Whistler Investments, Inc (WHIS) acquires worldwide development, manufacturing and marketing rights for Lithium Portable Power P
23 March 2004 - 2:00AM
PR Newswire (US)
Whistler Investments, Inc (WHIS) acquires worldwide development,
manufacturing and marketing rights for Lithium Portable Power Packs
LAS VEGAS, March 22 /PRNewswire/ -- Whistler Investments, Inc.,
(OTCBB:WHIS) http://www.globalelectric.com/ - an emerging leader in
the development and marketing of Lithium Ion vehicles and Lithium
Ion powered products worldwide, is proud to announce that they have
entered into an agreement with RV Systems, Inc., affiliated with
Lithium House, a developer of advancedlithium battery technology.
Under the agreement, Whistler acquired the worldwide development,
manufacturing and marketing rights for Lithium Portable Power
Packs. A typical lithium power pack will add an additional 8 to 12
hours of use time to lap topcomputers and can be used for a variety
of electronic consumer products such as digital cameras, mobile
phones, Bluetooth headsets, portable DVD players and high-end toys,
as well as any other portable devices currently in widespread use.
With these power packs, it also provides the consumer the
capability to charge cell phones through USB ports while using
their computers in any wireless setting. As demand for portability
increases, Global Electric's development of the Lithium Portable
Power Pack will fill the need of today's consumer to have access to
maximum duration of use from all their portable electronic
products. According to a soon-to-be-released updated report from
Business Communications Company, Inc.(http://www.bccresearch.com/)
RGB-184N, Portable Battery Powered Products: U.S. Markets and
Opportunities, over $50 billion worth of portable products were
sold in the U.S. in 2002, nearly twice as much as was sold in 1995.
This market is estimated to reach nearly $58 billion by 2007,
growing at an average annual growth rate (AAGR) of 2.8%. Units
shipped will grow from over 978 million units in 2002 to over 1
billion units in 2007. The products include high-volume, low-price
items like flashlights, wristwatches, and calculators, as wellas
relatively low-volume items like implantable medical products,
cordless lawnmowers, and cordless analytical equipment. The lithium
storage battery market exceeded the 4.5 billion Euro mark in 2000,
(CEA), and the US demand for primary and secondary batteries is
forecast to climb 5.5% annually through 2007 to $14 billion.
Secondary battery demand is expected to outpace primary battery
market gains through 2007, benefiting from strong growth in the use
of high-drain portable electronic devices. (Fredonia Group) Holly
Roseberry, President of Whistler states "As the need for
portability increases, along with the increased access to wireless
technology venues such as Starbucks, McDonalds, hotel chains,
airports, etc, the demand for affordably pricedportable power is
growing rapidly. Whistler plans to immediately and aggressively
market these products via direct marketing infomercials,
distribution networks worldwide, and on our website. This will
rapidly generate significant revenues to the company. About
Whistler Investments, Inc. (Global Electric) Whistler Investments
Inc. (OTCBB: WHIS) - an emerging leader in the development and
marketing of Lithium Ion vehicles and Lithium Ion powered products
worldwide. We at Global Electric 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. For more
information, please visit our website at
http://www.globalelectric.com/ SOURCE: Whistler Investments, Inc.
Holly Roseberry President Investor Relations for Whistler
Investments, Inc. (888) 669-1808 (604) 646-5624 Fax: (702) 940-6516
http://www.globalelectric.com/ Forward Looking Statement Thispress
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 for Whistler Investments, Inc., (888) 669-1808,
(604) 646-5624, Fax: (702) 940-6516, ,
http://www.globalelectric.com/
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