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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?

To: Amir Feinsilber who wrote (5695)	1/15/1999 8:01:00 AM
From: DonP	Respond to of 6464

"I know it sounds like the proverbial black /// hole...." Jan 15, 1997 One year later, BAAT is down 50%. No $50 million licenses. No contracts, no hope. In the words of the FORD spokesperson... "NO BIG DEAL!!!!" baat.com

To: Amir Feinsilber who wrote (5695)	1/15/1999 9:37:00 AM
From: FJ	Read Replies (1) \| Respond to of 6464

NEWS: BAT Forms Joint Venture with Chinese Co. to Manufacture Electric Bikes & Scooters First Two Containers of Electric Bicycles Have Now Arrived in U.S. CHULA VISTA, Calif., Jan. 15 /PRNewswire/ -- BAT International's (OTC Bulletin Board: BAAT) has formed a joint venture company with Suzhou Machinery Holding in Mainland China to manufacture electric bicycles, mopeds and scooters. Suzhou Machinery Holding is a large holding company that has set up a subsidiary company, SMA, that is already manufacturing an electric bicycle in Suzhou, China. The new Chinese joint venture company, SABAT, has been formed to take electric bicycle and scooter technology provided by BAT and its subsidiary Electrobike, and produce a whole line of advanced technology electric bicycles and scooters for world markets. Production costs are very low and will allow sale of electric 2 & 3 wheeled transportation at very competitive prices. A total of $4 million in capital has been allocated to the Joint Venture to meet Chinese government capitalization requirements, including $2 million dollars in cash. BAT is a 25% owner of the joint venture and is putting in both technology and $200,000 in cash. The Chinese plant now manufacturing electric bicycles will expand production to include several new product lines now under development and testing including scooters, young adult cycles and additional electric bicycles. BAT has exclusive world wide marketing rights for all production of the joint venture outside of the People's Republic of China. BAT will retain 25% of the profits from production of electric bikes and scooters and will retain 100% of the profits from marketing and distribution outside of China. Electrobike is already initiating distribution of the first electric bicycle, the "Jazz" in U.S. markets. A U.S. distribution center has been set up at Electrobike headquarters at the "Brewery Complex" in LA. Two container loads of electric bicycles are being off-loaded and inspected at the warehouse. Several bicycle retailers have already agreed to feature the Electrobike "Jazz" in their stores and a very positive initial response to the product has occurred in test market locations such as Palm Springs, CA. The Jazz electric bicycle has superior performance. This includes very long range (20-25 miles), a top speed of 17 miles per hour and very quick acceleration. At the same time, pricing is below almost all other electric bicycles in the market, with a target retail price of $749. The "Jazz" has some unique features that make it very practical and fun to ride including easy step-through frame, throttle take-off, quiet hub motor, and battery box placed low in the frame for better balance. This contrasts with other competing electric bicycles that use noisy friction drive or cumbersome pedal assist motors and have limited range (some competing electric bicycles have as little as a 5-8 mile real riding range on one charge). The Jazz has an easy to disconnect battery box with a carrying handle that can be recharged in any wall outlet. A point of purchase display that includes signs, collateral materials and accessories is provided to dealers that includes batteries, electric bicycles, t-shirts, hats, etc. A videotape will also be distributed with an overview of the entire Electrobike product line, including the Miripolski Motorcanvas (see press release 10/28/98) and other electric bicycles & scooters to be released in 1999. A gala grand opening celebration is planned at Electrobike's Brewery Complex in February. Various prototype models now under development including the next generation electric bicycle, electric scooter and "Miripolsky Motorcanvas" will be on display. Plans for U.S. production of the Motorcanvas and other special marketing announcements are planned as a part of this event. The Motorcanvas will also be part of a gala art opening of the artist Miripolski in San Francisco on February 5th. Further announcements providing details about these products & events will be coming out soon. Electrobike is currently seeking distributors and retailers for the Jazz Electrobike. One distributor in Hawaii has already been signed up and numerous other companies are in discussions with Electrobike about possible distribution in other U.S. locations. Market support for product line introduction will include an Electrobike show tour, media and ad materials, competitive presence in national and international events & other activities. If you're interested in being a dealer or distributor or want more information, please contact Marcus Hays (818) 763-0385, cell (619) 954-5025 or fax (818) 763-5964 or visit the Electrobike web site at www.ride1.com. BAT International is organized as a holding company with major ownership position in a set of subsidiary companies now commercializing advanced automotive and energy technology products developed by BAT over the last six years, including SuperBAT's anti-friction metal treatment. Other products include electric vehicles, super-efficient or high power engines, advanced batteries and power electronics, lubricant additives, and electric power generation, (for information, see BAT web site at www.baat.com). This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to our web site and other sources for more detailed Company information (Investor Relations, (619) 409-8977). SOURCE BAT International CO: BAT International; Suzhou Machinery Holding; SABAT; Electrobike ST: California, China IN: AUT SPT SU: JVN 01/15/99 09:30 EST prnewswire.com