Thetotal aggregate contract amount is $24 million.Commenting on ABAT's participation in the Shanghai exhibition, Mr. Zhiguo Fu,Chairman and CEO of ABAT, stated, "Taking part in this exhibition is a greatplatform for ABAT to highlight its battery and electric vehicle product linesand capabilities. It also demonstrates the market awareness and influence ofABAT's products. We are excited to announce the electric vehicle orders as itfurther demonstrates the international scope of our operations and validates thegrowing market for electric and hybrid electric vehicles worldwide."About Advanced Battery Technologies, IncAdvanced Battery Technologies, Inc., founded in September 2002, develops,manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries.The Company's products include rechargeable PLI batteries for electricautomobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies andother electronic devices.
ABAT's batteries combine high-energy chemistry withstate-of-the-art polymer technology to overcome many of the shortcomingsassociated with other types of rechargeable batteries. The Company has a NewYork office, with its executive offices and manufacturing facilities in China.For more information about Advanced Battery Technologies, Inc. (ABAT), pleasevisit: http:// Angell Autocycle Co., Ltd, founded in 2002, develops and manufacturesvarious types of electric vehicles, with a production and sales volume of300,000 vehicles.Angell owns three types of products listed in the E-Bike directory of more than20 varieties: electric bikes; agricultural transport vehicles for practicaltransportation; sport utility e-vehicles such as scooters, off-road vehicles,go-karts, snow scooters, sea scooters, as well as underwater Propeller. Angellproducts are exported to more than 30 countries and regions in Europe, theUnited States and Asia. Angell's autocycle export ranked first in China in 2004and 2005.Safe Harbor StatementCertain statements in this release and other written or oral statements made byor on behalf of the Company are "forward looking statements" within the meaningof the federal securities laws. Statements regarding future events anddevelopments and our future performance, as well as management's expectations,beliefs, plans, estimates or projections relating to the future areforward-looking statements within the meaning of these laws.
The forward lookingstatements are subject to a number of risks and uncertainties including marketacceptance of the Company's services and projects and the Company's continuedaccess to capital and other risks and uncertainties. The actual results theCompany achieves may differ materially from those contemplated by anyforward-looking statements due to such risks and uncertainties. These statementsare based on our current expectations and speak only as of the date of suchstatements.-0-CONTACT:ICR, Inc.Investor Relations:In the U.S.:Ashley AmmonBrian M. Prenoveau, CFA203-682-8200In Asia:Yuening Jiang+86 10 6599 7965. BRUSSELS, May 6 (Reuters) - Mobistar (MSTAR.BR), Belgium'ssecond biggest mobile phone operator, is confident it can reachits 2009 financial targets with a focus on cost management, itschief executive said on Wednesday. France "We are taking the necessary measures to reach our guidance...
we are working on improving our cost structure on acontinuous basis," Benoit Scheen told reporters on the sidelinesof the group's annual shareholder meeting. Mobistar said in April that new customer plans, includingfree text messages, increased interconnection costs, whileoperational network costs rose due to the accelerated roll-outof its 3G network. Analysts were disappointed that costs had risen unexpectedlyand that first-quarter profit dropped, dashing hopes that thegroup might raise its forecast. It has set 2009 targets of stable turnover, a telephoneEBITDA (earnings before interest, tax, depreciation andamortisation) margin close to 40 percent and a net result of240-260 million euros ($319.6-$346.2 million). "It is too early to say whether we might raise the guidance...