded companies, helping to ensure that the proper information flows to the media and the financial community.
"Partners Capital Group is a well-established and well-respected company with proven financial success and a history of working well with venture-backed companies like ours," said Power Technology CEO Lee Balak. "The company is also committed to building a long-term relationship with Power Technology to further assist in our growth and expansion."
"Power Technology has a unique business strategy that adheres to the vision of the Company's core competency," said Orlando Birbragher, President of Partners Capital Group. "We are looking forward to being the strategic catalyst that speeds up the process to deliver an order of magnitude improvement in shortening the time horizon to profitability. Power Technology has all the necessary ingredients to be a multi-million dollar company."
About Power Technology
Power Technology, Inc. (OTCBB:PWTC - News), a Nevada corporation, is engaged in the development of advanced battery technology. Power Technology, Inc. holds several patents in the power generation and storage fields; and is working to provide innovative and practical technology solutions for commercial, governmental, and industrial applications worldwide. www.powerpwtc.com.
About Partners Capital Group
Founded in 1993, Partners Capital Group (PCG) is a full financial and consulting services firm located in Miami, Florida. As an independent US Broker Dealer and Investment Bank, PCG offers their clients a full range of domestic and international products and services, analysts, comprehensive research, technology and access to experienced professionals. Partners is the consulting division of the PCG specializing in helping small and mid-size companies establish their images and build greater awareness through the dissemination of information to the media and the investment community. www.partnerscapitalgroup.com.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. This information is not a recommendation to buy or sell securities of Power Technology, Inc. (the Company).
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Contact:
Power Technology, Inc.
Peter Holeczek, 800/632-6012
or
Princeton Research, Inc.
Mike King, 877/377-9427
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