PowerShell and WebServices from behind a Proxy

Today i puppetted with accessing webservices from behind a proxy in PowerShell and i thought of sharing with internet community if one may come across.

Following are the work conditions that i have.
1) A corporate proxy through which all my web traffic route through
2) PowerShell RC1 version
3) Window XP with SP2

My Objective was to download a file from internet from behing a Proxy via PowerShell..(Coz i may Schedule a download one day through PowerShell Script) Continue reading