SOURCE: Advanced Battery Technologies, Inc.

August 03, 2006 08:30 ET

Advanced Battery Technology, Inc. Initiates Investor Relations Program

NEW YORK, NY -- (MARKET WIRE) -- August 3, 2006 -- Advanced Battery Technology, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries for use in electric vehicles, motorcycles, mine use lamps, cell phones, notebook computers and other personal electronic devices, has entered into a Capital Markets Advisory agreement with New York based Murdock Capital Partners Corp., a 15 year old merchant banking and investor relations firm, the company announced.

Murdock Capital Partners Corp. will provide advice and consult with the Company concerning financial planning, corporate organization, and financial matters in connection with the raising of capital for the Company, mergers and acquisitions and other similar business situations, and the recognition by the investment community of Advanced Battery.

"With a number of highly positive developments occurring within the company over the near term, management feels that is it a propitious time to embark upon a formal investor relations and capital markets advisory effort," Zhiguo Fu, Chairman of Advanced Battery Technology stated. "We are delighted to be working with Murdock Capital and believe they will be instrumental in attracting the right audience to understand our Company and its prospects," Fu added.

"Advanced Battery is a rapidly growing company with aggressive management, a combination that will be attractive to investors," Luis J. Mejia, Managing Director of Murdock Capital stated. "Murdock Capital Partners Corp. intends to disseminate the Advanced Battery story to long term investors and will assist the Company in its fund raising efforts," Mejia continued. "We anticipate a long and successful relationship with the Company and are looking forward to working with management in all endeavors associated with the capital markets," Mejia concluded.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, 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 release. These risks and uncertainties include, without limitation, risks that that technical issues will delay or prevent the development of the planned all-electric bus, risks that the market for the all-electric bus using the materials designed and built by the parties may be limited, and the risks that other all-electric buses receive better market acceptance than those described in this release. We undertake no obligation to revise or update publicly any forward-looking statements.

Contact Information

  • Contact:
    For Additional Information:
    Advanced Battery Contact:
    Ms. Mellisa Chen
    21 W 39th Street Suite 2A
    212-391-2752

    Murdock Capital Partners
    Mr. Luis Mejia
    520 Madison Avenue, 40th FL
    New York, NY 10022
    212-421-2445