SOURCE: Li-ion Motors Corp.

November 25, 2011 07:00 ET

Li-ion Motors Corp (OTCBB: LMCO) (FRANKFURT: LL9L) Announces the Granting of an Option for Purchasing 10% of Li-ion Motors Shares to a USA Based Israeli Company

LAS VEGAS, NV--(Marketwire - Nov 25, 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 that Li-ion Motors Corp and a USA based Israeli company have reached an option agreement to sell 10% of the issued and outstanding shares of Li-ion Motors Corp for $2,150,000.

The company is also able to announce that it is at final stages of a multi-million dollar order to send vehicles to Israel. A formal Press Release will be made as soon as the agreement is finalized.

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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