Whistler Investment (NASDAQ:WHIS)
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WHISTLER INVESTMENTS Plans to File Registration Statement For
Stock Offering to Existing Stockholders
LAS VEGAS, NV, July 2 /PRNewswire-FirstCall/ -- Whistler Investments, Inc.
(OTC BB:WHIS) announced today that it plans to file a registration statement
with the Securities and Exchange Commission (SEC) in connection with a stock
offering to its existing stockholders. The registration statement would be
filed following the filing of Whistler's final Information Statement with the
SEC in connection with the Special Meeting of Stockholders to be held to
consider proposals to increase the authorized common stock to 90,000,000 shares
and to authorize a class of 5,000,000 shares of preferred stock where the Board
of Directors would be able to determine the terms of each series of preferred.
The offering will consist of one non-transferable warrant to purchase an
additional share of Common Stock for each ten shares of Common Stock owned as
of the record date. There would be no cost to stockholders for the warrants.
Each warrant would be exercisable at 50% of the closing price for Whistler
Common Stock on the record date and would expire at the close of business on
December 31, 2004. Whistler will finalize the exercise price of the warrants
prior to mailing of the Prospectus to stockholders. The proposed offering is
estimated to be made to stockholders of record as of September 30, 2004,
following the planned special meeting of stockholders, unless that meeting is
delayed beyond September 30, 2004, in which case the record date would
immediately follow the date of the stockholders meeting.
About Whistler Investments, Inc.
Whistler Investments Inc. (WHIS) - is emerging as a leader in the development
and marketing of Lithium Ion Vehicles and Lithium Ion powered products
worldwide. We at Whistler 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 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.whistlerinvestments.com/ or email for up to date information and
other enquiries.
Investor Relation information can also be obtained by contacting Whistler
directly at (888) 669-1808 or (604) 681-2799.
Forward Looking Statements
The discussion above contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements by their
nature involve substantial risks and uncertainties as described by Whistler
Investment's periodic filings. Actual results may differ materially depending
on a variety of factors, including, but not limited to the following: changes
in worldwide general economic conditions, worldwide competition, and Whistler's
ability to raise capital to finance the purchase of license rights for and
commercialization of its licensed lithium ion battery technologies and other
factors. Additional information with respect to the risks and uncertainties
faced by Whistler may be found in its filing with the Securities and Exchange
Commission on Form 10-KSB for the year ended January 31, 2004 and other reports
filed with the Securities and Exchange Commission.
DATASOURCE: Whistler Investments, Inc.
CONTACT: For more information, please visit our website at
http://www.whistlerinvestments.com/ or email for up to
date information and other enquiries. Investor Relation information can also
be obtained by contacting Whistler directly at (888) 669-1808 or
(604) 681-2799.