PowerLinx, Inc. Receives Proceeds from $4.475 Million Convertible Debenture Offering

PowerLinx, Inc. (OTCBB: PWNX), a developer,
manufacturer, and seller of power line communication products today
announced that it has received the entirety of proceeds due from a
recently completed $4.475M convertible debenture offering with various
accredited and institutional investors. PowerLinx had entered into the
financing agreement on March 16, 2006, and has received all proceeds
due from the offering as of March 29, 2006. In the offering, PowerLinx
received proceeds of $3.1M and converted an additional $1.375M of
existing debt into the convertible debentures. The proceeds will be
used to execute the PowerLinx Business Plan. The plan includes
completion of research and development of certain power line
technologies as well as completion of development of new power line
video and audio products targeted at the video surveillance, vehicle
accident avoidance and audio home entertainment markets. As announced,
PowerLinx plans to introduce these new products during the third and
fourth quarters of 2006.

   About PowerLinx, Inc.: PowerLinx, Inc., 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: 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.