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WHIS Whistler Investment (MM)

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Share Name Share Symbol Market Type
Whistler Investment (MM) NASDAQ:WHIS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

WHISTLER INVESTMENTS Plans to File Registration Statement For Stock Offering to Existing Stockholders

02/07/2004 1:30pm

PR Newswire (US)


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.

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