updated 4/7/2011 7:16:40 AM ET 2011-04-07T11:16:40

DALLAS, April 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Advanced Battery Technologies Inc. (Nasdaq:ABAT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/ABAT

Advanced Battery Technologies Inc. (ABAT) is a developer, manufacturer and distributor of rechargeable polymer lithium-ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Early in 2009, the Company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle manufacturer, and renamed it Wuxi Zhongqiang  Autocycle Co. Ltd.

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In the report, the analyst notes:

"ABAT shares traded higher Wednesday after the rechargeable battery maker responded to research published by what it called "a short seller operating under the pseudonym 'Variant View Research.' ... ABAT responded to each of the 14 allegations set forth in the Variant View report."

"ABAT's sales of electric vehicles for 2010 were $49.2 million, representing a 142% increase from 2009's figure of $20.3 million. The Company attributed the increase in vehicle sales to the fact that 2009 results include only the period from May 4, 2009, to December 31, 2009, and also to management's efforts that made Wuxi ZQ more responsive to the requirements of its distributors. The Company secured higher profitability in 2010 due to improved production efficiencies in its electric vehicles operations."

To read the entire report visit: www.microstockprofit.com/lp/ABAT

See what investors are saying about ABAT at http://www.stockhideout.com

Get breaking news on ABAT at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: Brian Johnson

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