Whistler Investments, Inc. (WHIS) announces discovery of short position in excess of 700,000 shares, 12% of DTC position - Corre

Whistler Investments, Inc. (WHIS) announces discovery of short
position in excess of 700,000 shares, 12% of DTC position - Correction 


LAS VEGAS, NV, June 15  /PRNewswire-FirstCall/ -- Whistler Investments Inc.
(http://www.whistlerinvestments.com/) subsidiaries, R-Electric Car Company
(http://www.r-electriccar.com/) Global Electric Corporation,
(http://www.globalelectric.com/) and Solium Power Corp
(http://www.soliumpower.com/) emerging leaders in the development and marketing
of lithium ion vehicles and lithium ion powered products worldwide, announced
today that as we have previously communicated with our stockholders concerning
the unauthorized listing of Whistler's common stock on the Berlin Stock
Exchange, we took steps to delist our stock from that exchange, and advised our
stockholders that, because of the Berlin Stock Exchange's policy permitting
"naked" short sales, to make sure that they received delivery of any stock they
purchased. The Company has extended its arrangements with its Transfer Agent to
pay for all deliveries to June 30, 2004.

Following the delisting of our stock from the Berlin exchange, we had concerns
about the potential aftermath of this unauthorized listing. We conducted our
own investigation and as of June 2, 2004, have found the following:

According to our transfer agent records, we have 5,504,680 shares held by DTC,
but the ADP broker search indicates 6,217,458 shares being reported by
broker/dealers as being held on behalf of their customers, indicating a short
position of more than 700,000 shares. A summary report can be viewed at
http://whistlerinvestments.com/shorts.html

We have therefore commenced work with DTC for a formal review of the reported
excessive broker/dealer holdings of our stock so that we can conduct our
corporate affairs properly in view of our planned stockholders meeting and
other upcoming corporate matters. We again advise our stockholders to make sure
that they receive delivery of any shares that they purchase, and also that
their stock is not being borrowed without authorization.

Holly Roseberry, President of Whistler Investments states "We intend to get to
the bottom of the excessive short position and bring stability back into the
trading of our stock. We're happy to say that we have 5,133 stockholders and we
expect all our stockholders to benefit from the shorters having to cover their
short positions.

About Whistler

Whistler Investments, Inc. (WHIS) is emerging as a leader in the development
and marketing of Lithium Ion vehicles and Lithium Ion powered products
worldwide. Whistler believes 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 about Whistler Investments, please visit our website at
http://www.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.

Whistler Investments, Inc. 

DATASOURCE: Whistler Investments, Inc.



CONTACT: For more information about Whistler Investments, please visit

our website at http://www.whistlerinvestments.com/.

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