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GiveMePower, in Letter to Shareholders, Documents Strong Progress in First Few Months of Operation and Solid Prospects for Its PowerCAD Desktop and Mobile/Wireless Solutions.


Business Editors

GiveMePower Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: GMPW), a provider of desktop, portable and wireless solutions for the design/build industry, told shareholders today, in a state-of-the-company report from President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Bill Walton William Theodore Walton III, better known as Bill Walton (born November 5, 1952), is a former American basketball player and current television sportscaster. He is the father of current Los Angeles Lakers player Luke Walton. , that over the past few months it has achieved critically important milestones.

They include product design advancements, strategic technology acquisitions, and new business partnering agreements with major software industry players, including the biggest of them all - Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail,  (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: MSFT MSFT Microsoft (stock symbol)
MSFT Movimento Sociale Fiamma Tricolore (Italy)
MSFT Multi-Stage Fitness Test
MSFT Master of Science in Family Therapy
MSFT Macalester Students for Fair Trade
).

"We expect each of these accomplishments to begin yielding significant results in the next few quarters of business," said Walton. "Each of these initiatives is being driven by very positive early reaction to our new PowerCAD(R) mobile and desktop software systems, particularly from our primary target - the design/build software market. In fact, our Website has recorded more than 1.5 million hits, with more than ten thousand product downloads, since March 31...driven largely by our free PowerCAD LT+(TM) promotion, designed to help generate up to 100,000 new GiveMePower clients in the coming year."

From the outset, the CEO told shareholders, the company's goal has been to deliver a completely unique suite of price-performance leading mobile and desktop software able to leverage the success of existing industry leaders, but at a retail price range that's 80 to 85% lower than the current price points of industry leaders.

He added that a critically important element was validated val·i·date  
tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates
1. To declare or make legally valid.

2. To mark with an indication of official sanction.

3.
 by the recent announcement of acceptance into Microsoft Corporation's Mobile Solutions Partner Program. In addition to direct access to the latest Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0.  developer resources, PowerCAD CE will gain wide exposure through Microsoft's Mobile Solutions web sites, and be exposed to key Microsoft sales teams to enable joint selling.

"Microsoft's validation See validate.

validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements.
 and the considerable industry buzz being generated with PowerCAD CE(TM) should help to establish GiveMePower as the clear leader in addressing millions of potential users with the means to manage their designs and digital blueprints anytime and anywhere they want, on handheld devices running Microsoft's portable Windows CE(R) operating system operating system (OS)

Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs.
," the CEO affirmed af·firm  
v. af·firmed, af·firm·ing, af·firms

v.tr.
1. To declare positively or firmly; maintain to be true.

2. To support or uphold the validity of; confirm.

v.intr.
.

Walton also noted that in early June, just four months after commercial company launch, major updates to its complete PowerCAD desktop and mobile product lines began shipping. These updates, he said, included ground-breaking innovations such as the company's exclusive VoiceNOTE(TM) audio collaboration technology, which lets PowerCAD users coordinate project workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle.  by simply recording changes verbally and wirelessly communicating to all members of the design and construction team - both in the office and in the field.

"The advent of VoiceNOTE heralds a new era in productivity by allowing even non-CAD literate managers, owners and support staff to actively participate in the design/build cycle and ongoing maintenance of their projects," Walton explained, noting also that PowerCAD CE is the only system of its kind that runs as a completely independent mobile CAD, or as a perfectly synced portable extension for market leading desktop systems such as AutoCAD(R) by Autodesk Inc., MicroStation(R) by Bentley Systems Bentley Systems, Incorporated, provides software for the "Design, construction and operation of the world's infrastructure". The company’s software serves the building, plant, civil, and geospatial vertical markets in the areas of architecture, engineering, construction (AEC)  Inc., and GiveMePower's PowerCAD desktop line. "No other vendor is currently able to provide the depth of perfectly synced desktop and mobile CAD technologies now available through GiveMePower."

The CEO said a key component in the company's business plan is to license its technologies to commercial, corporate and government enterprises as an embeddable "engine" for creation of custom vertical market software solutions. "To this end," he said, "we now have more than 20 third-party developers It has been suggested that First-party developer, Second-party developer be merged into this article or section. ... such as Nikon, Mapping Solutions and Boss International (that) will provide ongoing revenues in future months as they complete and bring to market a wide array of solutions in the fields of architecture, engineering and construction, as well as the emerging arenas of GIS (1) (Geographic Information System) An information system that deals with spatial information. Often called "mapping software," it links attributes and characteristics of an area to its geographic location.  and GPS location-based technologies and wireless shop-floor design automation systems for manufacturing with its traditionally strong dependence on CAD.

"As we move forward," Walton noted, "we're looking to expand our Power branded product line by partnering with, or acquiring, technologies from what we call "best-of-breed" vertical market solution providers. To date, we have acquired two such technologies, including a soon to be announced To be announced (TBA)

A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered.
 architectural and building design solution that could revolutionize rev·o·lu·tion·ize  
tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es
1. To bring about a radical change in: Television has revolutionized news coverage.

2.
 the entire industry...With a little help from the investment banking community, and the continued support of our shareholders, our experienced management team and board is convinced we can generate up to $50 million in revenues in the next 3 years with healthy earnings associated with well run software companies," he continued.

Moreover, Walton told shareholders, "To better document our accomplishments and to help steadily increase shareholder value in today's volatile and unpredictable investment markets, we've recently engaged BreakOut Investment Marketing and the Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 Network...As they share our belief in the company's strong future, a significant part of both firms' compensation is long-term warrants tied to the performance of our common stock."

Citing the ongoing work of the company's product development team, Walton concluded: "The products they are creating, I am convinced, will continue to revolutionize the design/build software market over time, and translate into significant rewards for the shareholders and partners of GiveMePower."

PowerCAD mobile and desktop products are available for purchase and free trial from the GiveMePower website at www.givemepower.com, or by calling 888-97-POWER. Agent and developer partner inquiries are welcome.

For more information, please contact GiveMePower Corporation at:

Toll Free (US/CAN): 1-888-97-POWER

Local: (403) 287-6001

Media Relations             Investor Relations
Janeen Norman-Lando         Todd Noble, Chief Financial Officer
media@givemepower.com       ir@givemepower.com


About GiveMePower Corporation

GiveMePower is an emerging software and services company delivering price-performance leading desktop, portable and wireless solutions for the multi-billion dollar design/build industry. GiveMePower helps businesses grow, prosper and make better use of limited resources by providing affordable and industry compatible CAD and developer partner solutions. Over 100,000 users and developers in 40 countries around the world depend on GiveMePower technologies.

With the exception of historical information, the matters discussed in this press release are "forward looking" statements that involve a number of risks and uncertainties. The actual future results of the Company could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the continued demand for the Company's products and services, worldwide economic conditions, changes in governmental regulations and policies, the emergence of competitive products and services, unforeseen technical issues and those risk factors contained in the Company's filings with the SEC.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 27, 2002
Words:1061
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