LAS VEGAS and SHANGHAI, China, March 16, 2004 (PRIMEZONE) -- Whistler Investments, Inc. (OTCBB:WHIS) www.globalelectric.com, an emerging leader in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide, is pleased to announce that as a result of ongoing meetings and negotiations between December 2003 to March 2004, they have entered into a three part agreement with the Geely Corporation, Shanghai, China, www.geely.com.
1. Geely will manufacture motorbikes and ATV gliders (without engine and exhaust for ease of conversion) for export, at a pre-agreed price, that will allow us to offer a superior product at a very competitive price.
2. Whistler will incorporate wholly owned subsidiaries in Hong Kong and mainland China to enter into a Joint Venture with Geely to conduct business in China.
3.Both Geely and Whistler will enter into a detailed and comprehensive Joint Venture Agreement for the Chinese market.
Upon completion of our meetings in China, Chaz Haba and our team went on to India, and are currently holding meetings with bicycle manufacturers with a view to securing similar agreements for the production of electric bicycles.
This would give us a complete line of two-wheeled products with which we could immediately go to market.
Holly Roseberry, President of Whistler stated, "On behalf of the Shareholders of Whistler, I would like to thank Mr. Chaz Haba and Jenni Myers, who is in charge of business development in China, for their ongoing perseverance in achieving this agreement. This will give us an advantage in the marketplace of being able offer a superior product at a very competitive price, and maintain an excellent margin of profit. This, along with having access to an established distributor network in China, through Geely, should accelerate our opportunities to generate revenues."
About Whistler (Global Electric) www.globalelectric.com
Whistler Investments, Inc. (OTCBB:WHSL) -- is an emerging leader in the development and marketing of lithium ion vehicles and lithium ion 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, watercrafts, military applications 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.
Holly Roseberry President
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.
-0- Investor Relations Contact (888) 669-1808 (604) 646-5624 Fax: (702) 940-6516 info@globalelectric.com www.globalelectric.com