SAN CLEMENTE, Calif. and LAS VEGAS, Jan. 16, 2004 (PRIMEZONE) -- Whistler Investments, Inc. (OTCBB:WHSL) (Name change pending to Global Electric) announced today development is underway by Global Electric using the new generation Powerski Jetboard. Mr. Chaz Haba, inventor of the technology, visited PSI recently with his team to coordinate the electric power source project with the PSI engineering and design group. Chaz states "The Powerski Jetboard is an ideal platform for lithium-ion battery power. This Global Electric application will provide a quiet, pollution-free power source with a 2-hour run time per charge. We are excited to have this opportunity with Powerski. Bob Montgomery of Powerski International adds "The light weight and compact size of this electric power source opens design doors for the patented Powerski Jetboard. A smaller, lightweight Jetboard with low environmental impact gives us a product that offers what many consumers are asking for and could possibly increase our sales by 40%."
Holly Roseberry, President of Whistler stated, "We are proud of this partnership as Powerski has been the recipient of many awards from such prestigious publications as Time Magazine and Popular Mechanics. We see the revenue streams from this project, as well as the advancement in our technology, as a major homerun for the Global Electric team." Holly also stated, "We see the massive potential for our technology within the recreational, military and commercial watercraft. As we begin this project, we are keeping our eyes clearly focused on our goal of zero emission crafts."
About Whistler (www.globalelectric.com) (OTCBB:WHSL) (name change pending to Global Electric):
Whistler 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
About Powerski International www.powerski.com
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.
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.