SOURCE: Advanced Battery Technologies, Inc.

February 25, 2008 08:30 ET

Advanced Battery Technologies to Commence Trading on the NASDAQ Capital Market on February 26, 2008

The New Trading Symbol on the NASDAQ Will Be ABAT

NEW YORK, NY and HARBIN, CHINA--(Marketwire - February 25, 2008) - Advanced Battery Technologies, Inc. (AMEX: GBT) will commence trading on the NASDAQ Capital Market on February 26, 2008. The new trading symbol will be "ABAT." The shares of Advanced Battery Technologies will no longer trade on the AMEX under the symbol GBT. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment, and a variety of other consumer electronics.

"The Company is pleased to announce that its shares will start trading, February 26, 2008, on the NASDAQ Exchange. We are elated to have our originally established symbol ABAT back," Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO, stated.

"We are pleased to join this ever growing list of technology companies trading on the NASDAQ. We believe that our new NASDAQ listing will provide enhanced liquidity and added visibility. We are looking forward to attracting research analyst coverage as a result of our listing," added Mr. Fu, Advanced Battery's Chairman and CEO.

"NASDAQ has been a successful platform for many innovative, growing technology companies. We believe that our association with NASDAQ will afford us an opportunity to reinforce our position as a technology and market leader," concluded Mr. Zhiguo Fu.

About Advanced Battery Technologies, Inc.

Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI batteries for use in electric vehicles, mine lamps, and consumer electronics, including 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.

About Nasdaq:

NASDAQ is the largest electronic screen-based equity securities market in the United States, both in terms of number of listed companies and traded share volume. With approximately 3,100 listed companies, it is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries

Forward-Looking Statements:

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements, are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB, 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.