Whistler Investments Changes Timing For Plans to File Registration Statement For Stock Offering to Existing Stockholders

Share Name	Share Symbol	Market	Type
Whistler Investment (MM)	NASDAQ:WHIS	NASDAQ	Common Stock

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Whistler Investment (MM)

NASDAQ:WHIS

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Common Stock

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Whistler Investments Changes Timing For Plans to File Registration Statement For Stock Offering to Existing Stockholders

30/09/2004 10:18pm

PR Newswire (US)

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Whistler Investments Changes Timing For Plans to File Registration Statement For Stock Offering to Existing Stockholders LAS VEGAS, NV, Sept. 30 /PRNewswire-FirstCall/ -- Whistler Investments, Inc. (OTC BB:WHIS) announced today a change in timing for its planned filing of 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, Whistler's Special Meeting of Stockholders to be held on October 26, 2004, 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 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 March 31, 2005. Whistler will finalize the exercise price of the warrants prior to mailing of the Prospectus to stockholders. The proposed offering is estimated be made to stockholders of record as of December 31, 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. 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. THIS NEWS RELEASE DOES NOT CONSTITUTE SOLICITING MATERIAL OR AN ATTEMPT TO SOLICIT A PROXY OR PROXIES IN CONNECTION WITH WHISTLER'S SPECIAL MEETING OF STOCKHOLDERS. Contact: Holly Roseberry, Whistler Investments, Inc., (702) 296-2754 DATASOURCE: Whistler Investments, Inc. CONTACT: Holly Roseberry, Whistler Investments, Inc., (702) 296-2754

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WHIS Whistler Investment (MM)