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Advanced Battery (ABAT) Regains Compliance with NASDAQ Listing Rules

July 2, 2009 4:06 PM EDT
ABAT Hot Sheet
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Advanced Battery Technologies, Inc. (Nasdaq: ABAT) announced that on June 30, 2009 the NASDAQ Stock Market sent written notice to Advanced Battery Technologies that its private placement of Series F 0% Convertible Preferred Stock on June 17, 2009 did not comply with NASDAQ Listing Rule 5640. The notice further stated, however, that Advanced Battery Technologies has regained compliance with Rule 5640 and that the matter is closed.

Advanced Battery Technologies, Inc. is a holding company with one subsidiary, Cashtech Investment Limited (Cashtech). [SM]

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