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Advanced Battery Technologies to List on the NASDAQ Capital Market

"We are extremely gratified to have reached this major milestone," Mr. Zhiguo Fu, Advanced Battery's Chairman and CEO, stated. "We believe the NASDAQ Capital Market is the ideal exchange for listing of our shares and that listing on the NASDAQ will significantly broaden our exposure. The Small Order Execution System (SOES) feature that NASDAQ possesses ensures that in 'turbulent' market conditions small market orders are not forgotten but are automatically processed," Mr. Fu concluded.

The NASDAQ Capital Market is the largest U.S. equities exchange, with approximately 3,200 listed companies. Nasdaq-listed companies are leaders across all areas of business including technology, retail, communications, financial services, transportation, media, and biotechnology.

"On the NASDAQ market makers, personal investors and small traders are all put on an even playing field. Being able, through NASDAQ's Electronic Communication Network (ECNs) structure, to put everyone on an even playing field is very important for the future of this company," stated Mr. Zhiguo Fu.

About Advanced Battery Technologies, Inc.

Founded in September 2002, Advanced Battery Technologies develops, manufactures, and distributes PLI batteries using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. GBT develops PLI batteries for use in electric vehicles, mine lamps, and consumer electronics, including cellular telephones, laptop computers, and digital cameras. GBT maintains research and development, and manufacturing facilities in Harbin, China, and administrative offices in New York, New York. Additional information about Advanced Battery Technologies is available at www.abat.com.cn.

Forward-Looking Statements:

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements, are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.