BEJING and LAS VEGAS, Dec. 1, 2003 (PRIMEZONE) -- Whistler Investments, Inc. (Name change pending to Global Electric) (OTCBB:WHSL) announced today that a Global Electric technical consultant as well as a senior representative from Global Electric will travel on an official visit to Mainland China.
The purpose of the trip is to solidify a joint venture with a major Chinese automotive and motorcycle manufacturer.
Holly Roseberry, President of Global Electric stated, "Our company and it's global objectives are moving well ahead of schedule and therefore the need to seek sizable joint venture partners worldwide has taken on an even greater priority. We see the Asian market as an incredible venue in which to produce, promote and manufacture our leading edge zero emission products."
Don Rose, Director of Business Development stated, "A populous country like China, with over 1.3 billion people, has an absolute and immediate need for our electric vehicles. We anticipate a massive market for these products, as China is rapidly becoming an automated society. We are proud to have an opportunity to bring our zero emissions products to this highly polluted and populated area of the world." Rose further stated that, "Due to the poor air quality in this region, the Chinese government has mandated several key initiatives to reduce harmful automobile and motorcycle emissions, by delivering our electric lithium-ion powered vehicles to China we feel that we can provide a simple cost-effective solution to this serious issue."
About Whistler (Global Electric) www.globalelectric.com
Whistler Investments Inc., name change pending to Global Electric Corp; is an emerging leader in the development and marketing of electric vehicles and electric powered products worldwide.
We at Global believe our superior technology, coupled with an aggressive marketing plan will establish our company on the world stage. With the global focus moving rapidly towards addressing pollution, the need for sustainable zero emission energy is current. As current legislation is dictating a move towards this type of energy we foresee this industry as one of the fastest growing segments within the global economy.
Global is applying this technology to products that are currently in wide spread global use, such as scooters, bicycles, mopeds, motorcycles, small vehicles and many other essential products. The combination of usable cutting edge technology and mass-marketed products creates a unique market opportunity for our company. Technology that can be applied immediately allows Global to begin the sales cycle immediately.
Global technology will also focus on the creation of a 100% self-powered house. This unit will feature lithium-powered technology in addition to other leading edge energy creation technology. The house will be located in the Los Angeles area and will be a showcase of Global Electric and the power of lithium.
Facts about China
China is the most populous country in the world. Its population, including residents in Hong Kong, Macao and Taiwan, totals approximately 1.31 billion, which makes up more than one-fifth of the world's total. China, having an average population density of 135 people per square km, is one of the most densely populated countries, though inhabitants are unevenly distributed, with more in the east than in the west and more in rural areas than in urban areas.
The People's Republic of China is situated in the eastern part of the Asian Continent on the western coast of the Pacific. With a total land area of 9.6 million square km, China is the largest country in Asia and the third largest in the word, next to Russia and Canada.
China has long recognized air pollution as a critical problem. Ambient concentrations of total suspended particulates (TSP) and sulfur dioxide (SO2) are among the world's highest. In 1995, more than one half of the 88 cities monitored for SO2 were above the World Health Organization (WHO) guideline. All but two of the 87 cities monitored for TSP far exceeded WHO's guideline. Some cities such as Taiyuan and Lanzhou had SO2 levels almost 10 times the WHO guideline. (WORLD HEALTH ORGANISATION)
*Information on China taken from China.org and the World Health Organization.
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 materially from those anticipated or implied in the forward-looking statements.