Advanced Battery Announces $10M Share Repurchase Program

Advanced Battery Technologies ABAT announced that its Board of Directors today unanimously approved a share repurchase program that authorizes the Company to repurchase up to $10 million of the Company's common stock in the open market. Purchases will be made at the discretion of management, with the timing dependent on prevailing market conditions. The goal of the program will be to increase the per-share equity of the remaining shareholders.