Van Nuys, Calif. and LAS VEGAS, Feb. 2, 2004 (PRIMEZONE) --Whistler Investments, Inc. www.globalelectric.com (OTCBB:WHSL); (name change pending to Global Electric) announced today that it has entered into an agreement with RV Systems, Inc., a developer of advanced solar and lithium battery technology. Under the agreement, Whistler acquired the exclusive worldwide rights to the advanced Lithium/Solar power system technology developed by Mr. Chaz Haba, for application to residential and commercial properties.
The Lithium Solar House ("LSH") project will be under the direction of Chaz Haba of RV Systems.
Mr. Haba, President of RV Systems, stated: "The purpose of the Lithium Solar House project is to provide a test bed for an alternative source of power to the home, not connected to the Power Grid. The power source will be Solar Panels for charging of the Lithium Ion Batteries, which are used for storage of the power. The system will supply DC power for the home and all appliances (using from 12 volts to 48 volts), lighting, heat, air, etc., and will involve a site in Van Nuys, California.
"Our project will have two main aspects: the designing of the house using the most efficient current building materials and the most efficient use of Solar Panels as a charging source for the Lithium Batteries, and designing and testing the various combinations of Solar Panels and batteries in connection with the various appliances, lighting and other power needs of the house".
Holly Roseberry, President of Global Electric, stated: "We are excited to be taking this additional step toward our goal of providing a way of living our lives without dependence on the use of gasoline, nuclear power plants and other services that are harmful to the environment. This project will provide a venue to demonstrate our vision of a zero emissions lifestyle."
About Whistler (Global Electric) www.globalelectric.com
Whistler Investments Inc. (OTCBB:WHSL) -- (name change pending to Global Electric) -- is an emerging leader in the development and marketing of electric vehicles and electric-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 toward addressing pollution, the need for sustainable zero-emission energy is current. As current legislation is dictating a move toward 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 widespread global use, such as scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, lawn and garden equipment for residential and commercial use, 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.
About RV Systems
RV Systems is a private company led by Chaz Haba. Mr. Haba has been a leader in advanced electric-propulsion systems and alternate energy for over 20 years. RV Systems serves as the hub for all research, development and product testing. Units such as NEVs (Neighborhood Electric Vehicles); mopeds; motorcycles; and four-wheeled, long-range transport units are developed under the guidance of Mr. Haba.
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.