Whistler Investments, Inc. (WHIS) announces discovery of short position in excess of 700,000 shares, 12% of DTC position - Correction LAS VEGAS, NV, June 15 /PRNewswire-FirstCall/ -- Whistler Investments Inc. (http://www.whistlerinvestments.com/) subsidiaries, R-Electric Car Company (http://www.r-electriccar.com/) Global Electric Corporation, (http://www.globalelectric.com/) and Solium Power Corp (http://www.soliumpower.com/) emerging leaders in the development and marketing of lithium ion vehicles and lithium ion powered products worldwide, announced today that as we have previously communicated with our stockholders concerning the unauthorized listing of Whistler's common stock on the Berlin Stock Exchange, we took steps to delist our stock from that exchange, and advised our stockholders that, because of the Berlin Stock Exchange's policy permitting "naked" short sales, to make sure that they received delivery of any stock they purchased. The Company has extended its arrangements with its Transfer Agent to pay for all deliveries to June 30, 2004. Following the delisting of our stock from the Berlin exchange, we had concerns about the potential aftermath of this unauthorized listing. We conducted our own investigation and as of June 2, 2004, have found the following: According to our transfer agent records, we have 5,504,680 shares held by DTC, but the ADP broker search indicates 6,217,458 shares being reported by broker/dealers as being held on behalf of their customers, indicating a short position of more than 700,000 shares. A summary report can be viewed at http://whistlerinvestments.com/shorts.html We have therefore commenced work with DTC for a formal review of the reported excessive broker/dealer holdings of our stock so that we can conduct our corporate affairs properly in view of our planned stockholders meeting and other upcoming corporate matters. We again advise our stockholders to make sure that they receive delivery of any shares that they purchase, and also that their stock is not being borrowed without authorization. Holly Roseberry, President of Whistler Investments states "We intend to get to the bottom of the excessive short position and bring stability back into the trading of our stock. We're happy to say that we have 5,133 stockholders and we expect all our stockholders to benefit from the shorters having to cover their short positions. About Whistler Whistler Investments, Inc. (WHIS) is emerging as a leader in the development and marketing of Lithium Ion vehicles and Lithium Ion powered products worldwide. Whistler believes our superior technology coupled with an aggressive marketing plan will establish our company on the world stage. With the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is current. As legislation is dictating a move towards this type of energy, we foresee this industry as one of the fastest growing segments within the global economy. For more information about Whistler Investments, please visit our website at http://www.whistlerinvestments.com/. Forward Looking Statement This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Whistler Investments, Inc. DATASOURCE: Whistler Investments, Inc. CONTACT: For more information about Whistler Investments, please visit our website at http://www.whistlerinvestments.com/.

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