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www.MarketGainer.com: Market Gainer releases profile for Power Technology Incorporated

Oct 27, 2005 (M2 PRESSWIRE via COMTEX) -- MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. MarketGainer.com has identified the following company based on these criteria. Power Technology, Inc. (OTCBB:PWTC) is a company that engages in the research and development of batteries for the automotive and electric car industries. The company's battery technology is in the preliminary prototype stage of development.
Share activity brought company share prices up 16 per cent today, trading at a high of 11 cents per share, for a two-cent gain over yesterday's close of nine cents. Trading volume reached 636 thousand shares.

The interest in stock is powered by the announcement that the company has entered into a Securities Purchase Agreement dated as of October 14, 2005 and other related agreements with CSI Business Finance, Inc. regarding the issuance of a 12% secured convertible debenture in the principal amount of $87,000 (U.S.), due April 12, 2006, and which funds will be used for general corporate purposes.

The Registrant also entered into a Investor Registration Rights Agreement with CSI.

The Registrant has executed and delivered a Security Agreement to CSI that provides CSI with a security interest in substantially all of the assets of the Registrant, subordinated to the existing Security Agreement with Cornell Capital Partners, L.P. dated August 27, 2004.

The Debenture issued to CSI by the Registrant and the accrued interest thereon are convertible into the common stock of the Registrant at any time until repayment of the Debenture at the price per share equal to the lesser of an amount equal to $.08 or an amount equal to 100% of the average of the three lowest closing bid prices of the common stock for the 30 trading days immediately preceding the conversion date.

However, in no event shall CSI convert........

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