NEW YORK and HARBIN, China, Oct. 1, 2008 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT) today announced that its Chief Financial Officer, Mr. Taylor Zhang, will be presenting at The Maxim Group Growth Conference in New York City on Tuesday, October 7, 2008. The conference will be held at the Grand Hyatt New York Hotel. The Maxim Group Growth Conference will feature interactive presentations from over 80 companies, as well as one-on-one meetings with executives from the Healthcare, Technology, Shipping/Transportation and Emerging Growth Sectors. Attendees will include securities analysts, fund managers and institutional investors.
At the conference, Mr. Zhang will discuss Advanced Battery Technologies' business strategy, and will review the Company's recent accomplishments and financial results. The presentation will be webcast live over the Internet. Those interested in listening to the live audio webcast should log on to http://www.wsw.com/webcast/maxim/abat/.
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. The Company has a New York office, with its executive offices and manufacturing facilities in China. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: http://www.abat.com.cn.
About Maxim Group
Maxim Group is full-service investment banking, securities and investment management firm headquartered in New York. The Firm provides an array of financial services including: investment banking, equity research, private wealth management, structured products, and global institutional equity, fixed-income and derivative sales & trading to a diverse range of corporate clients, institutional investors and high net worth individuals. For additional information, please visit http://www.maximgrp.com.
Safe Harbor Statement:
This press release contains forward-looking statements, including statements regarding a financing of the company and the potential conversion of warrants into common stock of the company for additional consideration. The financing, including the conversion of warrants, and the timing for any such conversion, is dependent on risks and uncertainties, including, among others, the satisfaction of certain closing conditions in respect of the financing; the valuation of the company's common stock; the development and commercialization of the company's products, including, without limitation, the potential expansion of assembly lines; and the factors described under the Risk Factors Section of our Annual Report on Form 10-KSB filed with the Securities and Exchange Commission for the period ended December 31, 2007. Advanced Battery Technologies cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. These statements speak only as of the date of this document, and Advanced Battery Technologies undertakes no obligation to update or revise the statements. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Advanced Battery Technologies' business is subject to substantial risks and uncertainties, including those identified above.