SAN CLEMENTE, California and LAS VEGAS, Dec. 30, 2003 (PRIMEZONE) -- Whistler Investments, Inc., (OTCBB:WHSL) (Name change pending to Global Electric) announced today that it has secured a joint venture with Powerski International to create another model of Powerski's flagship product, the Powerski Jetboard(TM) powered with a Lithium-ion electric motor.
Holly Roseberry, President of Global Electric stated "This partnership is a massive step forward for Global Electric as we can integrate our lithium ion system into one of the most innovative products on the market today." Holly also stated, "Our core mission statement is to provide zero emission products worldwide, therefore, by partnering with Powerski International (www.powerski.com), we gain both worldwide exposure as well as provide consumers with an existing manifestation of lithium ion and innovative technology."
Powerski international is the developer and manufacturer of the patented Powerski Jetboard(TM) and patented SupertorqueXT(TM) marine engine.
Powerski was featured in TIME magazines' Thanksgiving issue, winning the Best Inventions of the Year award. Powerski International has also been honored with multiple design and engineering awards from such prestigious publications as Popular Mechanics, Popular Science, InfoWorld and Design News. Powerski has also been featured on Discovery Channel, ESPN, Fox Sports, Travel Channel, E! Entertainment TV, History Channel and hundreds of TV and magazines around the globe.
Bob Montgomery, CEO of Powerski stated, "It has always been our plan to build a futuristic Powerski Jetboard that was smaller, lighter, quieter and cleaner than any other watercraft on the market. Offering electric power is a perfect transition for Powerski International Corp. If we can meet our design goals by utilizing the lithium-ion technology of Global Electric, we can expand our sales to include areas with strict emission standards, such as California. We could possibly increase our sales by 40% with the inclusion of clean electric power."
"Powerski did not pollute the world, but we are meeting the challenge by providing a clean alternative for watercraft enthusiasts. Many of our consumers have inquired about electric powered Jetboards and this goes hand in hand with our goal of delivering the ultimate watercraft based on the ancient sport of surfing. We are excited to include a lithium-ion powered model alongside our existing two-stroke, and our future fuel injected two-stroke and four-stroke models."
Initial lithium-ion powered prototypes will be developed in Q1 of 2004 and subsequent models have been slated for Q3-Q4 of 2004.
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 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 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.
Whistler Investments, Inc.
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.