Whistler Investments, Inc. (OTCBB:WHIS) signs agreement with Geely Corporation in China
March 16 2004 - 9:15AM
PR Newswire (US)
Whistler Investments, Inc. (OTCBB:WHIS) signs agreement with Geely
Corporation in China LAS VEGAS, NV, and SHANGHAI, CHINA, March 16
/PRNewswire-FirstCall/ -- Whistler Investments, Inc. (OTCBB:WHIS)
http://www.globalelectric.com/, an emerging leaderin 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, http://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 Geelyand 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) http://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.
SOURCE: Whistler Investments, Inc. Holly Roseberry President
Investor Relations Contact (888) 669-1808 (604) 646-5624 Fax: (702)
940-6516 http://www.globalelectric.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. DATASOURCE: Whistler
Investments, Inc. CONTACT: Investor Relations Contact, (888)
669-1808, (604) 646-5624, Fax: (702) 940-6516, ,
http://www.globalelectric.com/
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