In my opinion, it does.
You can lookup at google, keyin the text - powertools for entrepreneurs+sunnytung
You'll my site which is a redirect showing up >
http://www.sunnytung.com/powertoolsHowever though it shows up in google, but at which page number, for your choice of keyword/s? (Though my link shows up, it's not even listed in the first 3 pages, if you use the keyword "powertools"!)
I would advice you to start creating a good niche site which the search engines love rather than just setting up a redirect. There's a great guide I found called "Rapid Niche" resource which combines your SEO, Blogging and Niche Theme web building all in one.
An example of the site can be found at
http://newvegetarianlifestyle.com (this site was indexed by google within 3 days). If you want to know further, send me a message and I'll forward the resource to you.