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Power Technology to Acquire Leach Industries
LAS VEGAS--(BUSINESS WIRE)--Aug. 21, 2002--Power Technology (OTCBB:PWTC - News) announced a letter of intent to acquire
Leach Industries,Inc., developer of the AMRON line of utility products.


This acquisition marks the beginning of a business transformation for Power Technology that will create a revenue model with positive cash
flow.

Leach Industries, Inc., located in Macon, Georgia, is a pioneer in the automatic meter reading market, having operated as a developer and
manufacturer of cost effective automation components for utility companies since 1995. The AMRON System is a powerful combination of
specialized hardware and software combined to provide utilities with a complete low cost automation process for communicating automatic
meter reading and outage notification. According to industry sources, there are over 121 million electric meters in the U.S. and less than 10%
had been read remotely at the end of 2001.

The AMRON LITE is a patented, compact outage/restoration notification and meter reading device that conveniently plugs into an existing
power receptacle and a telephone outlet. In conjunction with the device, Leach offers full call-center services, including data storage,
outage/restoration statistics and third party outage/restoration notification.

Leach Industries has completed the development of a communication interface option board ( CIB ) to facilitate wireless communications with
new, fully electronic meters. The CIB provides wireless retrieval of metered and other power data in real time. Leach also provides full meter
data services via its AMRON Meter Management Portal ( AMMP ), making utility and customer billing data available via the internet as well
as directly to utility billing systems.

Leach Industries, with its AMRON LITE product, has booked over $ 3 million in contract sales, has positive cash flow and is profitable. In
addition, there are more than a dozen completed beta tests and new tests occurring with seventeen other major utilities who are potential users
of the product.

Executives of both companies see this merger as an opportunity beneficial for growth and success. Completion of the merger is slated for late
September.

Safe-Harbor Statement under the Private Securities reform Act of 1995: The statements contained herein that are not historical are
considered, " forward looking," Such statements are subject to risks and uncertainties that could cause material difference from expected and
real outcome of results.The company is subject to possible delays in either production or customer acceptance of the product. This
information is anticipated to be correct but subject to risks of new technologies. Delays in testing and evaluation are always harmful to newly
developing high tech companies.