PowerComm Inc. files preliminary prospectus



    CALGARY, March 13 /CNW/ - PowerComm Inc. (the "Corporation") announced
today that it has filed and received a receipt for its preliminary prospectus.
The Corporation filed its preliminary prospectus in the provinces of Alberta,
British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia,
Newfoundland & Labrador and Prince Edward Island in connection with its
proposed equity offering announced on February 23, 2007. The equity offering,
which is expected to close in mid April, is being managed by Research Capital
Corporation and includes GMP Securities L.P., Canacord Capital Corporation and
HSBC Securities (Canada) Inc. as agents.
    The Corporation intends to raise a minimum of $12 million and a maximum
of $20 million with its proposed equity offering; with an over allotment
provision of 15%. In addition, the Corporation intends to apply for
conditional listing on the Toronto Stock Exchange to concur with the closing
of the offering. PowerComm Inc. intends to seek listing on the TSX, but such
listing is not assured and is subject to approval of the TSX and other
regulatory approvals.
    "This is a significant event for PowerComm Inc." said Wayne R. Rutherford
- Company President and CEO, "and helps satisfy our company's growth
objectives" he continued.

    PowerComm Inc. began operations in 1995 in Lloydminster, Alberta,
PowerComm Inc. is now headquartered in Edmonton and has thirteen offices
throughout Alberta. It employs over 400 people in its
electrical/instrumentation maintenance, electrical/instrumentation
construction, valve servicing, and electrical equipment manufacturing
divisions.

    Reader Advisory

    The news release contains certain forward-looking statements, including
management's assessment of future plans and operations and capital
expenditures and the timing thereof, that involve substantial known and
unknown risks and uncertainties, certain of which are beyond PowerComm Inc.'s
control. Such risks and uncertainties include, without limitation, risks
associated with the Corporation's ability to market successfully to current
and new customers; supply and demand for PowerComm Inc.'s services and
products and industry activity levels; capital expenditure programs;
projections of commodity prices and costs; the Corporation's ability to obtain
material and equipment from suppliers; operating risk liability; expansion of
services and products by internal growth or acquisition; the Corporation's
ability to obtain additional financing on satisfactory terms; the impact of
general economic and industry conditions; changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced; competitive conditions; the lack of
availability of qualified personnel or management; fluctuations in foreign
exchange or interest rates, stock market volatility; and obtaining required
approvals of regulatory authorities. PowerComm Inc.'s actual results,
performance or achievements could differ materially from those expressed in,
or implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits, including the amount of proceeds, that PowerComm Inc. will
derive therefrom. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to PowerComm Inc. or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are
made as of the date of this news release and PowerComm Inc. does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.





For further information:

For further information: Wayne Rutherford, President and Chief Executive
Officer, or J.D. Snowdon, Executive Vice President Corporate Services at (780)
465-7038, or at info@powercomm.ab.ca

Organization Profile

POWERCOMM INC.

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