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Powersafe Technology Corp. (PSFT)

Powersafe Technology Corp. (PSFT) through its wholly owned subsidiary ATI, seeks to transform the field of low-level signal detection. The company’s patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation and homeland security.

The company’s technology has been successfully used to develop extremely sensitive detectors of low levels of light and management believes its detectors will be used in many existing applications as well as open up new markets. ATI’s technology is patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe and Amplification. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and set forth in PowerSafe’s SEC filings and such other matters as are contained therein. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

Resources:

For Powersafe Technology Corp’s public filings and the 8-K filed on April 4, 2008 announcing the transaction with Amplification please click here:

For the actual agreement between Powersafe and Amplification, including the information about Amplification Technologies, which was filed as Exhibit D to the Merger Agreement, please click here:

Click here for Amplification Technologies Web site:

Amplification Technologies patents:

Contact:
Jack N. Mayer,
Amplification Technologies
(718) 951-8021
mayer@amplificationtechnologies.com

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