LAS VEGAS, Oct. 3, 2003 (PRIMEZONE) -- Whistler Investments, Inc --(name change pending) (OTCBB:WHSL) announced today that negotiations are scheduled in Delhi, India between Hero Cycles (www.herocycles.com), the largest manufacture of cycles in the world, and NuAge. Also in attendance will be executives from a major North American bicycle manufacturer.
The purpose of the negotiations surrounds the new electric mini motorcycle which was delivered to Hero Cycles by NuAge. The mini motorcycle is powered by Nupow'r technology. The agenda also includes discussions for the proposed "Electric Scootie Motorcycle."
NuAge is currently in the design and engineering stages for a number of children's electric vehicles powered by the NuPow'r electric propulsion system. The vehicles are geared towards the lucrative 8-14 year old children's market. The proposed units will be delivered to Hero Cycles for manufacturing and global distribution.
Holly Roseberry, President of Whistler commented, "The opportunities within the children's toy market are tremendous. Our licensed technology combined with the global distribution and marketing reach of Hero Cycles, creates a template for many potentially profitable and exciting ventures."
Whistler has entered into an agreement to acquire from NuAge Electric 100% licensing rights, subject to a 20% royalty, to develop, manufacture and market two and three wheeled vehicles, and first right of refusal for all technology developed by NuPow'r.
About Hero
Hero Cycles (www.herocycles.com), a name synonymous with two wheelers In India and the largest manufacture of bicycles (as listed in the Guinness Book of World Records), is today a multi-unit, multi product, geographically diversified group of companies with major corporate alliances in Europe, North America and Asia, including Honda in Japan.
About Whistler
Whistler has entered into an agreement to acquire, from NuAge Electric, 100% licensing rights, subject to a 20% royalty, to develop, manufacture and market two and three wheeled vehicles, and first right of refusal for all technology developed by NuPow'r, "Changing the way the world moves". This patented technology has allowed the team to test a new age electrical sports car at speeds of 125 mph for over 250 miles.
With the patented recharging system the car is ready for use in the time it takes to eat lunch, 10 times shorter than anything on the market today. Essentially, this Power System cuts the weight of battery packs by up to 75%, doubles or triples the range and speed of those electrical vehicles, and cuts the recharge time by 75%.
Our new product line already presents an extremely attractive alternative for a multitude of applications, not only in North America but also in Europe and South East Asia. Golf carts with a 100 mile range and on road speeds of up to 50 mph, Go-Carts, up to 85 mph, E-bikes, scooters and many others too numerous to list.
For a complete listing of the applications and design of this technology, please visit our web site at www.nuageelectric.net
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.