Advanced Powerline Technologies, Inc., Today Announces The Results Of Its 2006 Annual Shareholders Meeting

Advanced Powerline Technologies, Inc., Today Announces The Results Of Its 2006 Annual Shareholders Meeting WOODWARD, OK -- (PINKSHEETS) - August 10, 2006 -- Advanced Powerline Technologies, Inc., (Pink Sheets: APWL - News) announces today the results of its annual shareholders meeting, held in Woodward, Oklahoma . Advanced Powerline Technologies, Inc. (APT), reports that its annual shareholders meeting for 2006 was held Saturday, August 5, 2006 in Woodward, Oklahoma. Shareholders were welcomed to APT's facility in Woodward by Interim President Timothy Pace and other officers and directors, where they toured the facility and asked questions of the officers about the company's plans for the facility and operations there. The meeting was then adjourned to a more comfortable location, and shareholders heard a presentation from Mr. Pace regarding the company's plans and direction as well as its current status. Mr. Damon Maughan and Mr. Mike Snyder, both of whom had been nominated as independent directors for election by the shareholders, were present, and each of them introduced himself to the shareholders and described his background and the skills and talents he will to bring to APT. Mr. Maughan has a background in finance, while Mr. Snyder has a background in tax accounting and is a qualified CPA. The shareholders elected both Mr. Maughan and Mr. Snyder to the company's Board of Directors. The shareholders then considered and approved a motion to allow the directors and officers to alter the company's By-Laws and Corporate Governance to comply with the requirements of the Sarbanes-Oxley Act if needed. Finally, as a one-time gesture of appreciation and good-will, the company presented a 27 inch APT High Definition Monitor to each shareholder present. The company also announced that Mr. Brian McCool of Billings, Missouri was randomly selected from among all entries as the winner of the 32 inch APT Monitor with High Definition Tuner (HDTV) and PLC InsideTM, awarded as part of APT's Consumer Awareness Campaign. The company wishes to congratulate Mr. McCool and to thank all those who entered. Mr. Pace stated, "It was great to meet more of the shareholders face-to-face and to have the opportunity to talk with them and answer their questions. After all, the shareholders are the ones we are really working for. We appreciate them taking the time to attend our annual meeting, and we are pleased with the actions they have taken. We look forward to working with new directors Mike Snyder and Damon Maughan, and we believe their contributions will be important to our future success. We are also pleased that the shareholders voted to bring the company's By-Laws and Corporate Governance into compliance with Sarbanes-Oxley if needed. This gives us an important tool for achieving our goal of moving to the Bulletin Boards, where Sarbanes-Oxley compliance is a requirement. We believe our company has great potential, and we look forward to realizing that potential and building a great company for our shareholders." Advanced Powerline Technologies, Inc.'s principal business focus is to create and develop Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices, products and services. The company's principal products at this time are liquid crystal display (LCD) digital televisions with high definition tuners (HDTV). The company intends on marketing the sales of High Definition Digital Televisions (HDTV) internationally and domestically. Upon the completion of research, development, and the verification of test results of the company's Broadband over Power Line (BPL) and Power Line Communications (PLC) devices, the company intends to utilize the technology within the existing product platforms to enhance their capabilities. Advanced Powerline Technologies, Inc.'s main products will become Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices with the Company's related hardware and system service. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Advanced Powerline Technologies, Inc., (the ``company''), as well as those contained herein, that are not historical facts are ``forward-looking'' statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``seeks,'' ``estimates,'' and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales. The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions. -------------------------------------------------------------------------------- CONTACT: Advanced Powerline Technologies, Inc. Christopher Holley, Vice President Investor Relations Telephone (310) 544-8894 E-mail: [email protected] Note: To allow us to respond to you, please include your telephone number in your email. 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