SOURCE: Li-ion Motors Corp.

July 18, 2011 07:00 ET

Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) Signs 2 Million Loan Docs

LAS VEGAS, NV--(Marketwire - Jul 18, 2011) - Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) www.Li-ionMotors.com, 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, CEO Stacey Fling announces that loan documents for the Company to receive a $2 million loan with a private source have been finalized and signed. This funding will allow us to complete Department of Transportation (DOT) standards for the Inizio and the Wave II.

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 almost ten 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.

FORWARD-LOOKING STATEMENT:
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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