NEWSCENTER
PRESS RELEASE:
POWER TECH CORPORATION
INC.
POWERTECH ISSUES STOCK OPTIONS
Terrebonne (Québec),
April 5, 2006 – The
board of directors of Power Tech Corporation Inc. « PowerTech » or « The
Corporation » (TSX-V : PWB), authorized yesterday
the issuance of 214,500 stock options to its directors and
senior management conforming to the Corporation’s Stock
Option Plan approved October 27, 2004.
The members of the board of directors were issued a total
of 77,000 stock options and the senior management of the Corporation
received the balance of 137,500 stock options.
The exercise price of these options is
fixed at $0.76 which is the closing price of the Corporation’s shares on the
TSX Venture Exchange on April 4, 2006. Senior management
options were issued as per the following vesting schedule: 20%
after the first year, and 10% per quarter for the 8 quarters
that follow. These options expire April 4, 2011.
About PowerTech (www.powertechci.com)
PowerTech specializes in developing,
integrating and commercializing leading edge technologies allowing
substantial performance, productivity and functionality improvements
in excavation equipment and systems for the general construction
industry and several other applications in the aluminium, mining,
tunnel digging, forestry, archaeology and military sectors.
* The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuray of this press release
-30-
Source:
Power Tech Corporation Inc.
www.powertechci.com
For further information:
Mr. Carol Murray
President and Chief Executive Officer
Power Tech Corporation Inc.
Tel.: (450) 419-5400
Fax: (450) 419-5411
carol.murray@powertechci.com
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