PowerLinx, Inc. Effectuates Reverse Stock Split

PowerLinx, Inc. (OTCBB:PWLX), a developer, manufacturer,
and seller of powerline communication products today announced that it
has effected a one for fifty reverse split of its common stock as
approved by its Board of Directors on March 3, 2006. Upon today's
market open, March 22nd, PowerLinx's common stock will begin trading
on a split-adjusted basis under the new trading symbol "PWNX"
(OTCBB:PWNX).
   Mike Tomlinson, Chief Executive Officer stated, "The reverse stock
split was an agreed upon provision under the terms of our new
financing agreement that we announced on March 16, 2006; and is part
of our overall long-term plan to improve our equity structure and to
attract new investors. We believe that this decision, coupled with
financing that allows our management team to now focus entirely on the
implementation of its business plan; will contribute to shareholder
value."
   As a result of the reverse stock split, every fifty shares of
common stock of PowerLinx that is issued and outstanding shall
automatically be combined into one issued and outstanding share
without any change in the par value of such shares. The number of
shares of PowerLinx's common stock issued and outstanding will be
reduced from 238,987,200 as of March 21, 2006 to approximately
4,779,745 shares post-split. The number of shares the Company is
authorized to issue was also reversed in the same one for fifty ratio.
The reverse stock split affects all shares of common stock, stock
options, and warrants outstanding as of the effective time of the
reverse stock split. PowerLinx will pay cash to shareholders in lieu
of any fractional shares.
   About PowerLinx, Inc.: PowerLinx, Inc., http://www.power-linx.com,
develops, manufactures, and markets products and applications that
transmit voice, video, audio and data either individually or in any
and all combinations over power lines, twisted-pair wires and coax in
AC and DC power environments, on any and all power grids. The Company
has also developed, manufactured, and marketed different kinds of
underwater video cameras, lights and accessories for the marine,
commercial and consumer retail markets.
   Web site: http://www.power-linx.com
   E-mail: [e-mail]

   This press release may contain "forward-looking statements" that
involve risks and uncertainties, including statements regarding our
plans, future events, objectives, expectations, forecasts, or
assumptions. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement, and in
some cases, words such as "believe," "estimate," "project," "expect,"
"intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes and
results to differ materially from the anticipated outcomes or result,
and undue reliance should not be placed on these statements. These
risks and uncertainties may include: the adoption of our new products
by customers; our ability to identify, develop, and commercialize new
applications for our products; the ability to manage our anticipated
growth; scaling-up our manufacturing capabilities; protecting our
intellectual property; and other risks and uncertainties discussed in
filings made with the Securities and Exchange Commission (including
risks described in subsequent reports on Form 10-Q, Form 10-K, Form
8-K, and other filings). PowerLinx, Inc. disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.