Go to Google Groups Home    Advanced Battery Technologies, Inc.
Earnings & guidance

tsa...@gmail.com

Commenting on the results, Mr. Zhiguo Fu, Chairman and CEO of Advanced
Battery Technologies, stated, "We are pleased with the progress that
our Company has made despite the difficult economic environment. We
were able to achieve suitable revenue growth for the quarter, although
we will strive for greater growth in 2009 with increased production
capacity and tighter cost controls. As such, we expect the expanded
assembly line in Harbin to be operational late in the second quarter
of 2009, which will add the production capacity enabling an additional
$22 million in revenue generation for 2009. We remain optimistic about
our continued growth in the remainder of the year and currently our
backlog for the battery business is approximately $64.0 million as of
early May."

Sounds like some pretty decent statements to me.  I like the fact that
the 22 mil of rev generation is in 2009.

Any other thoughts?  I think we have a nice upside from here!