LAS VEGAS, April 22, 2004 (PRIMEZONE) -- Whistler Investments Inc. (OTCBB:WHIS) (http://www.whistlerinvestments.com) subsidiaries, R-Electric Car Company (http://www.r-electriccar.com) Global Electric Corporation, (http://www.globalelectric.com) and Solium Power Corp. (http://www.soliumpower.com) emerging leaders in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide, announced today that, further to the news release dated February 24, 2004, Whistler Investments has now received the $3 million dollars from the non-recourse loan to be collateralized by stock.
Holly Roseberry, President of Whistler stated that, "Coupled with having highly desirable technology, this $3 million dollar financing places Whistler Investments in a solid position to dramatically accelerate its development, manufacturing and marketing of all its products."
On April 16, 2004 the "R-Car" was featured in the Vancouver Province Newspaper written by Laura Balance: "The new technology is centered on exceptionally powerful, lightweight batteries with a very fast charging ability combined with a much longer energy storage capacity. These lightweight devices and low-friction electric power drive system allow the electric vehicle to accelerate at an amazing pace.
"The specs on the R-Car are impressive: The five-speed gearbox allows top speeds in excess of 150 km/h and a range of over 160 kilometers. Along with the prototype, R-Electric also brought a retrofitted ATV as well as a Harley-Davidson motorcycle, both converted to electric."
For more on this article please visit: http://www.canada.com/vancouver/theprovince/news/archives/story.html?id=554d4246-3b68-4053-b1d5-d5cee37dbb8c
About Whistler
Whistler Investments, Inc. (WHIS) is emerging as a leader in the development and marketing of Lithium Ion vehicles and Lithium Ion powered products worldwide. Whistler believes 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 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.
For more information about Whistler Investments, please visit our website at http://www.whistlerinvestments.com.
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.