SOURCE: Advanced Battery Technologies, Inc.

August 02, 2006 08:30 ET

Murdock Capital Partners Corp. Signs Financial Advisory Agreement With Advanced Battery Technology, Inc.

NEW YORK, NY -- (MARKET WIRE) -- August 2, 2006 -- Advanced Battery Technology, Inc. (OTCBB: ABAT) has entered into an exclusive Financial Advisory contract with New York-based Murdock Capital Partners Corp., a 15-year-old merchant banking and investor relations firm. Advanced Battery is a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries for use in electric vehicles, motorcycles, mine use lamps, cell phones, notebook computers and other personal electronic devices. The Company's R & D and manufacturing facilities are located in China, and it maintains an office in New York City.

The contract calls for Murdock Capital Partners Corp. to provide advice and consultation with the Company concerning financial planning, corporate organization, and financial matters in connection with the raising of capital for the Company, mergers and acquisitions and other similar business situations.

"While our stock has been publicly traded in the United States for over four years, we have not previously embarked upon a formal investor relations or capital markets advisory effort," Zhiguo Fu, Chairman of Advanced Battery Technology, stated. "We are pleased to form this relationship with Murdock Capital and anticipate a warm reception by the investment community as we are introduced to investors by Murdock Capital," Fu added.

"Advanced Battery is a solid, rapidly growing entity that has an exciting future. Murdock Capital is looking forward to working with management to disseminate its story to investors and to assist the Company in its fund raising efforts," Luis J. Mejia, Managing Director of Murdock Capital Partners Corp., stated. "We anticipate a long and successful relationship with the Company and are looking forward to working with management in all endeavors associate with the capital markets," Mejia concluded.

For more information about Advanced Battery Technologies, Inc., please visit www.zqpt.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, risks that technical issues will delay or prevent the development of the planned all-electric bus, risks that the market for the all-electric bus using the materials designed and built by the parties may be limited, and the risks that other all-electric buses receive better market acceptance than those described in this release. We undertake no obligation to revise or update publicly any forward-looking statements.

Contact Information

  • For Additional Information:

    Advanced Battery Contact:
    Ms. Mellisa Chen
    21 W 39th Street Suite 2A
    New York, NY 10018
    Phone: (212) 391-2752

    Murdock Capital Partners
    Mr. Luis Mejia
    520 Madision Avenue, 40th FL
    New York, NY 10022
    Phone: (212) 421-2545