Advanced Battery Technologies Reports Record 2007 Results

HARBIN, CHINA, Mar 31 (MARKET WIRE) --
Advanced Battery Technologies, Inc. (NASDAQ: ABAT) today announced
financial results for the Company's twelve months ended December 31, 2007.
Revenue for 2007 increased 95%, to $31.9 million, from $16.3 million in 2006
(restated). Net Income increased 32% to $10.6 million from $8.0 million in
2006 (restated).

Mr. Fu, Chairman and CEO, said, "2007 was a watershed year for the
Company,in which we achieved record operating results and backlog. Our current
backlog
of firm orders is $49 million, compared to $18 million at this time last
year, an increase of 272%. The expansion of our backlog is a testament
to the dynamic nature of our battery technology and a good indication of the
bright future we believe is ahead for ABAT and its shareholders."

In connection with our year-end results, management determined that
impairment
of goodwill was no longer appropriate. At year-end 2006, management had
decided that goodwill was impaired and had written-off approximately $2 million.

Upon further review of SFAS 142, however, management determined that goodwill
had
not been impaired at the end of 2006. For that reason, the Company has
reversed the impairment of its goodwill (as more fully discussed in the
10-KSB). Accordingly, the analysis and comparisons with year-end 2006
results included in the annual report and in this release are to restated 2006
results.

Mr. Fu further said, "Shareholders should be reminded that the first quarter
results of all China based manufacturing companies, your Company included, are
weaker than those of subsequent quarters because of the Chinese New Year
celebration. This holiday requires closure of all plant and administrative
function for a significant portion of January and February. Management
wishes to express its appreciation for the continuing strong support from
shareholders and employees over the past year."

About Advanced Battery Technologies, Inc.

Advanced Battery Technologies, Inc., founded in September 2002, develops,
manufactures and distributes 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. The Company has a New
York
office, with its executive offices and manufacturing facilities in China. For
more information about Advanced Battery Technologies, Inc. (ABAT), please visit:
http://www.abat.com.cn.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995

This news release contains forward-looking statements within the meaning
ofthe "safe harbor" provisions of the Private Securities Litigation Reform Act
of
1995, may involve risks, uncertainties and other factors that may cause the
company's actual results to be materially different from any future results
or performance suggested by the forward-looking statements in this release.
These
risks and uncertainties include, without limitation, risks that the results of
future
performance will not be consistent with the forward-looking statements, risks
that the backlog will not be fulfilled due to reasons of either the Company
or the customer, and the risks that the batteries of competitors receive
better market acceptance than those of the Company's PLI batteries. We undertake
no
obligation to revise or update publicly any forward-looking statements.

Contact:
John Tsemberides
44 Wall Street
New York, N.Y.
(917) 734-1524
Email Contact

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