Advanced Battery Technologies Selected to Join Russell 3000 Index

NEW YORK and HARBIN, China, June 19, 2008 (PRIME NEWSWIRE) -- Advanced Battery
Technologies, Inc. (Nasdaq:ABAT) today announced that it has been selected to
join the broad-market Russell 3000(r) Index. ABAT's common stock will be
included in the Index on June 27, when Russell Investment Group will
reconstitute its comprehensive set of U.S. and global equity indexes. The
Russell 3000 tracks the performance of the 3,000 largest U.S. companies based on
total market capitalization. Advanced Battery Technologies, Inc., founded in
September 2002, develops, manufactures and distributes rechargeable Polymer
Lithium-Ion (PLI) batteries. Advanced Battery Technologies' products include
rechargeable PLI batteries for electric automobiles, motorcycles, mine-use
lamps, notebook computers, walkie-talkies and other electronic devices

"We believe our inclusion in the Russell 3000(r) Index will further increase our
visibility among significant investors and institutions who utilize the Index as
part of their overall investment strategies," stated Mr. Zhiguo Fu, CEO and
chairman of ABAT. "It is gratifying when others take notice of the success we
have been experiencing. Joining the Russell 3000(r) Index marks an important
corporate event for Advanced Battery Technologies, as we continue to focus on
delivering solid performance to our shareholders.

"We are very pleased to join the select group of companies included in the
Russell 3000(r) Index that are widely recognized as main-stream investment
alternatives for institutional investors and index fund managers," said Taylor
Zhang, ABAT's CFO.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style attributes.
Membership in the Russell 3000(r), which is reconstituted annually, means
automatic inclusion in the large-cap Russell 1000(r) Index or small-cap Russell
2000(r) as well as the appropriate growth and value style indexes.

Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization. The
largest 1,000 companies in this ranking comprise the Russell 1000(r) and the
next 2,000 companies become the Russell 2000(r).

About Russell Investment Group

Russell Investment Group aims to improve financial security for people by
providing strategic advice, world-class implementation, state-of-the-art
performance benchmarks, and a range of institutional-quality investment
products. With more than $200 billion in assets under management, Russell serves
individual, institutional and advisor clients in more than 40 countries. Russell
provides access to some of the world's best money managers. It helps investors
put this access to work in corporate defined benefit and defined contribution
plans, and in the life savings of individual investors.

Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life Insurance
Company. Headquartered in Tacoma, Wash., U.S., Russell has principal offices in
Amsterdam, Auckland, Hong Kong, Johannesburg, London, Melbourne, New York,
Paris, San Francisco, Singapore, Sydney, Tokyo and Toronto.

Russell's indexes are unmanaged and cannot be invested in directly. For more
information on Russell indexes, go to www.russell.com.

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 of the
"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.

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CONTACT: Informed IR
John Tsemberides
917-734-1524
john@informedir.com
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