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Ener1, Inc. (OTC Bulletin Board: ENEI), an advanced alternative energy company, announced today that the 1-for-7 reverse split of its common stock will become effective on April 24, 2008, and that the stock will thereafter trade under the symbol ENON.
Shareholders who hold their shares in brokerage accounts or "street name" will not be required to take any action in connection with the reverse split. Shareholders who own shares in their name can find further information on the company's website (www.ener1.com).
About Ener1, Inc.
Ener1, Inc. (BULLETIN BOARD: ENEI) is an alternative energy technology company that is developing 1) lithium-ion batteries for hybrid and electric vehicles (HEV, PHEV and EV) at its EnerDel subsidiary, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary.
For more information, please click here
Michael Mason (investor relations)
Allen & Caron Inc
212 691 8087
Rachel Carroll (Ener1)
212 920 3500
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