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Invesco PowerShares Announces T. Boone Pickens Live Webcast: Energy Solutions for the 21st Century
CHICAGO, IL--(Marketwire - January 14, 2009) - Invesco PowerShares announced today that T.
Boone Pickens, a leading authority on alternative energy, will participate
in a webcast regarding America's dependence on foreign oil. The event,
titled "Energy Solutions for the 21st Century," will be held on Tuesday,
Jan. 27, 2009 at 4:00 p.m. EST and will be presented by Invesco
PowerShares.
"We are honored to welcome T. Boone Pickens to discuss America's dependence
on foreign oil and to share his perspective on alternative energy
solutions. We believe the United States' dependency on foreign oil links
three of the most critical issues we face today: the economy, the
environment and national security," said Bruce Bond, president and CEO of
Invesco PowerShares.
Pickens, founder and chairman of BP Capital Management, is the creator of
the Pickens Plan, a grass-roots campaign aimed at reducing America's
dependence on imported oil by harnessing domestic energy alternatives. The
plan calls for building new wind generation facilities that would produce
20% of our nation's electricity and allow us to use natural gas as a
transportation fuel.
Pickens will be joined by Bond in discussing his plan and how it pertains
to President-Elect Barack Obama's alternative energy outlook. In addition,
Invesco PowerShares National Sales Manager, Robert Brooks, will be present
to discuss how PowerShares exchange-traded funds (ETFs) may relate to the
Pickens Plan. The conference will conclude with a question and answer
session featuring all three panelists.
The live webcast will be open to the public, and those interested in
participating are encouraged to visit www.invescopowershares.com/webcast
for registration details.
Invesco PowerShares Capital Management LLC is leading the intelligent ETF
revolution through its family of more than 130 domestic and international
exchange-traded funds, which seek to outperform traditional benchmark
indexes while providing advisors and investors access to an innovative
array of focused investment opportunities. With assets under management of
$9.15 billion as of Dec. 31, 2008, PowerShares ETFs trade on all three U.S.
stock exchanges. For more information, please visit us at
www.invescopowershares.com.
Invesco PowerShares is a part of Invesco Ltd., a leading independent global
investment management company, dedicated to helping people worldwide build
their financial security. By delivering the combined power of our
distinctive worldwide investment management capabilities, including AIM,
Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross,
Invesco provides a comprehensive array of enduring investment solutions for
retail, institutional and high net worth clients around the world.
Operating in 20 countries, the company is listed on the New York Stock
Exchange under the symbol IVZ. Additional information is available at
www.invesco.com.
Opinions expressed are by T. Boone Pickens and are not necessarily that of
Invesco PowerShares, Invesco Aim or Invesco Ltd. Invesco Ltd. and its
subsidiaries offer no guarantees or warranties as to the accuracy and
reliability of opinions expressed.
There are risks involved with investing in ETFs, including possible loss of
money. Shares are not actively managed and are subject to risks similar to
stocks including those related to short selling and margin maintenance.
Ordinary brokerage commissions apply.
The Funds are concentrated in a single industry, which involves
substantially greater risk of loss and price fluctuations than an
investment diversified across multiple industries or sector segments.
Shares are not FDIC insured, may lose value and have no bank guarantee.
© 2009 Invesco PowerShares Capital Management LLC
PowerShares® is a registered trademark of Invesco PowerShares Capital
Management LLC (Invesco PowerShares). Invesco PowerShares Capital
Management LLC and Invesco Aim Distributors, Inc. are indirect, wholly
owned subsidiaries of Invesco Ltd.
Invesco Aim Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust and the PowerShares Exchange-Traded Fund Trust
II.
An investor should consider the Funds' investment objectives, risks,
charges and expenses carefully before investing. For a copy of the
prospectus which contains this and other information about the Funds, call
800.983.0903 or visit www.invescopowershares.com. Please read the
prospectus carefully before investing.
Shares are not individually redeemable and owners of the Shares may acquire
those shares from the Funds and tender those shares for redemption to the
Funds in Creation Unit aggregations only, typically consisting of 100,000
shares.