SOURCE: Li-ion Motors Corp.

April 15, 2011 08:30 ET

Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) to Exhibit Zero Emission, All Electric Automotive Technology at Earth Day 2011 New York City April 22-23, 2011

MOORESVILLE, NC--(Marketwire - Apr 15, 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, will showcase the Inizio, the world's fastest 100% electric supercar at Earth Day 2011 in New York City. The Inizio is a 100% electric supercar, capable of 170 MPH with acceleration from 0-60 MPH in 3.4 Seconds with ZERO EMISSION. The Inizio has a 114-inch wheel-base and a 78-inch wide footprint with a 600 kw motor, equivalent to about 800 hp. In addition to the Inizio, the WAVE II, a two seat all electric, zero emission commuter car with an impressive 202.5 MPGe, as determined by the Argonne National Lab (US Department of Energy) will also be showcased.

Earth Day in Times Square, one of the largest Earth Day events in the city, features an exhibit area dedicated to green businesses, sponsors, and speakers promoting environmental awareness. This event also includes a CO2 friendly car show at which both the Inizio and WAVE II will be showcased Friday, April 22nd, 11:00 a.m. to 5:00 p.m., along with EarthFair Outdoors Grand Central Terminal, at Vanderbilt Avenue between 42nd and 45th Streets, a two-day fair with art, music, educational exhibits, and activities for adults and kids. (Friday, April 22nd, 12:00 p.m. to 7:00 p.m. and Saturday, April 23rd, 11:00 a.m. to 4:00 p.m.)

Members of the media are encouraged to contact Li-ion Motors Corp to arrange a test drive and/or a demonstration.

About Li-ion Motors Corp.: (OTCBB: LMCO)(FRANKFURT: LL9L), headquartered in Mooresville, NC with corporate offices in Las Vegas, NV, is a leading developer and manufacturer of electric powered automobiles including the WAVE II and the Inizio.

Previously known as Hybrid Technologies, the company has more than eight years experience and expertise in the conversion of internal combustion cars to all electric for both individual and corporate customers as well as government agencies such as NASA.

The company won the Progressive Automotive X Prize in 2010 for its WAVE II, which came with a $2.5 million (USD) award. During the X Prize competition, the WAVE II whose electric motor is powered by lithium-ion batteries governed by a proprietary battery management system (BMS) was certified by the Argonne National Laboratory at 202.5 MPGe (miles per gallon equivalent).

The Inizio is the world's first 100% electric supercar, capable of 170 mph and acceleration from 0-60 mph in up to 3.4 seconds. Both vehicles are moving into production for consumer sales in 2011.

Along with the production of original vehicles, the company licenses its proprietary BMS and technology to automobile manufacturers seeking to advance their electric vehicle offerings.

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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