Whistler Investments Inc. Update Short Stock Position and Issuance21 January 2005
Whistler Investments, Inc. (NASD OTCBB: WHSR) - www.whistlerinvestments.com and its subsidiaries R-Electric Car Co., Global Electric Corp., Solium Power Corp. and WhistlerTel, Inc. - emerging leaders in the development and marketing of lithium-powered products and VoIP services worldwide, announced today that as of January 12, 2005, the short stock position is 1,448,031 shares (click here to view the DTC and ADP reports
This short position is an increase of over 94% from the position on December 6, 2004 when the short stock position was more than 741,133 (click here to view the December 6, 2004 DTC and ADP reports http://www.whistlerinvestments.com/docs/pdf/WI_Dec04_ADP.pdf).
Whistler continues to urge all shareholders to take delivery of their shares so as to deter brokerage firms from lending or borrowing stock rightfully owned by the shareholders.
On January 4, 2005, Whistler announced a 10% stock dividend (one share for every ten shares) for any stockholder of record as at February 28, 2005. Whistler has confirmed that the dividend will be distributed on March 1, 2005.
About Whistler Investments, Inc.
www.whistlerinvestments.com
Whistler Investments Inc. (NASD OTCBB: WHSR) is emerging as a leader in the development and marketing of lithium-powered products worldwide. We 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 immediate. As current legislation dictates a move towards this type of energy, we foresee this industry as one of the fastest growing segments within the global economy. Whistler and its subsidiaries are applying their superior technology to everyday products being used around the world. Everything from scooters, bicycles, mopeds, motorcycles, small vehicles, watercraft, military applications and many other essential products have been converted to lithium applications. The combination of our exciting technology and ability to mass-market these products creates a unique market niche for our Company. By utilizing this technology, Whistler is able to begin the sales cycle immediately.
For additional information, please contact:
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Telephone - (888) 669-1808
Facsimile - (604) 688-1817
E-mail: info@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.
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Source: Whistler Investments, Inc.
Source: PR Newswire via Yahoo
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