SOURCE: Li-ion Motors Corp.

December 02, 2011 06:00 ET

Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) Announces Director of Business Development China

LAS VEGAS, NV--(Marketwire - Dec 2, 2011) - Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L), winner of the 2010 X-Prize using 21st Century Design & Engineering of emission-free, all electric high speed long range automotive propulsion systems using the latest lithium-ion battery technology, is pleased to announce and appoint our first management member from Asia, Edmond Yu, who will hold the position Director of Business Development China.

Li-ion Motors is moving forward in developing our organization. In order to advance we need to expand our management team while building in accordance with our planned direction and growth.

Mr. Yu's background is in Business Development and he currently holds an advisory consulting position with Peak Resource Capital in areas related to foreign entities structuring in China.

President and CEO of Li-ion Motors Corp., Stacey Fling, officially welcomes Mr. Yu as the first member of our management team in Asia. "Looking forward to his contributions, knowing for us to be successful in Asia, it will require strategic guidance, relationships and dedication to allow for our growth."

Mr. Yu will receive a result-oriented compensation package with stock options, with the understanding that growth and results are our objectives.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

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