SOURCE: Zentric, Inc.

December 01, 2010 09:00 ET

Zentric, Inc. Provides Shareholder Update

SCOTTSDALE, AZ--(Marketwire - December 1, 2010) - Zentric, Inc. (OTCBB: ZNTR), an advanced battery technology company, today issued the following update to its shareholders.

As previously announced, Zentric has entered into a joint venture agreement to build and operate a battery manufacturing facility on approximately 7.4 acres of land provided by the joint venture partners. The Company is currently in the process of planning and designing the facility, which is to be constructed in mid-2011.

Zentric is also in the process of building a strong management team, recently announcing the addition of Lee Harrison as Executive Advisor. The Company is pursuing other prominent figures in the industry as well which are currently in talks to join.

The Research and Development team continues to perfect the energy storage designs with the addition of a new storage battery configuration. The new battery configuration consists of 3 electrolytes separated by membranes that have added storage capability. The result is a more cost effective battery with greater storage capacities, which is highly demanded by the storage battery market.

About Zentric, Inc.

Zentric, Inc. is an advanced battery technology company based on a new and revolutionary battery technology to incorporate high voltage dual electrolytes to produce higher voltages and power. The technology was in development in the laboratories of the University of Hong Kong for over 10 years.

Please visit our website at: http://www.zbatt.com/

This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

Contact Information