Message #7 From:
NewsBot Date: March 1, 2008 02:37:21 PM
The New Trading Symbol on the NASDAQ Will Be ABAT
Advanced Battery Technologies, Inc.
(AMEX: GBT) will commence trading on the NASDAQ Capital Market on February
26, 2008. The new trading symbol will be "ABAT." The shares of Advanced
Battery Technologies will no longer trade on the AMEX under the symbol GBT.
Advanced Battery Technologies, Inc. develops, manufactures, and distributes
rechargeable polymer lithium-ion (PLI) battery cells for use in electric
vehicles, mining equipment, and a variety of other consumer electronics.
"The Company is pleased to announce that its shares will start trading,
February 26, 2008, on the NASDAQ Exchange. We are elated to have our
originally established symbol ABAT back," Mr. Zhiguo Fu, Advanced Battery's
Chairman and CEO, stated.
"We are pleased to join this ever growing list of technology companies
trading on the NASDAQ. We believe that our new NASDAQ listing will provide
enhanced liquidity and added visibility. We are looking forward to
attracting research analyst coverage as a result of our listing," added Mr.
Fu, Advanced Battery's Chairman and CEO.
"NASDAQ has been a successful platform for many innovative, growing
technology companies. We believe that our association with NASDAQ will
afford us an opportunity to reinforce our position as a technology and
market leader," concluded Mr. Zhiguo Fu.
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. ABAT develops PLI batteries for use in electric
vehicles, mine lamps, and consumer electronics, including cellular
telephones, laptop computers, and digital cameras. ABAT 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.
About Nasdaq:
NASDAQ is the largest electronic screen-based equity securities market in
the United States, both in terms of number of listed companies and traded
share volume. With approximately 3,100 listed companies, it is home to
category-defining companies that are leaders across all areas of business
including technology, retail, communications, financial services,
transportation, media and biotechnology industries
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.
