SOURCE: Advanced Battery Technologies, Inc.

July 12, 2007 08:30 ET

Advanced Battery Technologies Retains ROI Group as Investor Relations Counsel

Manhattan-Based Firm to Execute Comprehensive Investor Outreach Program

NEW YORK, NY and HARBIN, CHINA--(Marketwire - July 12, 2007) - Advanced Battery Technologies, Inc. (OTCBB: ABAT) announced today that it has retained ROI Group LLC as its investor relations counsel. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer-lithion-ion (PLI) batteries.

ROI will provide ABAT with a comprehensive investor outreach program to introduce its compelling investment story to a broad range of targeted potential investors, with the goal of increasing liquidity of ABAT's U.S.-traded common stock and significantly enhancing ABAT's shareholder value.

"We are extremely pleased to be working with ROI Group's seasoned professionals," stated Mr. Zhiguo Fu, ABAT Chairman and Chief Executive Officer. "Our goal in hiring ROI is to help us clearly and thoroughly communicate our increasingly strong investment story through a comprehensive investor relations program designed to reach our target audiences both directly, and through the media," Mr. Fu continued. "Given ROI's extensive experience working with micro- and small-capitalization companies, we are confident that ROI is well-positioned to assist us in building our U.S. shareholder base, and better align our market value with the fundamentals of our rapidly growing business," concluded Mr. Fu.

"We are gratified to have been retained by Advanced Battery Technologies, and confident that we can dramatically increase awareness of the Company and the strong investment opportunity it represents, amongst U.S. investors," stated Andrew Brown, ROI Group Managing Partner. "Advanced Battery Technologies' strong fundamentals require the added catalyst of seamless compliance, effective shareholder communications, and financial expertise. Clearly, Company management appreciates this and has acquired the expertise required to execute these necessary activities through a number of contractual relationships. Over time, we believe Advanced Battery Technologies could become the model for future U.S. exchange-listed China-based companies seeking broad U.S. investor participation," concluded Brown.

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, cell phones, notebook computers, and other electronic devices. ABAT maintains R&D 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.

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section21E 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. Some of the factors that may affect the forward looking statements in this news release are the availability of licensed personnel to operate pharmacies, the availability of suitable retail locations, and the acceptance of new technologies by the medical profession. Other risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB, and most recent Registration Statement on Form SB-2 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.

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