LAS VEGAS and NEW YORK, Feb. 5, 2004 (PRIMEZONE) -- Whistler Investments, Inc. (OTCBB:WHSL) (name change pending to Global Electric Corp), an emerging leader in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide, announced today that development of a lithium-ion conversion project has been initiated. The project will serve as a trial with the United States Navy, and the development and implementation of this project will take place within the Global Electric facilities in Van Nuys, California.
Holly Roseberry, President of Global Electric stated, "Global Electric has anticipated that our lithium-ion system will have massive appeal to the military sector. The homeland security and military applications for our products are endless, and this initial project will serve as validation of our products durability and functionality within highly advanced military products."
Holly also stated, "With the imminent release of our highly anticipated `R' car and the recent joint venture with leading watercraft developer Powerski International www.powerski.com, we see this Naval project as another prime example of the demand for sustainable, reliable and advanced lithium ion systems."
About Whistler (Global Electric) www.globalelectric.com
Whistler Investments Inc. (OTCBB:WHSL) (name change pending to Global Electric) 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 toward addressing pollution, the need for sustainable zero-emission energy is current. As current legislation is dictating a move toward 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 widespread global use, such as scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military applications, lawn and garden equipment for residential and commercial use, 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.
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.