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Power Air Corporation Receives Strong Upgrade by Respected Research Firm



Power Air Corporation Receives Strong Upgrade by Respected Research Firm

Management Prepares for Global Commercialization of Cutting-Edge Emission Free Zinc Air Fuel Cell

LIVERMORE, Calif---- August 30, 2006 – Power Air Corporation (OTC BB: PWAC) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on PWAC.  This strong upgrade comes at a time when the company has partnered with Schrader Bridgeport International to commercialize a zero emission, back-up power generator suitable for indoor and outdoor use. This upgrade is also due to the increased interest in metal-air fuel cells as an alternative to traditional battery technology.  Power Air expects to capitalize on this potential when it demonstrates its fuel cell based generator at a number of North American and International Power and Fuel Cell events in early 2007.

TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.  To view the entire independent research report, please click on the attached URL: http://www.otclive.com 

Mr. Remy Kozak, President and CEO of Power Air Corporation states, “We are honored to have a quality independent research firm review our progress and potential and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction.”  Mr. Kozak further stated, “Participation in the North American and International events is an important pre-commercial activity. Our fuel cell ultimately has advantages over competitors due to the high energy density and stability of the fuel – Zinc – the low cost of production and our unique patent that allows for continuous operation.”

About Power Air Corporation:

Power Air Corporation, with the head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.

For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com.

Investor Relations please call OTC Financial Network, Peter Clark, +1-781-444-6100 x629 or email peter@xxxxxxxxx.

Forward-Looking Statements:
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.

Onyx Consulting based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by Onyx Consulting to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Onyx Consulting is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Onyx Consulting has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. Onyx Consulting has been compensated by third party shareholders or with cash from the company on behalf of PWAC.OB. Onyx Consulting has been compensated one hundred fourty five thousand dollars and 225,000 shares of stock of Power Air Corp on behalf of PWAC.OB for dissemination of this opinion and other professional services.Onyx Consulting‘s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value.Onyx Consultingwill not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies` annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Onyx Consultingundertakes no obligation to update such statements.




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