SOURCE: Advanced Battery Technologies

October 04, 2007 12:57 ET

Advanced Battery Technologies Announcement of Trading on the American Stock Exchange

Advanced Battery Technologies' New Ticker Symbol Will Be GBT

NEW YORK, NY and HARBIN, CHINA--(Marketwire - October 4, 2007) - Advanced Battery Technologies, Inc. (OTCBB: ABAT) announced yesterday (October 3, 2007) 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being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if Advanced Battery Technologies is not in compliance with such standards.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 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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