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Advanced Battery Technologies
Announcement of Trading on the American Stock Exchange
Oct 06, 2007
Advanced Battery Technologies, Inc. (OTCBB: ABAT) announced that its
common shares had been approved for listing on the American Stock
Exchange ("AMEX"). As an addendum to that announcement the Company
further advises shareholders and other market participants that its
shares are expected to commence trading on the American Stock
Exchange on Tuesday, October 9, 2007. The new trading symbol will be
GBT.
The listing approval is contingent upon Advanced Battery
Technologies being in compliance with all applicable listing
standards on the date it begins trading on the Exchange, and may be
rescinded if Advanced Battery Technologies is not in compliance with
such standards.
Mr Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies,
stated: "Management wishes to express its appreciation for the
strong support from its shareholders, and to point out that listing
on the Exchange is an important and exciting event in the
development of our Company."
About Advanced Battery Technologies
Founded in September 2002, Advanced Battery Technologies develops,
manufactures, and distributes PLI batteries and battery cells using
lithium cobalt oxide anodes to overcome many of the shortcomings
associated with other types of rechargeable batteries. ABAT develops
PLI battery cells for use in electric vehicles, mine lamps, and
consumer electronics, such as cellular telephones, laptop computers,
and digital cameras. ABAT maintains research and development and
manufacturing facilities in Harbin, China, and administrative
offices in New York, New York. Additional information about Advanced
Battery Technologies is available at http://www.abat.com.cn/.
This presentation contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, which may involve risks,
uncertainties and other factors that may cause the company's actual
results to be materially different from any future results or
performance suggested by the forward-looking statements in this
presentation. These risks and uncertainties include, without
limitation, risks that the results of future performance will not be
consistent with the forward-looking statements, risks that the
backlog will not be fulfilled due to reasons of either the Company
or the customer, and the risks that the batteries of competitors
receive better market acceptance than those of the Company's PLI
batteries. Other risk factors are listed in the most recent Annual
Report on Form 10-KSB and Quarterly Report on Form 10-QSB, filed
with the Securities and Exchange Commission. Such forward-looking
statements involve risks and uncertainties, which may cause the
actual results, performance, or achievement expressed or implied to
differ. We undertake no obligation to revise or update any
forward-looking statements.
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